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Circle and SBI Holdings partner to boost USDC circulation in Japan
27.11.2023
The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country
Africa-Focused Remittances Fintech Lemfi Raises $33 Million in Series A Funding Round
31.8.2023
An Africa-focused remittances platform, Lemfi, recently said it has raised $33 million in a Series A round led by Left Lane Capital. Lemfi said it will use the capital raise to “expand its product offering to the United States, Europe, the Middle East, and Asia.” Making Remittances Less...
US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master Accounts
18.8.2022
The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts and payment services.” According to the board, the final guidelines will become effective as soon as they...
Kenya Central Bank Orders Financial Institutions to Stop Dealing With Two Nigerian Fintechs
1.8.2022
In a letter addressed to the CEOs of financial institutions, the Central Bank of Kenya (CBK) has said financial institutions operating in the country must cease and desist from dealing with two Nigerian fintechs, Flutterwave and Chipper Cash. The letter reiterates the CBK governor Patrick Njoroge...
Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions
5.5.2022
Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt...
Anonymous Hackers Claim to Have Breached Russian Payment Service Provider Qiwi
4.5.2022
A hacking group linked to the Anonymous collective has allegedly hit the popular Russian payment processor Qiwi. Network Battalion 65 announced on social media it had managed to gain access to the platform’s databases — a claim the company has denied. Anonymous Affiliate Hacks Russian...
Coinbase suspends crypto payment services days after India launch
11.4.2022
America’s largest exchange suspended some payment services on its newly launched Indian exchange due to pressure from the local payment regulators
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals
2.11.2021
Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish...
Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox
1.8.2021
President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers....
Will PayPal’s crypto integration bring crypto to the masses? Experts answer
8.11.2020
Experts in blockchain technology and crypto take on the question: Could PayPal’s crypto integration help mass adoption?
Singapore Begins Crackdown on Unlicensed Bitcoin Sellers
24.6.2020
Singapore authorities charged a 23-year-old woman with breaking the city-state’s months-old ban on unlicensed bitcoin sales
Bitpay Accepts Company of the Year Accolade
23.6.2020
Bitpay wins Company of the Year Award from market research company
Japanese Crypto Exchange DeCurret Issues $25 Million in New Shares
13.4.2020
As part of its effort to promote the use of virtual currency in Japan, DeCurret announced they had issued shares worth roughly $25 million
Singapore Allows Crypto Companies to Operate Without a License for 6 Months
28.3.2020
The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno...
Bitcoin.com, Danal Japan and ALLEX Partner up to Offer BCH Payment Services
7.2.2020
We are pleased to announce that a business alliance has been concluded among the three companies in order to implement the payment services by BCH.
Enhancement of Bitcoin Cash (BCH) payment service, which is used for payments at EC sites and restaurants, is cheaper than existing payment methods....
Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
29.1.2020
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators...
Přichází revoluční PSD2: Jak se změní svět fintech startupů?
15.1.2018
V sobotu nabyla platnost nová evropská směrnice o platebních službách. PSD2 má potenciál přinést do bankovního sektoru revoluci, která výrazně ovlivní i fungování fintech startupů. Tyinternety zjišťovaly, jak se změní jejich svět. Nejvýraznější změnou v rámci nové legislativy je povinnost bank...