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South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto Transactions
14.6.2024
The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick...
Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales
13.6.2024
A 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling cryptocurrency notcoin. Termez State University is a public institution located in the capital of Surkhandarya province, Uzbekistan. The court found him guilty of violating laws...
Deutsche Bank and Bitpanda Collaborate Amid Crypto Banking Challenges
4.6.2024
Deutsche Bank is collaborating with Bitpanda to manage customer fiat deposits and withdrawals for the Austrian crypto broker. This collaboration addresses the challenges crypto platforms have faced in securing banking partners after the 2023 collapse of key crypto-friendly banks. Deutsche Bank will...
Deutsche Bank and BitPanda join forces for real-time crypto payments
4.6.2024
The partnership with Deutsche Bank allows BitPanda to offer real-time inbound and outbound cash payments for German crypto traders using German International Bank Account Numbers (IBAN)
Telegram Wallet enforces new KYC rules, switches provider
30.5.2024
Before the KYC change, Telegram Wallet users did not have to provide any personal information to use the default version of the wallet
UK Digital Bank Kroo to Ban Crypto Transactions Effective May 30
29.5.2024
UK-based digital bank Kroo noted that it would “freeze or restrict accounts” used to purchase or trade in crypto
The post UK Digital Bank Kroo to Ban Crypto Transactions Effective May 30 appeared first on Cryptonews
UK Digital Bank Blocks Clients From Performing Crypto Transactions
28.5.2024
The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving cryptocurrencies as the reason for this move. Kroo to Decline...
Turkey Prepares New Crypto Law to Align With International Standards
13.5.2024
Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the licensing and operation of cryptocurrency trading...
‘AI-Agents Will Do Crypto Transactions’: Arif Khan on the Future of Crypto-AI
6.5.2024
Alethea CEO Arif Khan, a speaker on the AI Stage at Consensus 2024, says we’ll soon be automating daily tasks like paying bills and responding to emails
Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern
5.5.2024
Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech...
Vodafone Aims to Use SIM Cards to Facilitate Crypto Transactions on Mobile Phones
3.5.2024
Telecommunications company Vodafone is taking steps to leverage SIM card technology in order to meet the expected surge in demand for cryptocurrency transactions on mobile phones.
The post Vodafone Aims to Use SIM Cards to Facilitate Crypto Transactions on Mobile Phones appeared first on Cryptonews
Nigerian fintechs crack down on crypto, users face account blocks
3.5.2024
The CBN's attitude to crypto has been inconsistent in recent years and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening
MoonPay expands crypto options with PayPal integration
2.5.2024
MoonPay users in the U.S. can now buy and sell 110 different cryptocurrencies using PayPal transfers via wallet, bank transfers or debit cards
Coincover Unveils ‘Protected Co-Signing’ for Crypto Transactions to Prevent Fraud and Hacks
18.4.2024
Coincover, a provider of protection and insurance for digital assets, is launching an extra layer of protection service which screens transactions to detect risk of fraud or hacking.
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UAE Records $25B in Crypto Transactions, Promotes Further Investment With Regulatory Flexibility
16.4.2024
The United Arab Emirates (UAE) recorded $25b in crypto transactions in 2022. Now, it is adopting accommodative regulatory policies to pursue further investment, according to a report published Monday.
The post UAE Records $25B in Crypto Transactions, Promotes Further Investment With Regulatory...
Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions
15.4.2024
In a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in digital...
Trezor Clarifies Security Breach: Phishing Attack Identified as Cause of Compromised X Account
22.3.2024
On March 21, SatoshiLabs, the company behind Trezor hardware crypto wallets, announced that the recent compromise of its X (formerly Twitter) account resulted from a phishing scam and not a SIM-swap attack as earlier suspected. The hardware wallet also shared that only its X social media account...
Indonesia’s Crypto Transactions Skyrocket to $1.92 Billion in February
18.3.2024
Indonesia has witnessed an impressive surge in cryptocurrency transactions, with the total reaching IDR 30 trillion ($1.92 billion) in February, according to the country's crypto regulator.
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US FinCEN Investigates $165 Million Crypto Transactions Tied to Hamas
14.3.2024
The US Financial Crimes Enforcement Network (FinCEN) is probing into the $165 million worth crypto transaction linked to Hamas, per Wall Street Journal.
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Nigeria Asks Telcom Firms to Restrict Access to Binance, Coinbase Websites – Here’s Why
22.2.2024
Crypto exchange behemoths are facing serious scrutiny in Nigeria, as the country aims to clampdown crypto transactions. The government has directed telcoms to prevent access to crypto websites such as Binance, Coinbase and OctaFX.
The post Nigeria Asks Telcom Firms to Restrict Access to Binance...