The securities arm of South Korea’s second-largest business group will take the crypto plunge – and will team up with a domestic commercial bank as part of its efforts…. Read More: South Korea’s SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move Read more »Pay, Trade, Buy Bitcoin with Credit Card
The Federal Reserve (Fed)’s governing board has unveiled guidelines that will standardize applications for “master accounts” from institutions “with novel charters,” including “cryptocurrency custody banks and their trade associations.”… Read More: Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’ Read more »Pay, Trade, Buy Bitcoin with Credit Card
The sum total of illegal kimchi premium trading conducted via South Korean banks could be as high as USD 6.5 billion, regulators claim – and authorities in the nation say they are now investigating “all” domestic commercial banks over the matter…. Read More: Kimchi Premium Trading Total Could Be Almost Twice as High as First…
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William D. O’Connell, PhD Candidate, Political Science, the University of Toronto.______ There is a well-known saying shared by both crypto experts and skeptics: “Not your keys, not your coins.” The phrase, popularized by Bitcoin entrepreneur Andreas Antonopoulos, refers to how the contents of a crypto wallet are the property of whoever has access to that…
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DeFi advocates claim that his nascent industry will continue to grow and, ultimately, make good on its promises. “By removing the need to rely on intermediaries, DeFi makes traditional banking services far more accessible.” Leading DeFi protocols are now seeking exposure to real-world assets. DeFi “has passed the threshold of speculation and investment.”____… Read More:…
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Panama’s “bitcoin (BTC) and crypto-friendly” bank Towerbank says it will bar its customers from making use of crypto mixers – in the wake of the United States Office of Foreign Assets Control (OFAC)’s move to sanction Tornado Cash earlier this month…. Read More: Panamanian Regulator May ‘Swing the Ax’ after Bitcoin-friendly Bank Bans Use of…
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In a tax-related effort, the US Internal Revenue Service (IRS) is asking permission to look into the customers of crypto prime dealer SFOX Inc. and its partner. The service responsible for collecting taxes is seeking to do just that – collect taxes, but this time it’s searching to identify the platform’s crypto customers, presumably those…
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The crypto winter continues to claim victims, with German crypto exchange Nuri and Africa-based CoinFlex being the latest to make moves. Nuri GmbH, one of Germany’s largest crypto exchanges, has filed for insolvency with a Berlin court, the company said in an announcement on Tuesday…. Read More: Crypto Turmoil Latest: Nuri Files for Insolvency while…
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Multiple Portuguese banks have begun closing accounts belonging to crypto exchanges due to “risk management”-related reasons – and the country’s central bank appears to have given the financial institutions its blessing…. Read More: Portuguese Banks Stop Offering Services to Crypto Exchanges, Citing ‘Risk’ as Rationale Read more »Pay, Trade, Buy Bitcoin with Credit Card
South Korean banks could find themselves in the firing line after the government, media outlets, and regulators stepped up the scrutiny of the banks’ role in enabling kimchi premium traders to make fast money when trading volumes rise…. Read More: South Korean Banks May Be in Trouble as Regulator Probes Kimchi Premium Bitcoin ‘Irregularities’ Read…
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