Zodia Custody announced its registration as a VASP in Luxembourg. The registration would help in attracting customers as Luxembourg is a premier center for the industry. John Cronin commented that the...
Tag: custody
Standard Chartered to offer Bitcoin and crypto custody in EU through subsidiary
Zodia Custody Ltd., a Bitcoin and cryptocurrency custodian that Standard Chartered owns, has successfully obtained registration as a virtual asset service provider in Luxembourg, therefore extending i...
US Crypto Holders Trust Banks and Exchanges for Custody
A recent survey conducted by Paxos has shown that American crypto holders still trust intermediaries such as banks, crypto exchanges, and mobile payment apps to hold their digital assets. The survey, ...
The SEC’s Custody Rule Would Be a Net Positive for Crypto
The SEC’s proposal that registered investment advisors be required to use an independent, regulated, qualified custodian is prudent and good for the digital asset industry. Qualified custodians, which...
Ceffu (Formerly Binance Custody) to be Custodian of Flynt Finance for Enhanced Asset Security and Off-Exchange Settlement – Press release Bitcoin News
press release PRESS RELEASE. Flynt Finance, a cryptocurrency portfolio management platform, has announced a partnership with Ceffu, formerly known as Binance Custody, to provide its clients with enhan...
Germany-based DZ Bank To Provide Crypto Custody Services
Bitcoin News The bank had assets of almost $315 billion (€297 billion) by the end of 2022. DZ Bank plans to include Metaco’s key product, Harmonize. DZ Bank is a subsidiary of Volksbanken Raiffeisenba...
Platypus Finance says French police took suspected hackers into custody
Platypus Finance, a decentralized finance protocol on Avalanche, announced that the French National Police have arrested two people suspected of hacking its protocol. The project assisted French law e...
Germany’s Second Largest Bank to Offer Crypto Custody Services to Institutionals
DZ Bank – the second-largest German bank by assets – is all set to offer digital asset custody services. The BaFin-regulated financial institution and custody provider has joined forces with Swiss fir...
Galaxy acquires institutional crypto custody firm for $44M
Galaxy Digital has invested $44 million into an institutional cryptocurrency custody platform to tap into its proprietary asset storage and management capabilities. Mike Novogratz’s cryptocurrency inv...
The Block: Fireblocks testing ‘off-exchange’ crypto custody solution: Financial News
Fireblocks is trialing a hybrid custody solution that its clients can use to safeguard their crypto even while trading on exchanges, according to a Financial News report on Friday. The proposed ...
More Strict Rules of SEC Under Crypto Custody Crackdown
The SEC has escalated its campaign to reign in. The regulator once again pushed its efforts to make more strict rules for crypto companies. It seems the Securities and Exchange Commision (SEC) is gett...
US SEC proposed rules recognize Gemini crypto custody platform
Tyler Winklevoss, the co-founder of Gemini, a cryptocurrency exchange, in a tweet, claims that their crypto custody service is recognized by the United States Securities and Exchange Commission (SEC)....
SEC Approves This U.S. Exchange’s Custody Service While Coinbase’s Remain Uncertain
On Wednesday, the Securities and Exchange Commission (SEC) voted 4-1 to propose sweeping changes to federal regulations. These changes would expand custody rules to include assets such as cryptocurren...
SEC’s Crypto Regulation Proceedings Reach to Custody Services
US SEC looking for expansion of existing custody services to include crypto Earlier it took actions against crypto staking services and barred a crypto exchange from it The tightening of regulatory gr...
Coinbase Supports SEC’s Proposed Crypto Custody Rules, But Not Everyone Is Happy ⋆ ZyCrypto
Advertisement     The U.S. Securities and Exchange Commission (SEC) has proposed introducing rules to address how investment advisers safeguard client crypto assets. A...
Hester Peirce Says SEC Crypto Custody Plan Involves ‘Substantial Departure’ From Status Quo
U.S. Securities and Exchange Commissioner Hester Peirce, no stranger to butting heads with her own agency, released a statement on Wednesday questioning the latest proposal from SEC Chair Gary Gensler...
Gate.io integrates with Copper’s ClearLoop network amid fresh focus on custody
Crypto exchange Gate.io is partnering with digital asset custody firm Copper.co to fully integrate with its ClearLoop solution in a move that will allow users to quickly execute trades while maintaini...
Why Crypto Mom is Against the SEC’s New Crypto Custody Rules
The Securities and Exchange Commission (SEC) just voted to propose new amendments affecting rules around crypto asset custody in the United States – and commissioner Hester Peirce (aka “Crypto Mom”) i...
SEC proposes tougher rules as part of its crypto custody crackdown
A five-member panel of the United States Securities Exchange Commission (SEC) has voted 4-1 in favor of a proposal that may make it more difficult for cryptocurrency firms to serve as digital asset cu...
Hester Peirce opposes new SEC proposal on crypto custody
The SEC commissioner has joined the Crypto Twitter discussion to criticize her agency’s most recent crypto proposal. The US Securities and Exchange Commission Commissioner (SEC) Hester Peirce, who is ...
Tighter rules to control crypto custody? The SEC says…
A new proposal from the SEC may make it more challenging for cryptocurrency firms to serve as digital asset custodians. However, Commissioner Hester Peirce stated that the statement may bring the cryp...
SEC Proposes More Stringent Rules for Crypto Custody Providers
The SEC on Wednesday voted in favor of proposed amendments to federal regulations “to expand and enhance the role of qualified custodians.” The proposed changes would extend the scope of rules to incl...
Coinbase, BitGo, and Anchorage assert that they comply with SEC custody rules
Ad Coinbase and other crypto custody providers asserted on Feb. 15 that they will be able to operate under proposed changes to custodial rules. Coinbase endorses SEC’s efforts Today, the U.S. SEC vote...
Celsius to repay users; SEC may apply custody rules to crypto
Ad The biggest news in the cryptoverse for Feb. 15 saw Celsius announce that it plans to begin paying back eligible users. Elsewhere, the SEC has proposed expanding federal custody rules to the crypto...
Tornado Cash developer remanded in custody another 3 months without charge
Ad Alexey Pertsev, the developer of Tornado Cash, an open-source crypto-mixing protocol, will continue to be detained until his next hearing on April 21, according to a ruling by a Dutch court. The co...
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’ – Regulation Bitcoin News
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lendin...
Gensler opens new regulatory front for crypto firms: custody
SEC Chair Gary Gensler signaled an escalation to his post-FTX crackdown on the crypto industry on Wednesday, saying that digital asset firms are in broad violation of current custodial rules meant to ...
SEC custody rule change threatens crypto firms
The Securities and Exchange Commission (SEC) is proposing a modification to the custody rule for investment advisors holding client assets that would reduce choices for advisors managing cryptocurrenc...
SEC Chair Gensler’s new proposal tightens crypto custody restrictions
Securities and Exchange Commission chairman Gary Gensler on Wednesday proposed sweeping changes to federal regulations that would expand custody rules to include assets like crypto and require compani...