BRUSSELS, Belgium – The European Commission is back on track to publish legislation on a digital euro on June 28, after the controversial topic was previously removed from the executive’s agenda, the bloc’s lead financial services official said on Tuesday. Source
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. Source
The world of digital asset trading is rapidly evolving, and decentralized exchanges (DEXs) are becoming more popular as a way to trade assets in a peer-to-peer manner without relying on a centralized intermediary. However, the potential of these exchanges has been limited by the lack of effective technology to power them. Decentralized exchanges (DEXs) are a type of cryptocurrency exchange that operates on a distributed network, without the need for a central authority or intermediary. In contrast to centralized exchanges, which rely on a central authority to manage user data…
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 cryptocurrencies. The move is part of the bank’s broader strategy to diversify its revenue streams and enhance its corporate banking unit’s fee income. David Lynne, the head of Deutsche Bank’s commercial banking unit, confirmed the application during a recent conference.…
Germany’s largest banking institution, Deutsche Bank, has reportedly applied for a digital asset custody license to the country’s financial regulator, the Federal Financial Supervisory Authority, or BaFin, in a bid to expand its revenue streams, Bloomberg reported. This comes after a similar shift from the bank’s investment arm, DWS Group, and aims to expand on digital asset custody services, including cryptocurrencies. DWS Group had previously indicated an interest in investing in two German crypto firms. Companies negotiating with DWS Group included Deutsche Digital Assets, a crypto exchange-traded products provider, and market maker…
The world of NFTs has fallen prey to an unexpected wave of school-age cyber bandits, orchestrating intricate phishing scams that have netted them millions in stolen assets. The digital finance platform Orbiter Finance was victimized last month when a false journalist impersonating an employee of a cryptocurrency news outlet deceived a Discord moderator. This ruse allowed the false journalist to gain control of the Discord server, limiting administrators’ abilities and preventing community members from messaging. The infiltrator used this control to promote a fictitious airdrop event, directing users to a…
Slovakia will codify the right to use cash as a method of payment after a vote to amend the nation’s constitution passed in parliament on June 15. The new legislation was sponsored by the Sme Rodina party, also known as the “We Are Family” party, and was reportedly drafted as a precautionary measure against the proposed digital euro. Per a report from European news agency Euractiv, legislator Miloš Svrček, one of the legislation’s co-authors, told members of parliament during a debate that the amendment was necessary to protect Slovakia’s financial…
A bill covering privacy and distribution of the central bank digital currency, originally scheduled for June 28, will be delayed Source
The Bank of England (BOE) has made progress towards launching its digital currency after conducting a year-long investigation that highlighted the numerous opportunities presented by digital currency technology. BoE, digital pound, and Project Rosalind In collaboration with the Bank for International Settlements (BIS), the BoE initiated Project Rosalind to explore the potential advantages and feasibility of a central bank digital currency (CBDC). On June 16, the BIS unveiled the first part of the trial’s findings, indicating that a CBDC could facilitate faster individual payments, enable businesses to develop innovative financial…
The platform will allow for users to set up fully regulated on-chain funds. Source