On January 1, 2020, a German law will come into force that makes digital asset custodians subject to financial supervision. Companies that want to provide this business then need a license from the German Federal Financial Supervisory Authority (BaFin). Any crypto custodian addresses to German customers, must notify BaFin of…
Read MoreBoston-based State Street Corp. announced December 17, 2020 that it’s partnering with cryptocurrency exchange and custodian Gemini Trust. This is due to the launch of a crypto custody pilot program by State Street. Institutions that store their cryptocurrency with Gemini Custody will have the related reporting and holdings information provided…
Read MoreFrance’s supreme financial supervisory authority has adopted the custody of digital assets by law. With its new crypto regulation, France creates a legal framework for Digital Asset Service Providers (DASP) and Initial Coin Offerings (ICOs) and strengthens the powers of the AMF as the regulatory authority for the crypto industry….
Read MoreAmsterdam-based ING Bank allegedly works on crypto custody solutions to help customers store digital assets securely. As Reuters reported on 11 December, sources “familiar with the subject” point out that the main objective of the initiative is to provide the bank’s customers with secure crypto storage. The custody project is…
Read MoreThe German crypto market benefits from legal certainty. Market participants speak of an increasing professionalization of the environment and begin to position themselves strategically in Germany. Crypto Storage AG is setting up a unit in Germany. After the German legislator has created clarity about crypto asset storage, the first market…
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