The Swiss private bank Maerki Baumann & Co. AG specializes primarily in asset management but has been offering business accounts for blockchain companies and overseeing initial coin offerings (ICOs) and security token offerings (STOs) since April 2019. As stated in a press release issued by the financial institution on 29…Read More
On February 7, 2020, the Swiss Financial Market Supervisory Authority FINMA has announced an amendment to the guidelines for Bitcoin regulation. It affects the thresholds for reporting crypto transactions; FINMA wants stricter identification requirements for Bitcoin/crypto transactions. FINMA is proposing to “amend the thresholds for client identification in the FINMA…Read More
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 More
The 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 More
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…Read More
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