The government-affiliated Indian think tank NITI Aayog published a document entitled „Blockchain — the India Strategy„, which deals with a plan for blockchain adaptation in the country. NITI Aayog addresses not only hurdles in the implementation process, but above all the potential of Bitcoin & Co. for the sustainable development…
Read MoreFractal, the Berlin-based authentication provider working to transform financial identification, has notified the German Federal Financial Supervisory Authority (BaFin) that its subsidiary Fractal Vault GmbH has qualified as a custodian of crypto assets in 2019. Besides, the company has also announced its intention to apply for a crypto-vault license. In…
Read MoreCryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. This is the highest coverage yet offered by a cryptocurrency exchange, as CoinDesk reported. The company announced the news in a blog post on January 29, saying it…
Read MoreAccording to a blog post of January 30, 2020, Coinbase Custody has announced the launch of a new entity in Ireland under the name of Coinbase Custody International. Based in Dublin, the new entity will focus on institutional clients like hedge funds and family offices across Europe; provide users with…
Read MoreThe new regulation for the safekeeping of crypto assets such as Bitcoin requires providers to register with the Austrian Financial Market Authority (FMA). For non-registered companies, however, it could become expensive. Since January 10, the registration requirement for virtual currency service providers such as Bitcoin has been in effect in…
Read MoreSupervisory authorities from around the world met to discuss how to supervise and regulate virtual assets and virtual asset service providers (VASPs) in Paris on January 9, 2020. It was the first chance for supervisors to discuss how to implement these new measures since the Financial Action Task Force (FATF)…
Read MoreBy January 1, 2020, the new regulation for digital assets custody came into force in Germany. As of today, the Federal Financial Supervisory Authority (BaFin) provides a form for the declaration of intent according to § 64y para. 1 or 2 KWG about digital asset safekeeping. As expected, the requirements…
Read MoreOn January 1, 2020, a new law on the regulation of blockchain came into force in the Principality of Liechtenstein; the „Law on Tokens and Trusted Technology Service Providers”, in short TTTL. The Parliament of Liechtenstein had passed the so-called Blockchain Act on October 3, 2019. With this regulatory work,…
Read MoreOn 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…
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