A&G, a Spanish private bank, has launched the country’s first local crypto hedge fund —Criptomonedas, F.I.L. This fund, overseen by Spain’s financial markets regulator, is intended for professional investors and provides a safer, more efficient alternative to spot trading in cryptocurrency.
Search Results for: Santander
JPM Coin Expands to Euro Transactions: Impact on Corporate Clients and Future Prospects
JPMorgan has expanded its JPM Coin blockchain payment service to include euro-denominated transactions for corporate clients, enabling 24/7 transfers between accounts globally. This provides an alternative to traditional methods and can lead to more effective liquidity management, particularly for major banks exploring blockchain technology for improved processes.
CACEIS Crypto Custody License: Balancing Security & France’s Tightening Regulations
CACEIS Bank, the asset servicing subsidiary of Crédit Agricole and Santander, acquires crypto custody license in France to store users’ private keys and increase institutional clients’ security. With a €2.4 trillion AUM, CACEIS avoids France’s impending stricter regulations while adhering to the EU’s MiCA legislation next year.
CACEIS Registers as Digital Asset Provider: Balancing Decentralization and Regulation in France
Credit Agricole’s CACEIS, a joint venture with Santander, recently registered as a digital asset services provider in France. The European Union has adopted the Markets in Crypto Assets (MiCA) framework, aiming to establish comprehensive regulations for cryptocurrencies in Europe, implementing environmental safeguards, supervisory provisions, and consumer protections. French market demonstrates openness to digital assets while balancing decentralization with stricter licensing requirements.
Bitcoin Surpasses $30,000: Factors Influencing the Rally and Future Predictions
Bitcoin surpasses $30,000 threshold for the second time this year, with altcoins like Stacks showing impressive gains. Institutional participation, such as BlackRock’s ETF application and CACEIS Bank’s crypto custody services, indicates a possible shift in traditional finance’s approach to digital assets, fueling optimism for the future of cryptocurrencies.
CACEIS Bank Enters Crypto Custody: Balancing Adoption and Decentralization
CACEIS, the asset servicing branch of Crédit Agricole and Santander, has been registered by the French Financial Markets Authority to provide cryptocurrency custody services, joining major financial institutions like Societe Generale’s Forge and AXA Investment Managers under advanced crypto regulatory frameworks.
Bitcoin and Ether Rally Amid Equities Decline: What Lies Ahead for Crypto and Stocks
Cryptocurrencies experienced a rally with Bitcoin and Ether rising 5% and 3% respectively, while equities faced losses. Investors are anticipating signs of interest rate changes from the Federal Reserve. The upward trend in Bitcoin’s price and increased institutional interest signal a potential shift in sentiment towards cryptocurrency’s longevity, although caution is advised due to market volatility.
Brazil’s CBDC Pilot Project: Nubank and Crypto Firms Invited, Changing the Financial Landscape
The Brazilian Central Bank has selected crypto-friendly neobank Nubank among other firms for its central bank digital currency (CBDC) pilot project. The move signals a shift in attitude and possible recognition of incorporating crypto-related businesses in the development of a CBDC.