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The German Federal Financial Supervisory Authority (BaFin) — the country’s financial regulator — has reportedly rejected Binance’s crypto custody license application.The news was first reported by Forward Finance, citing people familiar with the matter. Cryptox reached out to Binance to confirm the news, and a spokesperson from the firm said that
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"While we are unable to share details of conversations with regulators, we continue to work to comply with BaFin‘s requirements. As expected, this is a detailed and ongoing process. We are confident that we have the right team and measures in place to continue our discussions with regulators in Germany,”
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Ledger launched an institutional-grade trading network to meet the risk management and regulatory requirements of institutions. On June 28th, crypto custody company Ledger announced the launch of “Ledger Enterprise TRADELINK”, a custodial trading network for institutions aiming to revolutionize this segment. According to Ledger, the crypto wallet company has signed contracts
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The network has a range of partner firms, including Crypto.com, Bitstamp, Huobi, Wintermute and Komainu. Original Source
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EDX, a cryptocurrency exchange launched a week ago with the backing of traditional finance heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab, is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts
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Fireblocks’ cloud support comes at a time when more and more institutional investors and corporations are joining the crypto space. Blockchain security service provider, Fireblocks, has expanded its cloud service for crypto custody and settlement. According to the announcement, the service will now include Amazon Web Services (AWS), Google Cloud Platform,
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CACEIS Bank is one of the first European banks to obtain the DASP license. The CACEIS Bank has obtained a DASP license from the French financial regulator AMF. CACEIS Bank is a subsidiary of Santander and Credit Agricole that services assets for institutional and corporate clients. With the license, the bank
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CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has received a crypto custody license in France, according to the regulator's website on June 20. CACEIS claims to be a European leader in asset servicing, offering services from clearing and fund administration to middle office outsourcing for asset managers, insurance
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Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CryptoX. Source
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Coinbase Custody is a service offered by the crypto exchange that allows institutional investors to store large amounts of tokens, such as bitcoin, in a secure wallet. It will serve as the custodian for bitcoin held on BlackRock Bitcoin ETF, if the request is approved by regulators. Original Source
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