Mr McHardy said he was “not striking while the iron’s hot, but it’s out there and I see an opportunity to do it”. While the crypto space is currently unregulated, he added that “we’d be prepared when the time comes&
Estera’s client base of blue chip private equity managers will benefit from more effective fund management and administration plus improved efficiencies in structure, reporting and regulatory oversight.
But there’s a problem, the firm notes: “Our data suggests that despite acknowledging clients’ rising level of concern with regards to cybersecurity, so far the industry has underestimated — if not dismissed — these risks.&
According to The Times of Malta, Maltese and European authorities believe that hackers posed as the French stock market regulator to break into the bank’s IT systems and walk away with millions of euros.
The Canton of Zug, also known as the “Crypto Valley” is currently the only Canton in Switzerland accepting contributions in kind using cryptocurrencies such as Bitcoins, Ethereum or Ripple.