BCG Study Puts Custody At The Center Of Banks’ Digital Asset Plans Study by Boston Consulting Group commissioned by Ripple argues that banks’ custody choices shape the digital asset services they can offer. It estimates more than 30% of digital assets outside centralized exchanges are held through institutional custody models.

Kraken Parent Payward Wins In-Principle Approval For Kazakhstan Expansion Kraken parent Payward has moved closer to establishing a regulated business in Kazakhstan. Preliminary approval for several activities rather than trading alone. The company also said Kazakh traders would gain access to its global order books.

FCA Proposes Crypto Crime Guidance On Wallet Checks And Blockchain Analytics The FCA is consulting on updated financial crime guidance for crypto businesses. The guidance covers cryptoassets alongside fraud, sanctions, data security and money laundering. The consultation paper proposes examples of good and poor practice for enhanced due diligence, onboarding and transaction monitoring.