Union Bank of Philippines to Offer Crypto Trading and Custodial Services

One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custodial services. “It’s a way to future-proof our banking business,” said a Unionbank executive. Philippines’ Unionbank to Offer Crypto Trading and Custodial Services Union Bank of the Philippines (UBP), also known as Unionbank, plans to offer cryptocurrency trading and custodial … Read moreUnion Bank of Philippines to Offer Crypto Trading and Custodial Services

Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining

True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central … Read moreBank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining

Bitmex Acquiring German Bank to Create ‘Regulated Crypto Powerhouse’ in Europe

Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.” Bitmex Plans to Become a Regulated Crypto Powerhouse Cryptocurrency exchange Bitmex announced Tuesday a purchase agreement of Bankhaus von der Heydt, a German bank … Read moreBitmex Acquiring German Bank to Create ‘Regulated Crypto Powerhouse’ in Europe