London-based ArchaxEx launches FCA-regulated crypto custody service. ianallison123 reports
U.K.-regulated cryptocurrency exchange Archax has launched a digital asset custody service with the blessing of regulators, as institutional crypto players button up their operations and try to rebuild trust in the sector.and its new custody business are among the few offerings to have cleared the Financial Conduct Authority’s high bar for firms dealing in digital assets.
“Events like FTX have highlighted the need for a more traditional approach to things,” said Archax Chief Marketing Officer Simon Barnby in an interview. “As an FCA-regulated custodian, we are permitted to hold cryptocurrencies, tokenized assets like funds or real estate, as well as traditional instruments and cash for our clients.”
The Archax custody service will further appeal to banks and big institutional customers by virtue of being partnered with
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange – Regulation Bitcoin NewsLawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.”
Leer más »
New York Regulator Investigating Crypto Exchange Gemini Over FDIC Claims: ReportThe NYDFS is reportedly investigating crypto exchange Gemini over claims it made related to the safety of its customers' assets. By JamieCrawleyCD.
Leer más »
Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions – Exchanges Bitcoin NewsRussian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited.
Leer más »
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian DollarsClients of crypto trading firm Cumberland DRW can now trade crypto denominated in Canadian dollars. The announcement comes a week after Cumberland partnered with registered Canadian crypto trading platform BitBuy to increase liquidity. By
Leer más »
FTX sues Voyager Digital to claw back $446 million in 2022 loan paymentsBankrupt crypto exchange FTX sued crypto lender Voyager Digital on Monday, seeking to claw back $445.8 million in loan repayments that FTX made before collapsing into bankruptcy in November 2022.
Leer más »