Germany: New regulations for Digital Asset Custodians

From January 1, 2020, ALL exchanges & custodians (no matter where they are based) will need a license from the German authorities when addressing the German market!   Commentary on the new Money Laundering Act in Germany, which in particular contains regulations concerning the safekeeping of digital assets such as…

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Bakkt officially dives into crowded crypto custody market

Bakkt is officially launching its institutional custody business Ties to its exchange giant parent company, Intercontinental Exchange, might give the unit an advantage over the competition Still, the market for crypto custody is crowded with a number of new and established players Bakkt, the cryptocurrency venture-backed by Intercontinental Exchange, announced…

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Diginex launches institutional-grade custody for digital assets

Diginex, a blockchain financial services and technology company, today announced the launch of Digivault, offering digital asset custody services to meet the rigorous requirements of institutions. This comes at a crucial time for the digital asset industry as losses from thefts, scams and misappropriation of funds totaled $4.26 billion so…

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Wyoming Brings Regulations for Crypto Custody Platforms

The US state of Wyoming has introduced a new set of rules to regulate the digital asset custody platforms. With this announcement, Wyoming has become the first country to unveil Crypto Custody Rules for ‘Blockchain Banks’. The regulations are opt-in and cover areas like forks, airdrops, and stalking. These rules…

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