BNY Mellon Urges Ireland to Adopt Crypto Rules Before EU Regulations, Report ...
As authorities in the EU are still discussing union-wide cryptocurrency regulations, a major U.S. bank has reportedly lobbied the Irish government to adopt its own rules for the space. BNY Mellon launched its digital asset business in Ireland this year to provide custodian services to institutional investors. Banking Giant BNY Mellon Calls for Irish Crypto Regulations U.S. banking corporation BNY Mellon, which established a crypto unit in Ireland this spring, has urged the country’s finance ministry to introduce crypto regulations while the EU rules for the space are....
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U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared to lose money. BNY Mellon to Provide Custody for Digital Assets Through Dublin-based Unit Following a decision to enter the cryptocurrency space announced in February, the Bank of New York Mellon has now created a “Digital Innovation Hub” in Dublin. The unit will act as a custodian for....
America’s oldest bank, the Bank of New York Mellon Corporation, commonly known as BNY Mellon, has announced the financial institution can now custody cryptocurrencies. A report published by the Wall Street Journal on Tuesday, says BNY Mellon was approved by the New York State Department of Financial Services (DFS), and the bank said it was the first of eight financial heavyweights to start crypto asset custody services.
BNY Mellon to Start Custody Services for Bitcoin and Ethereum on Behalf of Its Customers
Last fall, New York’s financial regulator DFS gave BNY....
To facilitate the development and implementation of the Blockchain technology in Ireland, a non-profit advocacy group called the Blockchain Association of Ireland (BAI) will launch on Dec. 14. Reuben Godfrey, the co-director of the BAI, stated that the organization will bridge the gap between startups and large-scale institutions to establish Ireland as a global FinTech hub. Dealing with regulations and frameworks. One of the major aspects of Blockchain implementation which most startups and corporations struggle to deal with is regulatory conflicts. Because the Blockchain technology is a....
The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” said the commissioner. EU Commissioner Calls on U.S. Lawmakers to Establish New Crypto Rules Mairead McGuinness, the European Commission’s commissioner for financial services, talked about cryptocurrency regulation in an interview with the Financial Times, published Tuesday. Referencing the Markets in Crypto-Assets....
The Central Bank of Ireland has provided regulatory approval to Gemini, a cryptocurrency exchange. Gemini will now be able to extend crypto services in Ireland. The exchange is situated in Ireland (Dublin), it established its headquarters there in the year 2021. After a thorough review of the security and compliance programmes, this license was granted […]