Julius Baer Hires Crypto Veteran Amidst Broad Reorganization Julius Baer, a Swiss wealth management giant, is making strategic moves into the digital asset space while undergoing a significant reorganization under new CEO Stefan Bollinger. Cost-cutting measures: $120 million annual savings, 400 job cuts Strategic hiring: Michael Martin, crypto veteran, to advise on digital assets Financial […]
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Kazakhstan MP Proposes Crypto Bank to Regulate Massive Gray Market Kazakhstan is taking bold steps to regulate its sprawling cryptocurrency gray market, with a parliament member proposing the establishment of a “crypto bank.” This move aims to bring 90% of currently unregulated crypto operations into a legal framework. 90% of crypto operations in Kazakhstan are […]
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Malaysia’s Central Bank Plans to Support Asset Tokenization and Explore Digital Asset Technologies in 2025 Malaysia’s financial landscape is set for a digital transformation as its central bank, Bank Negara Malaysia (BNM), announces bold plans for 2025. BNM to explore asset tokenization and digital assets in 2025 Plans to issue discussion paper and utilize Regulatory […]
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Nigerian Banks Urged to Embrace Digital Assets Amid Regulatory Shifts Nigeria’s digital asset market is booming, yet banks are lagging behind due to regulatory concerns. A recent KPMG report, in collaboration with Chainalysis, urges Nigerian banks to step up and embrace digital assets to stay competitive. 25% increase in digital asset value received in Nigeria. […]
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Crypto Market Maker Keyrock Expands to U.S. with New Entity, Opens New York Office In a bold move signaling the blurring lines between traditional finance and digital assets, Keyrock, a leading crypto market maker, has set its sights on the U.S. market, launching a new entity and opening an office in New York. Keyrock launches […]
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Bank of Russia’s Cautious Crypto Experiment: A New Dawn for Qualified Investors The Bank of Russia has launched a three-year experiment allowing wealthy investors with over $1.1 million in securities and deposits to trade cryptocurrencies like Bitcoin. This move marks a cautious step towards embracing digital assets, with strict oversight and risk management in place. […]
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Olshan white collar litigation partner Robert Appleton is set to participate in a pivotal panel discussion at the upcoming Offshore Disputes Week in Grand Cayman. The event, taking place on March 26 at the Hotel Indigo Grand Cayman, will bring together legal experts and professionals from across the globe to explore critical trends in digital […]
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Nigeria Moves to Tax Digital Assets Amid Regulatory Crackdown Nigeria is set to tax digital assets by the end of March, spearheaded by the Securities and Exchange Commission (SEC) to integrate these assets into the formal economy. This move is part of a broader regulatory crackdown on offshore exchanges, pushing for a shift towards regulated […]
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Senate Banking Committee to Hold Crypto Hearing Next Week: A Step Towards Regulatory Clarity Next Wednesday, the Senate Committee on Banking, Housing, and Urban Affairs will dive into the world of digital assets with a hearing titled “Exploring Bipartisan Legislative Frameworks for Digital Assets.” This event marks a crucial moment for the crypto community as […]
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Utah’s Bold Leap into Bitcoin: House Bill 230 Advances Could Bitcoin soon become a staple in state treasuries across the US? Utah’s Senate Revenue and Taxation Committee has taken a significant step toward that reality, passing House Bill 230 (HB230) with a 4-2-1 vote. This move marks a pivotal moment in the state’s journey to […]
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