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1 year, 5 months agoUBS CEO Urged to Learn from CS Crisis and Embrace a Holistic Approach
The leadership of UBS is facing increasing scrutiny and pressure following the forced takeover of Credit Suisse. This has led to a divisive mentality of “us versus them,” as noted by Samuel Gerber. Sergio Erm…
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1 year, 5 months agoTerraform Labs and SEC Reach Confidentiality Agreement in Cryptocurrency Legal Battle
Terraform Labs and the United States Securities and Exchange Commission (SEC) have reached an agreement on a protective order in their ongoing civil case. The order, finalized by U.S. District Court Judge Jed…
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1 year, 5 months agoHong Kong Regulators Embrace Spot Crypto ETFs, Encouraging Market Growth
Hong Kong’s Securities and Futures Commission (SFC) and the Monetary Authority (HKMA) have announced that they are ready to accept applications for spot crypto exchange-traded funds (ETFs). In a circular released o…
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1 year, 5 months agoRipple CEO Accuses SEC Chairman of Hypocrisy in Cryptocurrency Regulation
In a recent development, Ripple CEO Bradley Kent Garlinghouse has publicly criticized Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), accusing him of hypocrisy in his…
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1 year, 5 months agoHong Kong Regulators Open to Applications for Spot Crypto ETFs
Hong Kong regulators have announced that they are open to considering applications for spot crypto exchange-traded funds (ETFs). The Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA)…
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1 year, 5 months agoSwiss Banks Concerned About Russian Ties and Money Laundering Risks
Swiss banks are facing concerns over their vulnerability to criticism and potential legal action due to their dealings with Russian clients. The US Department of Justice (DoJ) is currently investigating whether UBS…
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1 year, 5 months agoBank of China Executes First Precious Metal Trade Using Digital Yuan
The Bank of China’s Shanghai division has successfully completed its first transaction involving precious metals using China’s official central bank digital currency (CBDC), the digital yuan. The transaction, wor…
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1 year, 5 months agoSwiss Crypto Bank Sygnum Forms Strategic Partnership with Lugano-based Aquila GVM Consulting
Lugano has emerged as one of Switzerland’s most important crypto and blockchain hubs. Two Swiss financial institutions have now formed a strategic partnership there. Recently, Lugano, the largest city in the c…
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1 year, 5 months agoDeutsche Bank Discovers Thousands of Unresolved Complaints at Postbank
Deutschland’s largest credit institution has discovered thousands of forgotten and unresolved complaints at its subsidiary, Postbank. This backlog of customer complaints has emerged months after the German bank p…
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1 year, 5 months agoJulius Bär Faces Rating Downgrade Due to Benko Loans: CFO Under Scrutiny
Julius Bär, a Swiss private bank, has experienced a downgrade in its rating due to hundreds of millions of loans to Benko. This downgrade directly impacts the bank’s profitability as it will have to pay more for bo…
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1 year, 5 months agoFinancier Bismark Badilla Sentenced to 6 Years for Massive Fraud Scheme
A Zurich court has handed down a significant verdict in one of the city’s largest financial fraud cases. Financier Bismark Badilla has been sentenced to six years in prison for “systematic fraud” and multiple count…
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1 year, 5 months agoSwiss Private Bank Julius Baer Under Investigation for Inadequate Risk Controls
The Swiss private bank Julius Bär is under investigation by the Swiss Financial Market Supervisory Authority (FINMA) for inadequate risk control structures that contributed to the bank’s involvement with ba…
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1 year, 5 months agoCoinbase Receives Regulatory Approval to Expand Crypto Services in France
Coinbase, the US-based cryptocurrency exchange, has received regulatory approval from the French regulator Autorité des Marchés Financiers (AMF) to offer its crypto exchange services and products in France. This a…
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1 year, 5 months agoSwiss Banker Pleads Guilty to Hiding Millions in Offshore Accounts
A Swiss banker has pleaded guilty in the United States to hiding over $60 million in secret accounts from tax authorities through opaque channels.The Swiss banker admitted to conspiring to defraud the United States…
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1 year, 5 months agoMastercard Partners with Fideum Group to Drive Crypto Integration in Finance
Mastercard has announced its support for Fideum Group’s vision to merge cryptocurrency with traditional finance. Fideum aims to leverage Mastercard’s global network to expedite the integration of digital assets int…
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1 year, 5 months agoArgentina Takes a Bold Step Towards Bitcoin Adoption
Argentina has authorized the use of Bitcoin for contracts, signaling a potential shift towards accepting it as a legal currency. This move reflects the growing trend in Latin America of turning to cryptocurrencies…
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1 year, 5 months agoCoinbase Secures Virtual Asset Service Provider Status in France, Expanding European Presence
Coinbase, one of the largest cryptocurrency exchanges, has obtained virtual asset service provider (VASP) status in France, allowing it to expand its operations in Europe. The company has registered with France’s A…
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1 year, 5 months agoThe Impact of DigiCash: Paving the Way for Online Shopping
The concept of using the Internet as a marketplace faced initial challenges in implementation. As the Internet became more accessible, the demand for secure online transactions grew. However, convincing users about…
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1 year, 5 months agoCircle Expands into European Market with French Regulatory Approval
Circle, the US company behind the USDC stablecoin, has expanded its operations into the European market by registering as a digital asset service provider (DASP) in France. To begin its operations in France, Circle…
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1 year, 5 months agoSEC Holds Joint Conference Call with Bitcoin ETF Applicants: Cash Creation Model Required
The US Securities and Exchange Commission (SEC) is reportedly holding a joint conference call with applicants for a spot Bitcoin exchange-traded fund (ETF). According to reports from Fox Business correspondents,…
