Tag: Banks
UBS Clients Allowed to Trade Crypto Futures ETFs in Hong Kong
Reading time: < 1 minuteUBS Group has begun allowing select clients to trade crypto-linked exchange-traded funds (ETFs) in Hong Kong.
JPMorgan Believes Current Crypto Market Rally Is Not Justified
Reading time: < 1 minuteJPMorgan has warned against excessive optimism in the cryptocurrency market, especially in anticipation of the approval of a Bitcoin ETF.
Standard Chartered Division Plans to Invest $100M in Crypto-related Startups
Reading time: < 1 minuteStandard Chartered’s investment arm plans to establish a $100 million crypto investment vehicle in the United Arab Emirates.
Daily Turnover of JPMorgan’s JPM Coin Hits $1B
Reading time: < 1 minuteJPMorgan’s payments department head Takis Georgakopoulos has confirmed that the financial institution’s JPM Coin system processes a significant volume of transactions daily.
Deutsche Bank Tests SWIFT Analogue for CBDC and Stablecoins
Reading time: < 1 minuteDeutsche Bank and SC Ventures have successfully transferred and exchanged stablecoins using the Universal Digital Payments Network (UDPN).
Australia’s Bank Blocks High-risk Payments to Crypto Exchanges
Reading time: < 1 minuteBendigo Bank, one of Australia’s “Big Four” banks, has announced that it will be instituting blocks on “high-risk crypto payments.”
Myanmar to Launch a Neobank on Polygon
Reading time: < 1 minuteThe Myanmar National Unity Government (NUG) has announced the launch of the Spring Development Bank neobank on the Polygon platform.
An Australian Bank Stops Cooperating With Cryptocurrency Exchanges
Reading time: < 1 minuteThe National Australia Bank (NAB) has joined the trend this week by suspending partnerships with crypto exchanges.
Denmark’s Authorities Order Saxo Bank to Limit Crypto Trading
Reading time: < 1 minuteThe Danish Financial Supervisory Authority (FSA) has instructed Saxo Bank, a local financial entity, to liquidate its crypto-asset positions by the end of 2024.
Citigroup to Reconsider Partnership with Metaco
Reading time: < 1 minuteBanking conglomerate Citigroup is reportedly in the process of looking for a replacement for the Swiss company.
