ContributorsPublishersAdvertisers

#Digital Assets

ledgerinsights.com

Goldman, Santander, UBS in trial of blockchain repo settlement with Fnality, HQLAᵡ

Today it was announced that blockchain settlement platform Fnality and DLT collateral management solution HQLAᵡ tested a repo transaction with Banco Santander, Goldman Sachs and UBS. Banks use repurchase transactions (repo) to ensure they have the appropriate amount of liquidity, but settlement usually takes two days. Enabling speedy settlement with on-chain money and collateral means that intraday repo transactions can be supported across multiple banks.
Picture for Goldman, Santander, UBS in trial of blockchain repo settlement with Fnality, HQLAᵡ
whatsnew2day.com

How to Invest in Private Securities and Digital Assets

Private securities and digital assets are investments that are not traded on public stock exchanges. They can include alternative investments such as venture capital, private equity, hedge funds, real estate, and even cryptocurrency. These investments offer investors the potential for higher returns than traditional investments but can also come with greater risks.
Picture for How to Invest in Private Securities and Digital Assets
verifiedngnews.com

FG says You’ll Soon be Paying Tax on Cryptocurrency, Digital Assets – Raphblog

Nigeria (CBN) directed banks to close accounts of persons or entities involved in cryptocurrency transacti..." name="twitter:description"/>. Back in 2021, the Central Bank of Nigeria (CBN) directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. I remember, Kuda bank and some other commercial banks shut down alots of accounts due to the directives.The apex bank further urged citizens to desist from crypto assets, warning that they are used to fund illegal dealings.
Picture for FG says You’ll Soon be Paying Tax on Cryptocurrency, Digital Assets – Raphblog
yomiprof.net

Just IN: You’ll Soon be Paying Tax on Cryptocurrency, Digital Assets – FG

Back in 2021, the Central Bank of Nigeria (CBN) directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. I remember, Kuda bank and some other commercial banks shut down alots of accounts due to the directives. The apex bank further urged citizens to...
investorsking.com

FG to Start Imposing Tax on Crypto Traders By 2023

The Federal Government through the Minister of Finance, Budget and National Planning, Zainab Ahmed has said there is a provision to start imposing taxes on cryptocurrency and other digital assets investing in the 2022 finance bill. A statement signed late Thursday by the Senior Special Assistant to the Vice President...
newswatchtv.com

Unlike Aave and Litecoin, Big Eyes Coin is Promoting the Non-collateralization of Digital Assets

Interest in cryptocurrencies is high; it is a hot topic among users and in popular culture. However, the industry is still young and developing. Long-term forecasting is challenging, but industry professionals will soon watch developments like institutional acceptance of cryptocurrency payments and regulation to try and gain a better understanding of the business.
compsmag.com

In the 2022 Finance Bill, FG will tax cryptocurrencies

Under Chargeable Assets, the bill also contains an amendment that reads, “Subject to any exceptions provided by this Act, all forms of property shall be assets for the purposes of this Act, whether situated in Nigeria or not, including Options, debts, digital assets, and incorporeal property generally.”. The Finance...
crowell.com

Staying Warm in a Crypto Winter

In June, the crypto world saw the first signs of concern as cryptocurrency exchange Cred filed for bankruptcy. Since then, Crowell’s Digital Assets and Bankruptcy, Restructuring, and Insolvency teams have worked together counseling parties on their relative rights in these bankruptcy cases as well as assisting buyer and sellers of related claims. The news has only snowballed, and our Crypto Digest Blog has tracked the fast-moving crypto winter. In addition to client questions, our team has been quoted in The Wall Street Journal, Yahoo Finance, MarketWatch, CoinDesk, protocol, and The Journal of Bankruptcy Law.
chicagopopular.com

FIS Challenges Nearly 200 Startups to Pitch their Boldest Ideas in First APAC Fintech Competition

JACKSONVILLE, Florida–(COMMERCIAL THREAD)–World leader in financial technology FISI® (NYSE:FIS) today announced the expansion of its annual InnovateIN48 fintech competition to include early-stage fintech startups in the APAC region. Originally an employee-based innovation competition in 2013, FIS expanded the InnovateIN48 program to students in 2021. InnovateIN48-Partner Edition This is the first time the company has hosted a startup idea competition in the APAC region.
FLORIDA STATE
99newser.com

Amid Crypto Carnage, CFP Board Urges Caution on Digital Assets

The CFP Board is putting advisors on notice: Certified Financial Planners can advise clients on cryptocurrency-related assets, but they “should do so with caution.”. The board issued that guidance in a Dec. 1 notice, which lands amid turmoil in crypto markets. Prices for Bitcoin and other cryptocurrencies have plummeted over the past year. Last month, cryptocurrency exchange FTX filed for bankruptcy. Its collapse left stranded what are likely billions of dollars of customer funds and was a factor in this week’s bankruptcy of crypto lender BlockFi.
thecoinrise.com

Digital Assets Could Provide an Additional $40B to Australia’s GDP – Report

Digital Assets could potentially transform the lives of Australians and also spell good fortune for the nation by improving the nation’s GDP. According to a recent report by the Tech Council of Australia (TCA), one of the major technology advocacy groups in the country, and Accenture, a technology consulting firm, the digital asset sector could contribute about $40 billion (AU$60 billion) a year to the nation’s GDP by 2030 with the right regulatory framework in place.
financefeeds.com

IG Group launches tastycrypto and self-custody digital wallet

IG Group North America has announced the newly formed tasty Software Solutions, LLC, a technology company dedicated to building software that provides users access to opportunities across digital assets, web3, and decentralized finance. tasty Software Solutions has launched the tastytcrypto brand, IG’s digital asset trading face which has unveiled the...
todayuknews.com

TP ICAP Gains UK Registration for Institutional Crypto Exchange

TP ICAP’s wholesale exchange for crypto assets, Fusion Digital Assets, has registered with the Financial Conduct Authority (FCA. ), allowing the platform to operate in the United Kingdom. Announced on Thursday, TP ICAP is yet to launch its crypto exchange services though it confirmed the upcoming services in mid-2021....