SEBA Bank becomes the first digital asset custody bank in Switzerland
SEBA Bank AG, a fully regulated Swiss bank focused on the offering of digital cryptocurrency assets, announced today that it has received license from the authorities to provide an institutional-grade custodian service for investment schemes. With this news, the bank becomes the first digital asset-centric bank in Switzerland , and one of the first in […]
Crypto.com insurance program now covers $750M in digital assets
Digital currency exchange Crypto.com’s insurance policy has been upgraded to cover up to $750 million in digital assets, this is to provide security for users of the platform. Arch Underwriting, a division of Lloyd’s Syndicate 12, is backing the new policy, which has been in force since September 6. The insurance covers Crypto.com’s cold storage […]
US lawmakers propose adding digital assets to help raise capital gains tax
United States House of Representatives members has suggested tax measures to support a $3.5 trillion spending package, which could have an impact on cryptocurrency users. The proposal, according to a document released on Monday by the House Committee on Ways and Means, would raise the tax rate on long-term capital gains from 20% to 25% […]
Ukraine passes law to legalize crypto and regulate digital assets
The Ukrainian Parliament has passed a legislation that legalizes cryptocurrencies. The country hopes its new digital asset regulations will attract foreign crypto exchanges. The Ukrainian Parliament passed the draft law “On Virtual Assets ” on September 8, making cryptocurrencies legal for the first time in the country. The legislation is based on existing guidelines issued […]
Former RBI Deputy Governor pushes for cryptocurrency acceptance in India
According to a former Deputy Governor of the Reserve Bank of India, cryptocurrencies are taxable assets or commodities. In an interview with the Financial Times, the former Deputy Governor of the Reserve Bank of India (RBI) spoke out against the country’s financial and crypto ecosystems, stating that digital assets must be embraced. According to Rama […]