Standard Chartered Expands Crypto and Digital Asset Custody Services to Singapore

·1 views

Standard Chartered is launching institutional cryptocurrency and real-world asset custody services in Singapore. The offering will be available exclusively to institutional and accredited corporate investors. The expansion is contingent upon meeting local regulatory requirements. The move represents the bank's continued growth in the digital asset sector.

Read the full story at CoinDesk

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

Discussion (0)

Bitcoin Dips Below $83,000 Amid Debate Over AI Security Threat

Bitcoin's price fell below the $83,000 mark amidst a debate within the cryptocurrency community. The discussion was sparked by Ethereum researcher Justin Drake, who urged the sector to prepare for a potential future threat. He warned that advanced artificial intelligence could one day break the cryptography securing digital wallets. This call for a 'bunker mode' preparedness received mixed reactions from industry observers.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Greece plans 10% tax on cryptocurrency capital gains starting November

The Greek government is preparing to introduce a capital gains tax on cryptocurrency holdings. A draft bill, set for parliamentary submission in November, will impose a 10% tax on profits from crypto assets. This new tax will include an annual exemption for gains up to 500 euros (approximately $560). The move aims to regulate and integrate cryptocurrency transactions into the nation's tax framework.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Samsung adds USDC support for cross-border remittances for Galaxy users

Samsung announced it will integrate the USDC stablecoin into select Galaxy devices to facilitate cross-border remittances. The service is scheduled to launch in late October for eligible users. It will allow them to send USDC abroad or convert it to local currency payouts in over 60 countries. This move aims to overhaul and streamline international money transfers for Samsung's user base.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Crypto Firm Deus X Capital to Shut Down in January

The cryptocurrency investment firm Deus X Capital is closing its operations. The firm's backers have decided to pursue separate strategies, leading to the shutdown. CEO Tim Grant will transition to lead a new AI venture named TensorX. Chief Investment Officer Stuart Connolly will oversee the formal winding down of the firm's activities starting in January.

0 comments Read more at CoinDesk