Category Archives: Cryptocurrency News

The Bank of the Princes of Liechtenstein has opened access to crypto investments for clients

Part of the world’s largest family-owned private banking group, LGT Bank, with the support of the Swiss bank SEBA, has launched a cryptocurrency investment program. The LGT Group is owned by the Princely House of Liechtenstein. The bank announced the conclusion of a partnership agreement with SEBA, the condition of which will be “acting as a cryptocurrency broker and investment services operator.” At the initial stage, from May 2022, “direct investments” in two crypto assets…

Wisdomtree: Cryptocurrencies are an asset that cannot be ignored

The management of the investment company Wisdomtree believes that cryptocurrencies will become an integral part of the portfolio of any investor in the next few years. Jason Guthrie, head of digital asset management at Wisdomtree, said in an interview with Ftadviser that the time when people could doubt whether cryptocurrencies would linger in the financial system is long gone. According to Guthrie, digital currencies have firmly established themselves as a new asset class and this…

Eurosystem is looking for providers of payment solutions for the digital euro

The Eurozone Monetary Authority Eurosystem invites payment service providers and banks to participate in the competition of solution providers for payments in the national digital currency. Eurosystem is looking for developers of payment solutions for the digital euro. The request specifies that the prototype proposed by the developers should test the digital euro transaction path on a backend developed by regulators. And also to test the processing and completion of the CBDC transaction in the…

Indian crypto exchanges will store user data for five years

India’s Ministry of Information Technology has issued a directive that requires cryptocurrency exchanges, data centers and VPN providers to store user data for five years. The directive, which will come into force on June 22, should help the country’s authorities to more effectively combat cybercrime. Cryptocurrency exchanges in India will store customer names, ownership, contact information and other user data. In addition, exchanges and VPN providers will be required to report any out-of-band incident to…

Bloomberg: G7 countries are tightening their monetary policy

Analysts at Bloomberg reported that the central banks of the G7 countries are reducing their balance sheets and raising interest rates to prevent inflation from rising. As Bloomberg analysts note in the report, the G7 countries are tightening their monetary policy – central banks are reducing their balance sheets and raising interest rates. By the end of the year, the G7 countries will reduce their balance sheets by about $410 billion, experts say. Banks added…

Hawaii Advocates Dedicated Task Force to Regulate Cryptocurrencies

The Commerce and Consumer Protection Committee (CPN) and the Ways and Means Committee (WAM) of the State of Hawaii have approved the creation of a specialized task force to study and regulate digital currencies. According to the announcement, a task force will be set up at the Ministry of Budget and Finance to analyze and collect data on cryptocurrencies and blockchain. In the future, the group will be required to present research findings and draft…

Swiss Central Bank: “We do not see the need to buy bitcoin”

The management of the Swiss National Bank (SNB) considers it inappropriate to invest in bitcoin and keep it as a reserve of the regulator. SNB Chairman Thomas Jordan said at the annual board meeting that buying bitcoin is not a problem for the central bank, it can do so either directly or by purchasing bitcoin-linked investment products. The head of the Central Committee is quoted by Reuters. If necessary, the regulator will be able to…

Bankless: The value of assets in second-level blockchains on Ethereum increased by 964%

Experts from the analytical resource Bankless note that against the backdrop of an increase in the value of assets in scaling services on Ethereum, Arbitrum and Optimism blockchains attracted the most fees. The Bankless report says that in the first quarter, the value of assets locked on second-tier blockchains or Ethereum-based scaling services increased by 964%, reaching $7.3 billion, up from $686.9 million in the first quarter of 2021. The authors of the report note…

Fidelity Cryptocurrency Pension Plans caused concern to the US Department of Labor

The US Department of Labor has expressed concerns about an initiative by US holding company Fidelity to include cryptocurrencies in US retirement accounts. Ali Khawar, Acting Assistant Secretary of the Employee Safety Authority (EBSA), told The Wall Street Journal that the agency does not know the implications of Fidelity’s initiative. The company announced on Tuesday that it will allow members of its 401(k) retirement savings program to invest up to 20% in bitcoin. After that,…

Belgian regulator tightens supervision of the crypto industry

The Belgian Financial Services and Markets Authority (FSMA) is introducing licensing for local companies that provide crypto-currency services to citizens. The Belgian regulator has announced that under the new rules, all local cryptocurrency trading platforms and custodial wallet operators are required to obtain a license to work with digital assets from May 1. The appeal states that the new regulation is being created to regulate the ever-growing crypto industry. According to the regulator, the registration…