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Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies

The government-owned Swiss bank, bank Basler Kantonalbank (BKB) is set to offer cryptocurrency custodial services as well as trading service, a landmark move in the crypto-centric nation. The project is a collaboration between a BKB subsidiary and Bank Cler, a Swiss Banking Group. A Basler Kantonalbank spokesperson said: “In the BKB Group, we are working … Continue reading Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies

Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services

Two of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.   Introducing BTC Crypto Custodial Services  Woori and Shinhan Banks are following in the footsteps of Kookmin Bank, the largest commercial bank in South Korea. The financial monopoly had announced their intentions to offer Bitcoin (BTC) custody services at the beginning of this week, setting the tone for other commercial entities … Continue reading Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services

Libra Association Appoints Former Homeland Security General Counsel to Head Its Legal Services

On 26th August 2020, Libra Association has announced the appointment of Stevan Bunnell to replace Robert Werner as the new general counsel. The Libra Association has appointed Stevan Bunnell, the former general counsel for the US Homeland Security Department as its new top lawyer. Before this appointment, Bunnell co-chaired data privacy-focused legal firm O’Melveny & … Continue reading Libra Association Appoints Former Homeland Security General Counsel to Head Its Legal Services

China’s Blockchain Services Network Now Under Major Development Alongside "Digital Fujian" Project in the Province

China’s national Blockchain Services Network has been in development in China’s Fujian province, recently along with its 20 main blockchain projects as part of the “Digital Fujian” program.  These blockchain projects include the technical transformation in the industrial and commercial service industries, as well as a few major agricultural sectors. The blockchain construction projects also … Continue reading China’s Blockchain Services Network Now Under Major Development Alongside "Digital Fujian" Project in the Province

Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations

The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers in the country. Per the announcement, the updated DLT guidance notes will help to assist both old and emerging firms while also protecting consumers. According to the GFSC, the initial guidance notes were first published back in December … Continue reading Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations

Concerns Arise as North Korea’s Financial Services Commission Unsure of Its Cryptocurrency Mandate

The Financial Services Commission of North Korea has come under the spotlight. The agency, which is supposed to be in charge of the supervision of cryptocurrencies, recently asked which ministry is responsible for dealing with challenges associated with the theft of cryptocurrencies in the country. Lawmaker Seong II-Jong, the opposition party secretary of the National … Continue reading Concerns Arise as North Korea’s Financial Services Commission Unsure of Its Cryptocurrency Mandate

Mongolia’s Oldest Bank Will Soon Offer Comprehensive Crypto Services

Mongolia’s Trade & Development Bank (TDB Bank), the oldest and one of the largest banks in the nation, seeks to enter the crypto space by offering various services all under one roof, in line with its objective of promoting the Mongolian virtual asset financial business. Pooling resources together TDB Bank has partnered with Delio, a … Continue reading Mongolia’s Oldest Bank Will Soon Offer Comprehensive Crypto Services

Australian Senator Andrew Bragg: Blockchain Can 'Rebuild Confidence' in Financial Services

Australian Liberal, Senator Andrew Bragg has expressed optimism on the potential of blockchain technology to help ‘rebuild confidence’ in the financial services sector while helping to meet the regulatory compliance that borders around the industry. According to ZDNet, Senator Bragg made these comments at the Future of Financial Services 2020 virtual conference. “The future is … Continue reading Australian Senator Andrew Bragg: Blockchain Can 'Rebuild Confidence' in Financial Services

South Korea’s Financial Services Commission to Ban Privacy Coins from Exchanges

South Korea’s Financial Services Commission (FSC) will ban privacy-centric digital assets or “dark coins” from crypto exchanges as they present a high money laundering risk. Virtual asset providers in South Korea will no longer be authorized to handle privacy coin transactions according to a Nov.3 announcement from the FSC. According to the announcement, the updates … Continue reading South Korea’s Financial Services Commission to Ban Privacy Coins from Exchanges

Democrats Critical of OCC's "Excessive Focus" on Crypto and Stablecoin Financial Services

Some Democrat members of the United States Congress led by Congresswoman Rashida Tlaib (D-MI) have criticized the Office of The Comptroller of the Currency (OCC) for having an “excessive focus” on cryptocurrencies and stablecoins, arguing crypto-related financial services move too far away from the core business of banking and finance. In a letter signed by … Continue reading Democrats Critical of OCC's "Excessive Focus" on Crypto and Stablecoin Financial Services

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