Crypto Firms Eye Custody Market as Institutional Adoption Grows
To satisfy the need for digital asset storage by institutions, Fireblocks and Taurus crypto firms are expanding their service offerings. The integration of conventional financial products with cryptocurrencies is propelling North American crypto firms to focus on storing digital assets for institutional clients. Two of the most recent infrastructure providers seeking to expand their custodial […]
Ripple And XRPL Labs Become DeRec Alliance Founding Members
Ripple and XRPL Labs Join Swirlds Labs and Algorand Foundation as DeRec Alliance Founding Members, for Crypto and digital Asset Recovery. Ripple and XRPL Labs have recently become founding members of the DeRec Alliance, a protocol for recovering digital assets, joining Swirlds Labs and the Algorand Foundation. This is the latest in a series of significant […]
HSBC Launches Gold Token For Retail Customers in Hong Kong
In a significant move towards digital asset adoption, HSBC has introduced tokenised gold for retail customers in Hong Kong. This constitutes a significant progression in the region’s financial environment. The introduction of the HSBC Gold Token grants individual clients an easy and convenient method of allocating funds towards gold investments, facilitated by the financial institution’s […]
UAE FSRA Updates Sanctions, AML Policy on Digital Assets
The Financial Services Regulatory Authority (FSRA) of the United Arab Emirates has incorporated new provisions on digital assets into its Anti-Money Laundering and Sanctions policy. The FSRA formally declared revisions to its Anti-Money Laundering and Sanctions Rules and Guidance, or the AML Rulebook, on December 21. Among the modifications made were sections of the FATF […]
FSA Japan Proposes to Alter Tax Code on Crypto, Digital Assets
The Japanese Financial Services Agency (FSA) has proposed altering the tax code regarding digital assets to relieve domestic companies from the“unrealized gains” tax on crypto. The principal financial regulator of Japan, the Financial Services Agency (FSA), has decided to take crypto regulation into its own hands by proposing to alter the tax code regarding digital […]