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US lawmakers propose bills to hold bank execs accountable for failures and address risks

Democrats with the United States House Financial Services Committee have introduced several bills in what they described as the “first wave” of legislation aimed at addressing failures at major banks.In a June 21 announcement, committee ranking member Maxine Waters said House Democrats had backed 11 bills drafted in response to

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Binance Netherlands exit – Dutch Central Bank says registration failings are confidential

The details behind Binance’s failed efforts to register for a virtual asset service provider (VASP) license in the Netherlands will remain unclear due to confidentiality requirements of the central bank’s supervisory laws.Binance announced that it would terminate its services in the Netherlands on June 16 with immediate effect, having failed

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European Investment Bank uses blockchain for environmental bond

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Investment Bank (EIB) successfully priced its inaugural SEK 1 billion Climate Awareness Bond (CAB) today, leveraging the so|bond platform. Notably, the platform employs the Proof of Climate awaReness (PoCR) protocol, a novel blockchain validation logic

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Deutsche Bank Applies for Digital Asset License in Germany as TradFi Pushes Further Into Crypto

The digital asset custody platform, which Deutsche Bank said at the time would be launched in stages, would eventually allow users to buy and sell digital assets through prime brokers and even provide services such as taxation, valuation services and fund administration, lending, staking and voting, and more. Original Source

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Deutsche Bank crypto plans aid Bitcoin price trip to $27.5K June highs

Bitcoin (BTC) achieved new highs for the month after the June 20 Wall Street open as observers stayed cautious on market strength.BTC/USD 1-day chart. Source: TradingView“No meaningful trend shift” for Bitcoin yetData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $27,499 on Bitstamp.The pair saw its highest levels since

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Deutsche Bank awaits regulatory approval to offer digital asset custody services

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to a BNN Bloomberg report, Deutsche Bank — a leading global financial institution — has recently submitted an application to the German securities regulator, Bafin, seeking approval to provide custody services for digital assets, including

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Deutsche Bank Seek BaFin License to Provide Crypto Custody Services

Deutsche Bank’s application for regulatory approval is a positive step toward the development of a regulatory framework for digital asset custody services in Germany. Deutsche Bank AG (ETR: DBK), one of the leading financial institutions in the world, is seeking regulatory approval from Germany’s financial market regulator, BaFin, to operate a

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