Print PDF
Discover the top news in crypto for the week!

Discover the top news in crypto for the week!

Crypto

More consumers worldwide are investing in crypto as an inflation hedge, while businesses are accepting it to gain more customers. Meanwhile, crypto regulations are a global trend, with countries like the US, UK, and Singapore moving forward with new rules. Find out the top 5 crypto news of this week.

Sygnum House View

Crypto markets have been challenging for investors recently, but the Sygnum Asset Management team is here to clarify all the new trends in the new House View report. The recent shifts in the market posed risks for centralised lending entities like Celsius, leading to further price declines. Despite the general downtrend, bitcoin outperformed other digital assets. Meanwhile, experts are arguing that the scenario of increasing interest rates and inflation will prove key for Bitcoin’s definition as an asset. Read more

Argentines seek hedging in crypto after economy minister resigns

Argentines turned to crypto as the country faces hyperinflation and turmoil in the government. On Saturday, the price of USDT spiked in Argentine pesos amid the economy minister’s resignation. According to a study by Wunderman Thompson, Argentines are facing annual inflation of 60 percent, investing in crypto to protect their savings. The rising flow of people into crypto is making Argentina one of the countries with the highest crypto adoption, according to Chainalysis. Read more

Singapore’s finance regulator mulls ‘limits on retail participation’ in crypto

The Monetary Authority of Singapore (MAS) may introduce more rules for crypto amid the EU agreeing on a new set of rules set to change the crypto frameworks in the Eurozone. The Singaporean regulator hinted that it could introduce more ‘limits on retail participation,’ including the use of leverage in crypto trading. In January, the same regulator placed restrictions on the way crypto providers can advertise to a retail audience, contributing to the global trend of new crypto regulations. Read more

Central African Republic launches national cryptocurrency called ‘Sango Coin’

The Central African Republic’s president announced the launch of the Sango project, including a new cryptocurrency called Sango Coin. CAR’s president said that the Sango Coin would be a ‘gateway to the natural resources of the Central African Republic’ amid the country’s plans to tokenize its precious resources. The Sango project includes many measures to boost crypto adoption in the country, attract crypto businesses and enthusiasts, a Metaverse hub, and more. Read more

ECB officials prepare for ‘harmonisation’ of crypto regulations: Report

The European Central Bank is urging countries to start preparing to harmonise the new crypto regulations put in place last week by the European Union. The EU parliament and council agreed on more oversight for crypto transactions to prevent illicit activity and money laundering while improving the clarity and frameworks among Eurozone countries. There will be meetings in July to work on making the integration easier, while some parties are trying to expand the scope of the new laws to incorporate DeFi regulations. Read more

About Sygnum
Sygnum is the world’s first digital asset bank, and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers institutional and private qualified investors, corporates, banks, and other financial institutions to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable, and future-proof regulated banking platform. Our interdisciplinary team of banking, investment, and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singapore heritage and operates globally. To learn more about Sygnum, please visit www.sygnum.com.

Disclaimer
This document is purely for educational purposes and has been issued by Sygnum Group. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Group, as at the date of issue. These opinions and the information contained herein do not take into account an individual‘s specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Group uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.

Read next article

Local restrictions – Provision of cross-border services

It looks like you are using a computer with an IP address located outside of Switzerland.
If you are located in Switzerland, please click “Continue” to access the Sygnum Bank AG (Sygnum) website.

If you are not located in Switzerland, please read below.

This website and the information contained herein are addressed solely to persons residing or domiciled in Switzerland.

Sygnum is a regulated bank supervised by the Swiss Market Financial Authority (FINMA). The products and services on this website are authorised in Switzerland. Sygnum cannot promote its products and services in other countries where it is not authorised by the supervisory authority of that country to do so.

If you click on “Continue” to visit this website, you confirm that you have read and understood the above and you are visiting this website on your own initiative without any active promotion or solicitation from Sygnum.

RETURN CONTINUE

Investor qualification

The following content is available to qualified investors. Please confirm your details below to visit this page, or please see our other digital asset updates here.

Qualified investor - As defined in Art. 10 (3) ff. of the Swiss Collective Investment Schemes Act. In particular, natural persons who have the knowledge required to comprehend the risks of the investments based on their individual education and professional experience or based on comparable experience in the financial sector and hold liquid assets of at least CHF 500,000.

A US Person is defined as (a) an individual who is a citizen or resident of the United States for federal income tax purposes; (b) a corporation, partnership or other entity created or organised under the laws of or existing in the United States; (c) an estate or trust the income of which is subject to United States federal income taxes regardless of whether such income is effectively connected with a United States trade or business.

Disclaimer:

The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

Mandatory fields

Security alert

Stay alert to fraudulent communications. Sygnum will never post messages on social media or private messaging applications regarding Sygnum banking access or logins. If you have concerns, contact us.

Close