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Oanda Exits Malta to Change its Operations Approach in Europe

7.2.2023
Oanda recently announced a massive strategic change in its multi-asset retail trading activities in Europe. The renowned forex broker is set to shut down its operations in Malta on March 17. The decision has been taken under its planned closure of operations. On March 17, the broker will restrict...

Uzbekistan Collects Over $300,000 From Crypto Sector

4.2.2023
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan...

Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum

3.2.2023
A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March. Sberbank’s Defi...

Bitzlato to Restore Operations and Withdrawals From Russia, Co-founder Vows

2.2.2023
Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the Russian Federation. Co-Founder Says Exchange Will...

Blockstream Secures $125 Million in Funding for Bitcoin Mining Operations

25.1.2023
Digital asset infrastructure firm Blockstream has secured $125 million in funding aimed at expanding its bitcoin mining facilities.  Blockstream has received the funding in convertible note and secured loan financing, the company announced in a Tuesday press release, adding that it plans to...

Binance Banking Partner to Ban Crypto Trading Transfers Under $100K

22.1.2023
Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With...

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit

20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...

Binance to Increase Presence in Poland in Compliance With Local Regulations

20.1.2023
Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives. Crypto Exchange Binance Moves...

Coinbase halts its operations in Japan to review market conditions

19.1.2023
The Japanese arm of Coinbase has published an official blog post to announce that it is halting its operations in the region amid the present market conditions. Coinbase aims to review the business’s operations before moving forward with any other developments. Customers in Japan can deposit...

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