PYMNTS-MonitorEdge-May-2024

digital assets

Hong Kong’s Genesis Block Stops Trading and Will Close OTC Portal 
Hong Kong’s Genesis Block Stops Trading and Will Close OTC Portal 
November 18, 2022  |  Cryptocurrency

Hong Kong-based cryptocurrency retail service provider Genesis Block has reportedly ceased trading, asked its customers to withdraw their funds and told them it would close its over-the-counter...

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TCH: Consumers Want Bank Stablecoins but Regulators Block the Path
TCH: Consumers Want Bank Stablecoins but Regulators Block the Path
November 18, 2022  |  Cryptocurrency

FTX’s meltdown and crypto’s whipsaw gyrations continue to shake retail investors, many of whom will be wiped out. Institutional investors are shying away from the...

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FV Debuts Puerto Rico’s 1st Bank-Based Digital Asset Custody Service
FV Debuts Puerto Rico’s 1st Bank-Based Digital Asset Custody Service
November 09, 2022  |  Cryptocurrency

Puerto Rico’s FV Bank has launched digital asset custody and settlement services for clients around the world, becoming the first bank in the commonwealth to...

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User Experience Must Improve for Crypto to Gain Cross-Border Payments Use
User Experience Must Improve for Crypto to Gain Cross-Border Payments Use
November 09, 2022  |  Cryptocurrency

Whether you’re talking about remittances sent home by migrant workers or other larger sums moving from one country to another, cross-border payments are the part...

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Russian Central Bank Eyes Digital Asset Rules
Russian Central Bank Eyes Digital Asset Rules
November 08, 2022  |  Regulation

Russia’s central bank is reportedly considering new regulations and rules for taxing non-fungible tokens (NFTs), smart contracts and trading digital assets.  The Bank of Russia...

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Israel Eyes Blockchain Bonds To Streamline Debt-based Securities Issuance
Israel Eyes Blockchain Bonds To Streamline Debt-based Securities Issuance
November 02, 2022  |  Blockchain / Distributed Ledger

The Tel Aviv Stock Exchange (TASE) has recently signaled its interest in exploring innovative use cases for distributed ledger technology (DLT) in financial markets. Upon...

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Fidelity Ups Digital Asset Hiring as Crypto Firms Struggle
Fidelity Ups Digital Asset Hiring as Crypto Firms Struggle
October 23, 2022  |  Cryptocurrency

Fidelity Investments will hire 100 more workers for its digital assets operations as it expands on its efforts to lure talent away from struggling crypto...

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JPMorgan Taps Former Celsius Exec to Lead Digital Assets Despite Dimon Diss
JPMorgan Taps Former Celsius Exec to Lead Digital Assets Despite Dimon Diss
October 19, 2022  |  Personnel

A former executive at bankrupt crypto lender Celsius is joining JPMorgan Chase & Co. as the new head of digital assets regulatory policy, just weeks...

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BNY Mellon Leads Big Banks Into Crypto Custody
BNY Mellon Leads Big Banks Into Crypto Custody
October 11, 2022  |  Cryptocurrency

Bank of New York Mellon announced that it is offering cryptocurrency custody services for clients, bringing digital assets into the fold alongside the trillions of...

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