Zurich-based Maerki Baumann will be the first to offer its customers the Ethereum staking possibilities provided by InCore Bank. InCore’s platform is fully compliant with KYC and AML regulations and uses SDX Web3 services.
The deal will enable PostFinance customers to seamlessly buy, sell and hodl a range of cryptocurrencies, including bitcoin and ether. Digital asset services will be integrated via Sygnum’s fully compliant B2B digital assets banking platform.
After the failure of three U.S. banks (with varying degrees of crypto exposure) in the space of a week last month, the sector seems to have settled back into relative calm, at least for the time being. So it would seem like the perfect opportunity for a recap.
The proposed scheme, in the emerging GIFT City financial hub, will allow customers of Indian banks to make and receive instant US dollar transactions, with 24/7 clearing and settlement processes using distributed ledger technology.
The bankers are finally coming around to the fact that blockchain technology is a far more efficient vehicle for the transfer of wealth. So now they’re trying to come up with ways to stop that wealth from transferring away from them.
The US Commodity Futures and Trading Commission alleges that Binance willfully violated federal law to encourage US investors to subvert its own “ineffective” compliance program. The exchange is also accused of offering unregistered crypto derivatives products.
Hong Kong’s recent proposals for a crypto-friendly licensing regime in the region have seen Chinese state banks offering their services to the city’s crypto companies, despite a blanket ban on the mainland.
Frankfurt-based Bankhaus Scheich has created a profitable sideline for itself in cleaning up blacklisted cryptocurrency assets seized during law enforcement operations carried out by the local authorities.
