Weekly report: Coinbase announces the integration of its card with Google and Apple Pay

Here is a summary of the most important crypto & auml; hrungs – and decentralized financial news from the first week of June

BNY Mellon Launches Crypto Custodian Service

Earlier this week, the Irish Business Postthat BNY Mellon, a US custodian bank and Vermögensverwaltungsgesellschaft, wants to introduce crypto services in the countryühren. The planned Digital Innovation Hub will be located in Dublin. It will offer crypto custody services. The bank defines this step as a bet on the future of Kryptowährungen. The company will help clients who wish to trade in digital assets under the regulation of the Central Bank of Ireland.

The Central Bank of Ireland has already been concerned about the large impact expected from these assets. In a Bloomberg interview on Monday, Derville Rowland, a top CBI Führ power, warned investors of the risks of losing their investments in the crypto space.

She continued to classify digital currencies as speculative and unregulated investments. With such clearäußerungen the soon chairman of the Investment Management Committee of the European Securities and Market Supervisory Authorityörde seems to h & auml;ngen the fate of crypto in Europe in limbo.

Coinbase Card now supports Apple Pay and Google Pay

Users of the Coinbase Card k & ouml;can handle their Kryptowährungen now also üabout Apple Pay and Google Pay. Coinbase confirmed the news via a blog post published on Tuesday, in a move that will make it easier for crypto users to settle payments.

The company behind the größten Börse in the US is also planning to give the selected users who use the service a 4% crypto reward of the money they spend on the platform. The rewards program is limited to US-based users,but the crypto company plans to eventually expand the program to other regions.

The Börse has 2019 a Visa debit card in Great Britainührt, to facilitate the use of Bitcoin in transactions. The service has now spread to several other countries, including the US, where users can be put on the waiting list since October last year. The integration of Google Pay and Apple Pay comes at a time of significant developments in both the mobile and crypto sectors.

Standard Chartered to Launch crypto Börse in Europe

In a sign of what appears to be StanChart’s move toward crypto, the bank announced Wednesday that it is preparing to launch crypto brokerage and exchange services.The planned launch targets institutional clients, specifically in Europe, by connecting them with traders trading Bitcoin and other digital assets.

The bank’s innovation arm (SC Ventures) will partner with OSL, a Hong Kong-based crypto firm, for the new product. The Hong Kong-based B & ouml;rsenfirma is a subsidiary of BC Tech Group. The introduction follows HSBC’s insistence that they would not offer crypto services to their customers, at least not in the near future. StanChart’s competitor has already taken steps to deny its customers direct contact with companies like MicroStrategy that are invested in crypto.

Alex Manson of SC Ventures echoed the company’s belief that crypto assets remain highly relevant and will continue to be so in the future. The SC Ventures boss also relativized that the new product will create a safe and reliable investment space for large investors.

Thailand’s SEC seeks to regulate the country’s DeFi sector

The thailändische Finanz – und Wertpapieraufsichtsbehörde announced on June 1, that all decentralized financial projects, which deal with the issue of digital assetsögenswerten beschäftigen, by the Behörde be licensed m & uuml; ssen. In the first official announcement üabout DeFi in the Asian country admonished the SEC, that the companies, which issue digital tokens, disclose information and only licensed portals für their activitiesämust use tenüssen.

The announcement of the Financial Supervisory Authority came only shortly after the launch of TukTuk, a DeFi project. TUKTUK’s token, TUK, had risen to hundreds of dollars in value only to stumble below the $ 1 mark in a reported pump-and-dump scheme. The SEC also warned those looking to invest in DeFi projects of the need to conduct extensive research on the technical and safety characteristics of the projects before investing.

China plans another massive CBDC trial

China has its Plädisclosed ne, wäduring the upcoming Dragon Boat Festival to conduct a test of its CBDC with Beijing residentsühren. It will give away 40 million units of its digital currency in the planned lottery event. The amount, which corresponds approximately 6,2 million dollars, is distributed to 200.000 glückliche inhabitants of Beijing in red envelopesägen, each containing 200 digital yuan.

All willing participants register until 7. June with their name and ID number & uuml;over one of the two mentioned banking apps.  The winners will then be announced on 11. June and köcan spend their gifted prize until 20. June at certain H & auml;ndler in the city.

China’s CBDC, the renminbi, has been in development since 2014, and the People’s Bank of China (PBoC) is now looking to expand the scope of its efforts. At the Boao Forum for Asia in April, Li Bo, the deputy governor of the PBoC, explained that China already has plans to make the e-CNY usable for international visitors during the upcoming Winter Olympics in Beijing.

The post Weekly report: Coinbase announces the integration of its card with Google and Apple Pay appeared first on Coin Hero.

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