Wyoming Unveils First-Ever Crypto Custody Rules for ‘Blockchain Banks’

Wyoming Unveils First-Ever Crypto Custody Rules for ‘Blockchain Banks’

Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as cryptocurrency forks, airdrops and staking. The United States’ state of Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops and staking. The rules were announced during the Fordham Law Blockchain Regulatory Symposium in New York on Nov. 11, according to a thread of tweets published by…

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Regulated Swiss Crypto Bank SEBA Opens Doors

Regulated Swiss Crypto Bank SEBA Opens Doors

Regulated Swiss cryptocurrency bank SEBA is now fully operational for professional investors and enterprise clients. Switzerland-based cryptocurrency bank SEBA has launched its services for professional investors and enterprise clients, according to an official news release published on Nov. 12.As reported, SEBA Bank AG (formerly SEBA Crypto AG) is a fully-regulated institution, having secured a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August of this year.A fully-fledged, regulated…

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HCM Capital Expects China’s Digital Currency to Launch in 2-3 Months

HCM Capital Expects China’s Digital Currency to Launch in 2-3 Months

China’s digital currency will launch in two to three months, said founding managing partner of HCM Capital Jack Lee. Founding managing partner of HCM Capital, the private equity arm of electronics manufacturer Foxconn, Jack Lee, says China’s Central Bank Digital Currency (CBDC) is ready and expects it to launch in two to three months. During an interview with CNBC published on Nov. 11, Lee also suggested that the People’s Bank of China (PBoC) will use…

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