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California Revisits Stringent Licensing for Crypto Businesses with New Bill AB 39 - Here's What You Need to Know
21.9.2023
California is once again taking steps to tighten crypto regulation with a new bill, AB 39, introduced on Tuesday.
The legislation follows a previous attempt in February 2022, when the state introduced AB 2269. The older bill also proposed strict licensing requirements for companies engaged...
Coinbase CEO Urges Defi Protocols to Challenge Regulatory Crackdowns in Court
15.9.2023
The CEO of the cryptocurrency exchange Coinbase has encouraged decentralized finance (defi) protocols to fight regulators in court if they face regulatory crackdowns. He stressed that the Commodity Futures Trading Commission (CFTC) “should not be creating enforcement actions against decentralized...
How businesses can accept payments in crypto?
14.9.2023
With the dynamic shift in the global economy, businesses everywhere are exploring how to accept Bitcoin payments. With a surge in companies integrating crypto payment processing systems, notably in the US, the world is witnessing a meteoric rise in the acceptance of such payment forms. This...
Understanding crypto custody: What different solutions entail for investors and businesses
7.9.2023
Overall, businesses and individuals should constantly scrutinize their custodial strategies to ensure their funds are properly managed
B2BinPay v17 Update – the Next Step for Crypto Payment Solutions
7.9.2023
The B2BinPay team has just announced the release of B2BinPay v17, a substantial update that polishes and perfects the crypto payment experience. As one of the industry leaders, B2BinPay has been a global go-to facilitator for crypto transactions. B2BinPay’s crypto solutions are celebrated...
Robinhood to Buy Back SBF’s Stake for Over $605 Million
3.9.2023
Online broker Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S. government after the bankruptcy of SBF’s businesses....
UK's Travel Rule comes into effect, could halt certain crypto transfers
1.9.2023
The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain
UK Plans To Ban Crypto Cold Calls, Seeks Public Opinion For Evaluation On Businesses
24.8.2023
The UK government is evaluating the impact of a potential financial services cold call ban on businesses and private enterprises.
As part of its plans to minimize the risk to consumers in the economy, the UK Treasury has issued a consultation paper to poll citizens on the perceived impact of...
Binance Pay Steps into Brazil: Simplifying Crypto Payments for Businesses – Crypto Adoption on the Rise?
23.8.2023
The major crypto exchange Binance has launched its crypto payments processor Binance Pay in Brazil, aiming to streamline crypto payments for local merchants, an announcement from Binance said.
Compared with traditional payments processors, Binance Pay offers faster transactions speeds and lower...
UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September
19.8.2023
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable...
UK crypto businesses to comply with FATF Travel Rule beginning in September
17.8.2023
The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto
Trump’s Crypto Wallet Makes $2.8 Million in Income, FEC Filing Shows
17.8.2023
Former U.S. President Donald Trump has provided new data about his crypto income and holdings in a financial disclosure to the Federal Election Commission (FEC). The submission contains information about the balance of an ethereum wallet, which collects proceeds from the sales of Trump-branded...
French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
13.8.2023
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like...
Circle Makes Crypto Payments Easier With New Programmable Web3 Wallet for Businesses
8.8.2023
Circle’s Programmable Wallets platform is available now for developers on Ethereum, Avalanche and Polygon, with plans to expand to other blockchain later this year
Worldcoin to allow government and businesses to use ID system: Report
2.8.2023
New reports reveal that Worldcoin plans to expand its operations to sign up more users by allowing organizations and governments to access its technology
Ukraine demands local crypto businesses to provide financials
1.8.2023
Trading volumes on the Ukrainian crypto exchange Kuna have shrunk 90% since March 2023 due to government policies, the CEO said
Over 10,000 South African Retail Outlets Now Accept Momint Crypto Vouchers
27.7.2023
Momint, a Web3 marketplace app, has said South African residents can now use cryptocurrency to purchase shopping vouchers which are accepted by over 10,000 retailers. The Momint app can also be used to send cross-border remittances at a fraction of the fees charged by regular money transfer...
Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban
20.7.2023
In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers...
Ripple Expects Business to Pick Up in the US After Landmark Ruling
19.7.2023
Ripple, a cryptocurrency and remittance services company, expects to start offering its services to U.S.-based businesses after the recent ruling that determines the XRP token is not “necessarily a security” on its face. Stuart Alderoty, Ripple’s CLO, stated the company hopes...
Crypto Companies in Japan Get Tax Relief Under Revised Rules
26.6.2023
The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the digital asset sector in the country. Japan...