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Latest from Sandali Handagama
Germany's Commerzbank Wins Crypto Custody License
It's the first German full-service bank to be granted the custody license, according to a statement.

Kazakhstan Central Bank Marks Digital Tenge Pilot With First Retail Payment
The National Bank of Kazakhstan plans to implement a digital tenge by the end of 2025.

Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief
The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said.

Standard Chartered Investment Arm Launches Tokenization Platform
Libeara will enable the creation of a tokenized Singapore dollar government bond fund.

Crypto Custodian Hex Trust Obtains Full Dubai Operating License
This final approval allows the firm to offer digital asset custodial services to institutional clients and sophisticated investors in Dubai.

JPMorgan, Apollo Tokenize Funds in 'Proof of Concept' With Axelar, Oasis, Provenance
The aim of the project was to allow wealth managers to tokenize funds and to be able to purchase and rebalance positions in tokenized assets across multiple interconnected chains.

FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'
The FTX estate says the funds were "preferentially" or "fraudulently" transferred to Bybit and affiliates in the lead up to its November 2022, bankruptcy filing.

Bitget's Hong Kong Unit Halts Operations, Won't Apply for Crypto License
BitgetX HK, which launched in April, is withdrawing from Hong Kong and will shut operations on Dec. 13.

Genesis, Three Arrows Capital Reach Agreement on $1B of Claims
The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to the defunct hedge fund, 3AC.

UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says
The Financial Conduct Authority on Monday published a discussion paper with proposals for a stablecoin regime.
