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One of the largest banks in Germany by total assets, DZ Bank, has launched a crypto custody platform. Additionally, the bank disclosed that alongside its solution for institutional customers, it is working on âan offer that allows private customers to invest directly in cryptocurrencies.â
@CoinCrux
423
The Hong Kong Monetary Authority is reportedly planning to expand the purview of its supervision of virtual assets to include entities that issue stablecoins. The Hong Kong regulator said it also wants to create a framework that governs banksâ provision of virtual asset custody services.
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423
The U.S. Supreme Court has agreed to take up the Coinbase case concerning whether the crypto exchange can force users to settle disputes through private arbitration, rather than in court. The case stems from a dogecoin (DOGE) sweepstakes in which users accused Coinbase of false advertising.
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423
Warren Buffettâs right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, says he is concerned when the price of bitcoin rises. The 99-year-old compared the cryptocurrency to a âstink ballâ among traditional currencies.
âWhen you start creating an artificial currency, youâre throwing your stink ball into a recipe thatâs been around for a long time, thatâs worked very well for a lot of people,â the executive said.
https://news.bitcoin.com/berkshire-vice-chair-charlie-munger-compares-bitcoin-to-a-stink-ball-among-traditional-currencies/
@CoinCrux
423
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC).
In response, the SEC has countered with a motion of its own, asserting the accountability of both the company and Kwon. The commission maintains that the evidence amassed by the prosecution is âclear, undisputed and overwhelming.â
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