Ripple, the US blockchain firm behind the XRP cryptocurrency, will provide crypto custody services to Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA). According to a Tuesday announcement, Ripple’s agreement to provide crypto custody services to BBVA follows the bank’s recent announcement of its Bitcoin (BTC) and Ether (ETH) retail trading and custody service. BBVA will…
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HSBC and the world’s largest bank by total assets, the Industrial and Commercial Bank of China (ICBC), reportedly plan to apply for stablecoin licenses in Hong Kong as the region’s new regulatory regime takes effect. According to a Monday report in the Hong Kong Economic Journal, both HSBC and ICBC signaled their intention to apply…
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Belarusian President Aleksandr Lukashenko instructed lawmakers to develop transparent rules for the country’s cryptocurrency market. According to a Friday report by the local news agency Belarusian Telegraph Agency, Lukashenko said during a recent government conference that it is important for Belarus to keep up with trends. He said: “The task of the state in these…
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South Korea’s Financial Services Commission (FSC) set new rules for crypto lending. The FSC said on Friday that interest on crypto lending is now capped at 20% in South Korea, and leveraged lending is not allowed. Crypto lending is restricted to the top 20 tokens by market capitalization or those listed on at least three…
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Japan’s Financial Services Agency (FSA) presented a proposal that would significantly tighten crypto regulation. A Tuesday FSA report recommends regulating cryptocurrencies under the Financial Instruments and Exchange Act (FIEA), moving them from under the Payment Services Act. This aims to strengthen investor protection and align crypto oversight with securities regulation. The regulator said that many…
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The Dutch National Bank (DNB) imposed a fine of 2.25 million euros ($2.6 million) on crypto exchange OKX for operating in the country without registering with the regulator. According to a Wednesday DNB announcement, the fine pertains to the period from July 2023 to August 2024, before the introduction of the European Union’s Markets in…
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Euro-denominated Bitcoin company Treasury raised initial funding of 126 million euros ($147 million) through a private round led by Winklevoss Capital and Nakamoto Holdings. According to a Wednesday announcement shared with Cointelegraph, the company used the funds to buy more than 1,000 Bitcoin (BTC) to jumpstart its Bitcoin treasury. Treasury said it aims “to be…
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Lee Eok-won, the nominee for chairman of South Korea’s Financial Services Commission (FSC), has made harshly critical remarks about cryptocurrency. According to a Monday report by local news outlet News1, Lee said that “crypto has extreme price volatility, lacks monetary function” and has “no intrinsic value.” He also wrote in answers questions submitted by lawmakers…
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Lee Eok-won, the nominee for chairman of South Korea’s Financial Services Commission (FSC), has made harshly critical remarks about cryptocurrency. According to a Monday report by local news outlet News1, Lee said that “crypto has extreme price volatility, lacks monetary function” and has “no intrinsic value.” He also wrote in answers questions submitted by lawmakers…
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Japan’s top Bitcoin treasury firm, Metaplanet, just acquired 1,009 BTC, reaching 20,000 BTC of holdings just as the firm issues millions of new shares. According to a Monday Metaplanet announcement, the firm acquired 1,009 BTC and reached 20,000 BTC for 16.479 billion yen (nearly $112 million). On the same day, the firm announced the issuance…
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