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Financial Giant Fidelity Discusses Spot Bitcoin ETF Application With SEC
11.12.2023
Financial services giant Fidelity recently met with the U.S. Securities and Exchange Commission (SEC) regarding its spot bitcoin exchange-traded fund (ETF) application. Like Blackrock, the world’s largest asset manager, Fidelity appears to be pushing to use the in-kind creation model for...
Robinhood Launches Crypto Trading in EU, Aims for Global Accessibility
9.12.2023
Financial services firm Robinhood has announced the launch of crypto trading in the European Union. “Like we did with the stock market, it’s our goal to make crypto more accessible and affordable to everyone, regardless of where they live,” the company explained. Robinhood Expands...
Crypto Exchange Binance Drops Abu Dhabi License Application as Global Needs Shift
9.12.2023
Crypto exchange Binance has withdrawn its application for a license in Abu Dhabi. “When assessing our global licensing needs, we decided this application was not necessary,” a Binance spokesperson stated, adding that the company plans to continue to work with regulators “to...
Kazakhstan Financial Regulator Barred 980 Crypto Firms For Non-Registration
8.12.2023
Source: Iliya Mitskavets/Adobe The Financial Monitoring Agency (FMA) blocked 980 digital asset exchanges for offering trading services to users in Kazakhstan without the required regulatory nod. In a Dec 7 press release, the financial regulator revealed that it barred almost 1,000 crypto trading...
Russia’s Exved Launches Cross-Border Payment Service Powered By Tether’s USDT Stablecoin
7.12.2023
Source: Adobe Russian digital settlement exchange Exved has officially debuted with the goal of empowering local legal entities to conduct cross-border digital payment services using Tether’s USDT. Russia's Exved platform launches as one of the first cross-border payment solutions...
Sega Exec On How Cloud-Based Services Are The New Game Demos
7.12.2023
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UK Financial Regulator Adds Poloniex to Warning List Amid Recent $100 Million Hack: What’s Going On?
7.12.2023
Source: AdobeStock / Ascannio The Financial Conduct Authority has added cryptocurrency exchange Poloniex to its warning list of firms that may not be fully authorized to render trading services in the country. In an official publication on Dec 6, the financial regulator warned users from dealing...
Robinhood Launches Commission Free Crypto Trading App in EU
7.12.2023
Source: Adobe Robinhood is expanding its services in the European Union (EU) by launching commission-free crypto trading. The move comes just a week after the company made its international debut with stock-broking services in the UK. The Robinhood app, set to go live on Thursday, will enable...
Lugano Switzerland Now Accepts Bitcoin, USDT for Tax Payments
7.12.2023
Source: Pixabay / Michael Wuensch The city of Lugano, Switzerland announced on Wednesday that it is ready to start accepting tax payments in cryptocurrency – including Tether (USDT) and Bitcoin (BTC). That includes payments for any invoice issued by Lugano, such as municipal services and all other...
Twitch Is Suspending Operations In Korea in 2024
6.12.2023
Twitch is shutting down operations in Korea, effective February 27, 2024.Read more
Brazil’s Banking Behemoth Itau Unibanco Debuts Cryptocurrency Trading Services
5.12.2023
Itau Unibanco, the largest private bank in Brazil, has launched cryptocurrency trading services for its customers. Through Ion, its financial services platform, Itau will first offer access to two cryptocurrencies, ether and bitcoin, opening this feature gradually to all users. Itau Unibanco Opens...
NYDFS Not Afraid to Take Legal Actions Against Defaulting Crypto Companies: Superintendent Harris
5.12.2023
Source: YouTube/Financial Technology Association The momentum of cryptocurrency regulation in the United States continues to intensify, with the New York Department of Financial Services (NYDFS) asserting its readiness to call out defaulting businesses. Speaking at a Financial Times (FT) event...
House's McHenry Won't Seek Reelection, Costing Crypto a Top Ally: Politico
5.12.2023
Rep. Patrick McHenry (R-N.C.), arguably the crypto industry's most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday
US Financial Services Platform Sofi Announces Exit From Crypto Market
5.12.2023
Starting Dec. 19, the financial services platform Sofi will stop offering crypto services to its customers. Sofi said banking regulators’ increased scrutiny of the crypto sector compelled it to make this decision. The company has outlined the steps that must be taken by customers who...
Digital Asset Exchange DigiFT Secures CMS and RMO License from Singapore Monetary Authority
5.12.2023
Image Source: iStock/MasterLu DigiFT, a decentralized exchange for digital assets, has obtained a capital markets services (CMS) license from the Monetary Authority of Singapore (MAS). The license allows DigiFT to engage in capital markets activities, including dealing in securities and units...
Spanish Man Wanted by FBI for North Korean Crypto Scheme Arrested
4.12.2023
A Spanish fugitive wanted by the FBI for his role in providing blockchain services to North Korea has been arrested, according to a statement from the National Police of Spain. Spanish police alleged Alejandro Cao de Benós, founder of the Korean Friendship Association, has been hiding out...
Crypto.com Gains Key UK Regulatory Approval as Electronic Money Institution
4.12.2023
Cypto.com regulatory approval in the UK sets the stage for the company to offer additional financial services. Image by Timon, Adobe Stock. Today, cryptocurrency platform Crypto.com gained key regulatory approval in the United Kingdom. The company announced in a press release that it has been...
Mike Belshe, the Crypto Custody King at BitGo
4.12.2023
BitGo was one of the few crypto companies to raise capital in a depressed market, and even did so at an elevated valuation. That's one reason why CEO Belshe is one of CoinDesk's Most Influential of 2023
Bitcointalk Forum to Enforce Mixing Talk Ban
4.12.2023
Bitcointalk, a historic Bitcoin-focused forum, has announced it will start banning mixer-related topics next year. Forum administrator Theymos argued that while these services were not necessarily illegal, a pattern has emerged where these platforms are consistently being taken down by...
Standard Chartered Zodia Integrates Ripple-Owned Metaco’s Crypto Safekeeping
4.12.2023
Source: Adobe Standard Chartered Bank-backed digital assets custodian Zodia Custody, has integrated Metaco network’s global crypto storage services. The strategic partnership is aimed at offering global sub-custody services for cryptocurrencies. This means that Metaco would store client’s funds...