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Standard Chartered Bank has announced that it has started offering custody services for Bitcoin and cryptocurrencies in the United Arab Emirates (UAE), including Dubai.  Dubai in fact is the largest city of the UAE, although it is not the political capital.  Standard Chartered Standard Chartered Bank is a major British financial institution that operates worldwide.  It was founded in London in the very distant 1613, and it is listed on the stock exchange with the ticker STAN.  It has more than 800 billion dollars in assets under management, more than 80,000 employees, and a revenue exceeding 18 billion.  This is therefore a very important financial institution on a global level belonging to the most traditional finance.  Already since last year has started to take an interest in the crypto market, probably to follow the interest of its clients. In 2023, he made a decidedly optimistic forecast for 2024, stating that this year the price of Bitcoin could reach $120,000. In June of this year the bank declared its intention to launch a crypto trading desk in London, and in August announced that its virtual subsidiary bank in Hong Kong, Mox, had added ETF trading on Bitcoin and crypto to its investment platform. The custody of Bitcoin in Dubai offered by Standard Chartered Yesterday Standard Chartered published an official press release on its website announcing the launch of custody services for digital assets in the United Arab Emirates. Note that the institute has its headquarters in London, but also has offices in Singapore and Dubai. In the statement, it claims that its digital asset custody service in the United Arab Emirates has obtained a license from the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC).  The service will allow customers to safeguard their digital assets, and it…

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Filed under: News - @ September 11, 2024 8:27 am