The 2022 crypto winter and the subsequent large industry fallouts left the crypto community questioning the safety of their investments. However, a recent survey by Paxos showed that trust in centrali...
Tag: Custodians
89% still trust centralized custodians despite 2022’s collapses: Survey
American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, excha...
SEC Could Halt Hedge Funds from Working with Crypto Custodians
The SEC will vote on a proposal on Wednesday that could prevent hedge funds, pension funds, and private equity firms from working with crypto custodians. Another day, another SEC action against crypto...
US SEC to vote on new rule overseeing crypto firms as qualified custodians
Per a recent Bloomberg report, the commission is working on a draft proposal that would make it difficult for crypto firms to operate as “qualified custodians”. The US Securities and Exchange Commissi...
Crypto Custodians ‘Commingling’ Funds Caused Chaos
The crypto sector continues to clash heads with regulators over stringent regulatory measures. This time, the topic of discussion is the commingling of users’ funds locked in crypto custodians. Regula...
New York regulator urges crypto custodians to separate customer and corporate assets – Cryptopolitan
The New York Department of Financial Services (NYDFS) is urging crypto custodians to take extra precautions to protect customers and their assets as the crypto industry continues to witness an increas...
NYDFS reminds crypto custodians of laws prohibiting commingling of funds
New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris reminded licensed crypto custodians in the state of their fiduciary duty to ensure customer funds are not commingled wi...
Thai SEC Issues New Rules for Crypto Custodians
The Securities and Exchange Commission (SEC) of Thailand has issued a set of regulations for companies offering crypto custody services. Thailand’s SEC announced a new set of rules for crypto custody ...
Thailand SEC introduces regulations for crypto custodians: What does it entail?
Thailand’s SEC has issued fresh regulations for digital asset service providers. The new rules come in light of the recent turmoil in the crypto industry. The Securities and Exchange Commission of T...
Thailand’s SEC Issues New Regulations For Crypto Custodians
Thai SEC introduced new regulations for crypto custody service providers. Crypto custodians in the country will have to submit a contingency plan. Thailand’s financial regulators ramped up crypto regu...
Hong Kong watchdog warns against crypto custodians
The Hong Kong Securities and Futures Commission (SFC) has issued warning statements on the high risks associated with crypto platform operations. The regulator urged users to avoid virtual assets plat...
Matt Leitch: Crypto Custodians Should Be More Prominent
What is a crypto custodian? It’s a company or person hired to protect your digital assets and prevent them from being stolen or falling into the wrong hands, and according to Matt Leitch – a social me...
Ethereum balance on exchanges reaches a 4-year low as trust in custodians fades
The amount of Ethereum held in the wallets of centralized exchanges reached a four-year low, as trust in centralized crypto service providers continues to fall following the bankruptcy of FTX. Cryptoc...
First Gold-Bitcoin ETF to Kick off in EU on SIX Exchange; Coinbase and JP Morgan Act as Custodians
Yuri Molchan ETF based on combination of two most popular store-of-value assets to debut in Switzerland and Germany with Coinbase and JP Morgan acting as custodians As reported by The Financial Times,...
Wallex, A Fiat and Digital Asset Management and Custody Platform, Voted as One of the Top Custodians in Early April 2022 – crypto.news
What critics used to dismiss as a fad and tulip mania is now a multi-trillion-dollar industry. As of early Q2 2022, the cumulative cryptocurrency market capitalization stood at over $1.8 trillion. Out...
US banks partner with crypto custodians
Grayscale Investments’ latest report “Reimagining the Future of Finance” defines the digital economy as “the intersection of technology and finance that’s increasingly defined by digital spaces, exper...
Portal Removes The Need For Wrapped Tokens And External Custodians For Cross-Chain Asset Transfers
Cross-chain bridges can unlock tremendous potential in the crypto world. But, unfortunately, this technology has certain issues and the wrapped tokens they use. Portal wants to change that narrative b...