Deutsche Bank Plans Asia Crypto Custody Expansion in 2027 as German Launch Nears

·1 views

Deutsche Bank is preparing to extend its cryptocurrency custody service into Asia in 2027, following the upcoming launch of the offering in Germany. The initial service will support bitcoin, ether, and the stablecoins USDC, EURC, and EURAU. Under the model, the bank will manage clients' wallets and the private keys that control them. The report does not provide further detail on the specific Asian markets or timing beyond the 2027 target.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Broadcom and Verizon Object to OKX-ICE Tokenized Stock Listings Under SEC Framework

Eight additional companies have objected to their shares being traded on the planned OKX-ICE venue under the SEC's tokenized stock framework. The objections come from issuers reacting to the proposed listing arrangement, with Broadcom and Verizon among those named. Separately, Nasdaq has said it would opt out of the SEC's framework. The pushback highlights resistance from issuers to the framework's approach to tokenized equities.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

White House crypto chief Patrick Witt announces departure

Patrick Witt, the White House's crypto chief, announced his departure from the administration last week. The source material does not detail the reasons behind his exit or who will succeed him. The announcement was covered in CoinDesk's State of Crypto newsletter. Further information about his replacement or future role has not been provided in the available text.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

VIX Spikes on Friday as Stocks Fall; Bitcoin Signals Calm Ahead

Wall Street's fear gauge, the VIX index, jumped on Friday as stock prices declined. Historically, market panic seen on Fridays has tended to ease by Monday. Seasonal patterns and relatively stable bitcoin prices point to a similar pattern this time. The article suggests investors may see the current anxiety subside when markets reopen next week.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Latvia Plans Crypto Tax Payments from 2027 Under New Parliamentary Overhaul

Latvia's parliament has approved legislation overhauling how cryptocurrency is taxed. Under the new law, liability is based on net withdrawals exceeding deposits rather than on each individual trade. The framework includes a one-time declaration mechanism for holders to report their positions. The rules are expected to take effect with tax payments beginning in 2027. The change marks a shift toward a simpler approach to taxing digital asset activity in the country.

0 comments Read more at CoinDesk