JPMorgan’s participation in the BlackRock Bitcoin ETF as a custodian raises eyebrows, given its history of hefty fines and controversies. Concerns over counterparty risk loom large in the crypto industry, emphasizing the importance of individuals holding their own bitcoins to avoid potential consequences of a major Wall Street bank’s involvement.
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The MVP licence will allow Komainu to offer an approved range of virtual asset related services to institutional investors in Dubai.
The bank will use the fund to launch its digital asset custody division, develop its debit card offering, and accelerate its international expansion.
Dan has over 30 years of experience in regulatory compliance, and he is one of Canada’s leading experts in financial services regulatory compliance.
Banking and cybersecurity veteran Karen J Wendel joins digital asset sector with The Bayesian Group