PARIS : CACEIS, the asset servicing business owned by Credit Agricole and Santander, has registered with France's markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies. The company registered as a digital asset service provider (DASP) on June 20, according AMF's we
PARIS : CACEIS, the asset servicing business owned by Credit Agricole and Santander, has registered with France's markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies.
The company registered as a digital asset service provider on June 20, according AMF's website, adding a major traditional financial services group to the growing number of crypto companies registered by the French watchdog. France has been supportive of the nascent industry and was the first major European country to grant registration to the world's biggest cryptocurrency exchange, Binance.
Subsidiaries of other big names in French finance, such as Societe Generale and AXA, are also listed among the DASPs registered with AMF. CACEIS had 4.1 trillion euros in assets under custody at end of last year, according to its website. Credit Agricole SA is its majority owner with a 69.5 per cent stake, while Santander holds a 30.5 per cent of the group.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vietnam's credit growth slow, credit in high-risk sectors under control - central bankHANOI :Borrowing in Vietnam's high-risk sectors remained under control, while credit growth was less than expected despite banks' abundant liquidity, a deputy governor of the central bank said on Wednesday.Credit growth as of June 15 was seen at 3.36 per cent against the end of 2022 and was much lower than th
Read more »
Vietnam credit in high-risk sectors under control - central bankHANOI : Borrowing in Vietnam's high-risk sectors remains under control, deputy governor of the central bank, Dao Minh Tu, said on Wednesday.Credit growth, which as of June 15 was seen at 3.36 per cent against the end of 2022, is not as high as expected and increasing it remains a main goal, Tu said.
Read more »
Mastercard launches global plan to recycle credit cardsThe pilot project, which will run for an initial six months, will allow customers to recycle any plastic card. Read more at straitstimes.com.
Read more »
UBS to start Credit Suisse Asia investment banking job cuts in July -sourcesHONG KONG : UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses.UBS completed its emergency takeover of embattled rival Credit Suisse last week, forging a Swiss banking and wealth
Read more »
Giro d'Italia winner Roglic will not ride Tour de FranceThe 2023 Giro d'Italia winner Primoz Roglic will take a brief break from racing after celebrating his recent victory and will not ride Tour de France this year, he said.Roglic became the first Slovenian winner of the Giro d'Italia in May and decided to enjoy the win by briefly stepping off the bike.
Read more »
France to shut down climate NGO after protest violenceThe Uprisings of the Earth was accused of inviting rioters armed with metal bars and petanque balls to a recent protest. Read more at straitstimes.com.
Read more »