South Korea Wants Companies to Disclose Crypto Holdings
Companies that issue or own crypto will have to make disclosures in their financial statements from next year onwards, say draft rules. Source
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Saxo Bank obliged to get rid of crypto holdings by Danish authorities
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a move aimed at tightening regulations in the cryptocurrency sector, Danish financial regulators have taken action against cryptocurrency service providers, specifically targeting local banks from holding cryptocurrency assets as a means of mitigating trading risks. The
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Denmark orders Saxo Bank to erase cryptocurrency holdings
Financial regulators in Denmark are coming after cryptocurrency service providers, declaring that local banks are not allowed to hold cryptocurrency to hedge against trading risks.On July 4, the Danish Financial Supervisory Authority (DFSA) officially ordered the local investment bank Saxo bank to dispose of its own holdings in crypto.The regulator
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Saxo Bank Ordered by Danish Financial Watchdog to Shed Its Crypto Holdings
"Saxo Bank A/S' trading in crypto assets for its own account has taken place in order to cover risks in connection with the offering of other financial products," the statement said. "However, this does not change the fact that the activity, in itself, is not permitted for Danish financial institutions
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OKX’s monthly reserves report shows over $11.3b in crypto holdings
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto exchange OKX, a well-known exchange, has published its eighth consecutive monthly report on proof-of-reserves (PoR). The report reveals the balances of BTC, ETH, and USDT held by OKX, totaling a significant amount of $11.3 billion. According
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BTC Holdings in One Coinbase Custody Wallet Jumped 2.5K After BLK’s ETF Filing
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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Crypto Lender MakerDAO Boosts U.S. Treasury Holdings With $700M Purchase to Strengthen DAI Stablecoin Backing
The platform is undergoing a restructuring that includes breaking up its structure into smaller, autonomous units called SubDAOs and investing in yield-generating, real-world assets to boost protocol revenue at a time when demand for crypto lending is modest. Source
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Ripple CTO says large XRP holdings does not make it centralized
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recently, a tweet from David Schwartz, the chief technology officer (CTO) at Ripple, sparked a debate about the decentralization of XRP and Ripple’s influence over it. Schwartz’s tweet was a response to a user’s comment about
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EU’s Leaked Digital Euro Bill Outlaws Interest, Large Holdings, Programmability
The central bank digital currency must be usable offline from day 1 to safeguard privacy, the draft law says. Source
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Marathon Digital Holdings mined $33.8 million of bitcoin in May
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Marathon Digital Holdings, Inc., a bitcoin mining and blockchain technology company, shared updates regarding its bitcoin production and mining operations for May 2023. The firm also revealed that it mined 1,245 bitcoin (BTC) in May, a
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