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One-quarter of asset managers and hedge funds in the US and Europe have recruited senior executives to oversee digital asset strategies, according to a recent report. Based on the findings of a market intelligence firm, an increasing number of investment firms in the United States, United Kingdom, and Europe are appointing senior executives to lead digital asset investment strategies. According to a recent Amberdata report titled 'Digital Assets: Managers' Data Infrastructure Fuel,' 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years. “These roles are being staffed up, with almost a quarter of firms with a senior role dedicated to digital assets, reflecting seriousness about implementation as well as senior management buy-in.” Organizations with a senior role dedicated to dedicated asset strategy implementation. Source: Amberdata The report surveyed 60 investment professionals across the United St...

Join Our Telegram channel to stay up to date on breaking news coverage According to the latest reports, the United States Department of Justice (DOJ) is planning a full-scale crackdown on illegal and illicit activities on crypto trading platforms. The U.S. DOJ’s National Cryptocurrency Enforcement Team, headed by Director Eun Young Choi, has already taken a strong stance on the issue and has promised strict action. The Department of Justice incorporated the National Cryptocurrency Enforcement Team (NCET) in October 2021 to combat crypto-oriented scams and maintain adequate law and order in the industry.  The Scope of NCET’s Crackdown on Crypto Businesses In a recent interaction with the Financial Times, NCET Director Eun Young Choi communicated her intentions of targeting crypto exchanges that promote, allow, or ignore illicit activities like money laundering on their platforms. She also stressed how crypto-related scams and crimes have shot up. She said, ...