Crypto Bank Anchorage to Command $2B+ Valuation in New Funding Round, Sources Say

Cryptocurrency custody firm Anchorage is raising a large funding round that will value the San Francisco-based company at between $2 billion and $3 billion, according to four people familiar with the plans. “Anchorage is about to raise at a $3 billion valuation,” said one of the people, who asked not to be named. “They’re raising a big round and it’s based on the fact that financial institutions are looking to enter this space.” Another industry insider said the valuation could land in the $2 billion to $3 billion range. The…

DBS Bank joins Hedera blockchain’s governing council

The Hedera Governing Council has welcomed Singapore’s oldest bank, DBS Bank, as its newest member, making it the first Southeast Asian lender to join the worldwide Hyperledger organization. DBS Bank, a member of the advisory council on fintech, has joined the blockchain council alongside 39 other major technology, corporate and nonprofit leaders, including Google, IBM, Boeing, Deutsche Telekom, the University of London, Dentons and LG Electronics, among others. The Asian lender may acquire value from Hedera’s innovative enterprise blockchain platform while also influencing it by providing input on real-world business…

European Central Bank announces digital euro advisory group members

The European Central Bank (ECB) has announced the formation of a Market Advisory Group for the purpose of exploring the infrastructural and circulation potential of the digital euro from the perspective of industry spearheads. The group also aims to uncover the digital euros optimal function within the pan-European currency’s vast payments ecosystem.  The group includes a number of well-established experts from the banking and financial sector, including Aleksander Kurtevski, managing director of Bankart, Antonio Macías Vecino, head of payments discipline at BBVA and Axel Schaefer, payment regulation and innovation specialist…

Bank of Spain Opens Registry for Crypto Service Providers

CryptoX – Cryptocurrency Analysis and News Portal The Bank of Spain has now made it clear that they do: “The obligation to register in this registry applies to all natural or legal persons who are in any of the above cases and provide virtual currency exchange services for fiduciary currency and custody of electronic purses, regardless of whether they are also registered in other administrative records in the Bank of Spain or in other competent authorities,” it said in a statement. Source The post Bank of Spain Opens Registry for…

Bank of Spain issues registration guidelines for crypto services

The central bank of Spain is introducing new registration guidelines for local virtual currency service providers, or VASPs, including banking institutions. The Bank of Spain has issued instructions on VASP registration for Anti-Money Laundering, or AML, purposes, requiring institutions to submit their registration requests through an electronic registry, Cointelegraph en Español reported on Monday. Issuing the guidelines on Oct. 19, the Spanish central bank noted that the obligation to sign up in the registry applies to “all individuals and institutions providing virtual currency exchange services” like cryptocurrency trading and custody services.…

Bank of Spain Opens Registry for Crypto-Service Providers

After months of waiting, the Bank of Spain has finally issued instructions on how to register to offer crypto-related services in the country. Institutions are instructed to apply through an electronic registry, after which the central bank will take up to three months to consider the application. The process was first announced by Spain’s central bank in June, with a promise that instructions on how to proceed would be issued in due course. These instructions have now finally arrived. Much of the uncertainty related to whether existing mainstream financial institutions,…

Bank of Spain Opens Mandatory Registry for VASPs – Bitcoin News

The Bank Of Spain has finally opened the mandatory registry for Virtual Asset Service Providers (VASPs) in the country. The bank also dispelled doubts that financial institutions had regarding whether they had to apply for the registry given they already comply with AML legislation. All institutions and persons must apply for the registry if they want to provide crypto-related services in Spain. Registry Opened for VASPs The Bank of Spain has finally opened the registry for Virtual Asset Service Providers (VASPs) in the country and clarified its scope…

Bank of Spain Opens Mandatory Registry for VASPs – Bitcoin News

The Bank Of Spain has finally opened the mandatory registry for Virtual Asset Service Providers (VASPs) in the country. The bank also dispelled doubts that financial institutions had regarding whether they had to apply for the registry given they already comply with AML legislation. All institutions and persons must apply for the registry if they want to provide crypto-related services in Spain. Registry Opened for VASPs The Bank of Spain has finally opened the registry for Virtual Asset Service Providers (VASPs) in the country and clarified its scope…

Colombian Government Might Take Unused Funds From Bank Accounts Inactive for a Year – Bitcoin News

The budget law for the next year, which was recently approved by the Colombian representative’s chamber, includes a controversial article that allows the state to confiscate a bank customer’s funds to be used for budgetary purposes. Under certain circumstances defined by the law, these could funds may be retrieved if the account holders’ prove their ownership. Colombian Government Craving Unused Funds The new budget law that was approved last week via an express vote by Colombian legislators, has introduced a controversial change, allowing the government to take a…