THE LATEST CRYPTO NEWS FROM CNS FTX EU launches withdrawa | Crypto Never Sleeps Broad
THE LATEST CRYPTO NEWS FROM CNS
FTX EU launches withdrawal website to pay back European users
The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests.
It comes nearly five months after the global trading platform collapsed and went bankrupt in early November.
The new website domain name — https://ftxeurope.eu/ — was reportedly approved by the Cyprus Securities and Exchange Commission according to a report in Finance Magnates.
https://cointelegraph.com/news/ftx-eu-launches-withdrawal-website-to-pay-back-european-users
Australian ‘Big Four’ bank ANZ halts cash withdrawals from many branches
ANZ, one of Australia’s “Big Four” banks, will cease facilitating withdrawals and deposits from a number of its Australian branches as it looks to push its customers toward using an ever-dwindling number of ATMs and deposit machines.
The decision has received pushback, with critics such as Patricia Sparrow, CEO of the Council on the Ageing, telling The Australian that the change could disproportionately affect older people who are less capable of going digital. Others have suggested it would make fiat users more susceptible to technical issues. The move has also renewed fears of a push to eliminate cash and that cash could soon be replaced by central bank digital currencies (CBDCs).
https://cointelegraph.com/news/australian-big-4-bank-anz-halts-cash-withdrawals-from-many-branches
UK government announces ‘robust’ crypto regulation as part of economic crime plan
The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the country.
In a policy paper released on March 30, the U.K. Treasury and Home Office said it planned to “robustly” regulate crypto to fight illicit use of digital assets. The focus on regulation was part of the government’s economic crime plan from 2023 to 2026, which also included pooling “the knowledge and abilities of law enforcement agencies” to review and strengthen how crypto assets involved in legal proceedings may be seized and stored.
“These steps will be in keeping with our ambition to make the U.K. an attractive destination for cryptoassets and cryptoasset innovation in the world,” said the plan. “Challenging as it is, effective cryptoasset regulation benefits everyone, including consumers and firms.”
https://cointelegraph.com/news/uk-government-announces-robust-crypto-regulation-as-part-of-economic-crime-plan
Boerse Stuttgart Digital subsidiary receives final approval for crypto custody
Boerse Stuttgart Digital, the digital asset brand of the Boerse Stuttgart exchange group, announced March 30 that its blocknox service had received final licensing from the German Federal Financial Supervisory Authority (BaFin) to operate as a crypto custodian. Boerse Stuttgart Group now offers fully regulated brokerage, trading, and custody of digital assets, it said.
Its final licensing makes Boerse Stuttgart Digital the first “established market participant […] Licensed to hold cryptocurrencies in custody without any acquisitions,” Boerse Stuttgart Group CEO Matthias Voelkel said. Boerse Stuttgart Digital said European banks, brokers, asset managers and family offices could incorporate its services into their own offerings. It operates exchanges in Germany, Sweden and Switzerland and has an office in Ljubljana, Slovenia, as well.
https://cointelegraph.com/news/boerse-stuttgart-digital-subsidiary-receives-final-approval-for-crypto-custody
