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Seba is raising nearly $120 million, in a bid to fuel its expansion outside of Switzerland. Zug-based Seba raised 110 million Swiss francs ($118 million) from a host of new and existing investors, it said in a statement on Wednesday. The round was…
Switzerland’s largest online bank is riding the crypto wave. Swissquote’s ambitions include setting up its own trading platform for digital currencies, sales manager Jan De Schepper said. Swissquote plans to open its own crypto exchange before the end of the…
The U.S. bank joins its peers in ramping up crypto-related efforts as client demand spikes Citi is awaiting regulatory approval to trade bitcoin futures on the Chicago Mercantile Exchange (CME), Coindesk reported on Wednesday, citing two sources, including…
The pilot will initially be conducted on a limited group under the BOT before it is expanded to the public, retail stores, banks and non-banking facilities. The Bank of Thailand is set to begin testing a retail central bank digital currency (CBDC) in the…
Vietnam leads globally in cryptocurrency adoption with 41 percent of respondents claiming to have bought Bitcoin and the like, according to a recent survey. Twenty percent of Vietnamese said they had purchased Bitcoin, the highest among 27 countries polled…
The U.S. Trade Representative’s office has determined that no tariff action is warranted against Vietnam after its central bank agreed to refrain from “competitive devaluation” of the dong. “I commend Vietnam for its commitment to addressing U.S. concerns…
J.P. Morgan has reportedly allowed all of its wealth management clients to access cryptocurrencies via funds. J.P. Morgan’s wealth management clients gained access to five crypto products, effective July 19. Four of the products are from Grayscale Investments…
Vietnam has pledged not to deliberately weaken its dong currency, reaching an agreement with the U.S. Treasury to make its monetary and exchange rate policies more transparent. The agreement, announced in a joint statement by Treasury Secretary Janet Yellen…
The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency. The State Bank of Vietnam will be in charge of studying and trialing the use of virtual…
The Hong Kong Monetary Authority is exploring the feasibility of issuing a digital currency for the city, joining central banking efforts worldwide to create electronic money. A paper exploring the feasibility of issuing a retail-focused central bank digital…
The Monetary Authority of Singapore (MAS) discussed the creation of a common platform for international payment settlements that will be more efficient than current arrangements. While there is growing global interest in the issuance of Central Bank Digital…
The bank banned customers of its online trading platform InvestDirect from adding MicroStrategy stock to their portfolios, calling them a «virtual currency product. HSBC has no appetite for direct exposure to virtual currencies [VCs] and limited appetite to…
The blue chip-focused Singapore sovereign wealth fund has invested in a crypto bank, in a signal that digital assets are here to stay. In an announcement on its blog last week, U.S.-based digital asset bank Anchorage said it raised $80 million in a Series C…
Google Pay is pretty big in the US, and starting this week it will get even bigger. Currently, thousands of banks and financial institutions offer customers support for Google Pay, so the 89 names added this week will probably feel like a grain in the sand.…
DBS’ plans for a digital exchange are still work in process, and have not received regulatory approvals. Until such time as approvals are in place, no further announcements will be made. DBS is planning to launch a crypto exchange that will allow four digital…
Swiss digital investment specialist Crypto Finance has opened a branch in the Lion City. The company sees itself as a provider of services to the banking industry. Crypto Finance’s representative office in Singapore opens this month and will be led by the…
