News updates December 14, 2021

1. Switzerland's Largest Online Bank Plans To Launch Its Own Crypto Exchange

Switzerland’s largest online bank, Swissquote, is planning to launch its own Cryptocurrency trading platform. The chief sales and marketing officer at Swissquote, Jan De Schepper, said that his company plans to open its own Crypto exchange before the end of the first half of 2022. The firm is witnessing high demand for Cryptocurrency trading. Also, they might add stablecoins and staking services to their list of Cryptocurrency offerings.

2. German Savings Banks Association Considering Crypto Wallet

According to reports, savings banks (Sparkasse) in Germany are developing a crypto project which will allow their customers to trade in cryptocurrencies directly through their checking accounts.

3. Nigerian Government Minister Calls for Regulation of Crypto, Considers Additional Body ‘to Play That Role’

minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down.

4. Myanmar's Shadow Political Entity Adopts USDT as its Primary Currency.