BIS Warns Crypto Self-Custody Could Become New AML Loophole
A new Bank of International Settlement (BIS) paper argues that self-custodied crypto could become the next weak point in anti-money laundering enforcement if regulators tighten rules around other payment rails without closing the gap around user-controlled wallets. The core concern is straightforward: when one channel becomes harder to use, illicit flows do not disappear. They […]
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US Bancorp is relaunching its Bitcoin (BTC) custody services for institutional investment managers following recent regulatory developments in the US. Related Reading: Insufficient Stablecoin Supervision? Nobel Economics Laureate Warns Of Potential Financial Crisis US Bancorp Resumes Bitcoin Custody For Fund Managers On Wednesday, US Bancorp announced that it has relaunched its offering of crypto custody […]
PRESS RELEASE. The leading blockchain-based global point integration platform, ASSEMBLE Protocol has announced that its utility token ASM has been added to Coinbase Custody. This means that ASM will receive a cold-storage custody solution from one of the largest custodians in the crypto sphere, Coinbase Custody. Coinbase Custody to provide cold-storage custody support for ASM The support of the ASM on Coinbase Custody has been officially confirmed by the Coinbase Institutional on 3rd May 5 PM PDT, that has been revealed in their Twitter handle. According to their tweet, Coinbase Custody....
The leading blockchain-based global point integration platform, ASSEMBLE Protocol has announced that its utility token ASM has been added to Coinbase Custody. This means that ASM will receive a cold-storage custody solution from one of the largest custodians in the crypto sphere, Coinbase Custody. Coinbase Custody To Provide Cold-Storage Custody Support For ASM The support […]
A new kind of custody could help alleviate issues presented by third-party custody like exchanges and first-party custody like hardware wallets.
The Australia Securities Exchange says crypto investors in the country need to be mindful of the dangers of holding their cryptocurrencies on exchange platforms. The Australia Securities Exchange (ASX) has weighed in on the issue of crypto custody amid the ongoing discussions within the country’s Senate Select Committee on Financial Regulatory Technology.In a submission to the committee on July 16, ASX highlighted crypto custody on centralized exchanges as a significant risk factor for investors.The ASX submission outlined the implications of crypto exchange custody arguing that investors....