French banking giant Société Générale launches euro-backed stablecoin
EUR CoinVertible was listed on Bitstamp this week, making Société Générale the first regulated banking institution to issue its stablecoin to the masses.
EUR CoinVertible was listed on Bitstamp this week, making Société Générale the first regulated banking institution to issue its stablecoin to the masses.
The new Bitstamp registration brings the total number of licensed firms by the Financial Conduct Authority to 42 as the U.K. financial regulator doubles down on cracking down on bad actors.
Bistamp will allow banks and fintech companies in the Asia-Pacific region to customize its white-label “Bistamp-as-a-Service” offering to provide cutting-edge exchange services.
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.
Bitstamp stated that it is no longer proceeding with the plan, and all customers can continue to use the exchange without extra charges regardless of their balance or absence.
A 9.8% stake at Bitstamp is at the center of a legal battle between the majority owner, the founder and former CEO, with the former now hitting back in court.
Former CEO Nejc Kodrič is to sue the company he founded, following an attempt by its new owners to force sell his remaining shares at an unacceptable price.
DNB has reversed its decision to tighten up the rules around withdrawals from digital currency exchanges, over concerns the measures amounted to an unnecessary invasion of customer privacy.
The digital asset exchange has said users will now be banned from withdrawals unless they are able to verify their ownership of external wallets.
The exchange filed an application with a New York court seeking to subpoena Citibank and Bank of America to produce documents for use in its court battle in Denmark.
One of Europe’s oldest digital currency exchanges is cutting its ties with the United Kingdom in the face of Brexit uncertainties.
Bitstamp and Gatehub face a lawsuit from a Canadian investor after their actions caused him to lose almost $5 million.