Germany’s largest federal bank is set to launch crypto custody services in collaboration with crypto exchange Bitpanda, targeting institutional and corporate clients. Germany’s biggest state-backed lender with over $350 billion in assets under management, Landesbank Baden-Württemberg (LBBW), will launch crypto custody services for its institutional and corporate clients in the second half of 2024 in a...
The U.S. District Court for the District of Wyoming dismissed Custodia Bank’s plea for a Federal Reserve master account. Custodia Bank, specializing in digital assets, has been seeking a master account from the Federal Reserve since 2020. The account, often described as “a bank account for banks,” is crucial for accessing the Fed’s payment systems. The Wyoming-based...
GEORGE TOWN: A retired headmaster who lost over RM35,000 to scammers says numerous charges were made to his debit and credit cards even after he asked the issuing banks to block all transactions. Ooi Eng Lye, 64, said he had taken immediate steps to stop further losses and said that the banks could have done better. He...
RECENTLY, messages have been going around social media and messaging apps claiming that those above 60 years old can go to a local bank to claim RM500 in cash. Is it true that senior citizens can claim the money simply by presenting their MyKad at Bank Simpanan Nasional (BSN) branches nationwide? According to Biar Betul, the fake...
In an op-ed on Bloomberg Law, Steven Merriman and Jim Vivenzio of Perkins Coie raised concerns over FinCEN’s latest move to crack down on crypto mixers. The Financial Crimes Enforcement Network (FinCEN) is pushing for financial institutions to impose new compliance measures in its latest reporting plan, focusing on crypto transactions involving” convertible virtual currency (CVC) mixing.” According to...
