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Swan Bitcoin to Terminate Accounts Interacting With Bitcoin Mixing Services
14.11.2023
Swan Bitcoin, a bitcoin exchange platform, announced recently that it would terminate accounts of users directly interacting with mixing services. The company explained that this was due to the pressure from banking institutions after the Financial Crimes Enforcement Network (FinCEN) presented...
U.S. Financial Services Committee to Discuss “Illicit Activity in Digital Assets” at Wednesday Hearing
13.11.2023
The Financial Services Committee is holding a hearing on Wednesday, November 15th, to discuss “illicit activity in digital assets,” including money laundering, terrorist financing, and the role of law enforcement in crypto crime. Witnesses include Senior Counsel and Director of Global Regulatory...
U.S. FSC to discuss illicit activity in crypto at upcoming hearing
13.11.2023
Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the Financial Services Committee hearing
Swiss Financial Giant UBS Now Offers Crypto ETFs to Wealthy Clients in Hong Kong, Report
11.11.2023
UBS has reportedly begun offering wealthy clients access to some crypto exchange-traded funds (ETFs) in Hong Kong. Initially, the Swiss financial services giant is offering three crypto ETFs that have received regulatory approval from the Securities and Futures Commission. UBS Offering Crypto ETFs...
Publicly-Listed Bitcoin Miner Bitdeer Expands Into AI With Nvidia
10.11.2023
Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. In a recent development, the publicly traded blockchain and high-performance computing company Bitdeer, disclosed its expansion into AI. This strategic move involves providing...
Blockchain Gurus Are Quietly Stockpiling This Undervalued AI Crypto Gem – What Do They Know?
10.11.2023
Launchpad XYZ: Shaping the future of AI crypto. Image by Launchpad XYZ, X. Decentralized Web 3.0 services are set to level up with the debut of Launchpad XYZ, which will provide AI-optimized crypto trading, swapping, and fractionalization. The overwhelmingly positive response to its presale...
House Approves Amendment to Limit SEC’s Crypto Enforcement Authority
10.11.2023
The U.S. House of Representatives has approved an amendment to the Financial Services and General Government Appropriations Act that limits the authority of the U.S. Securities and Exchange Commission (SEC) to carry out enforcement actions against the crypto industry. “Gary Gensler is...
HSBC Announces Plans to Offer Digital Assets Custody Services for Institutions
10.11.2023
HSBC, the London-based financial institution, announced its plans to launch an institution-focused digital assets custody service in 2024. Zhu Kuang Lee, chief digital, data and innovation officer at HSBC, explained that the bank had experienced an increasing demand for these services from asset...
Tom Emmer’s Amendments to Curb SEC Enforcement Abuses against Crypto Passes House Unanimously
9.11.2023
Source: Twitter/@MNFarmBureau Pro-crypto Congressman Tom Emmer has made progress in his efforts to limit the powers of the United States Securities and Exchange Commission (SEC) when it comes to enforcing regulations on digital assets. The politician has attached an amendment to HR 4664, also known...
India's Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets
9.11.2023
India's Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets
Robinhood to Launch Crypto Trading Services in EU in the “Coming Weeks”
8.11.2023
Source: AdobeStock / Rafael Henrique Robinhood has revealed plans to introduce cryptocurrency trading services in the European Union (EU) in the near future. Vlad Tenev, CEO and co-founder of the popular brokerage firm, made the announcement during the company’s third-quarter earnings report....
End of Line for BSV on Coinbase, Exchange to Delist Crypto in January 2024
8.11.2023
Coinbase has announced it will be removing bitcoinsv (BSV) from its platform, having informed its clientele through an email notification. BSV, which was created following a hard fork from the Bitcoin Cash protocol on November 15, 2018, will no longer be hosted on Coinbase’s services after...
SEBA Bank’s Hong Kong Branch Secures Full License for Crypto Services from SFC
8.11.2023
Source: SEBA Bank The Swiss crypto bank SEBA has announced that its wholly owned subsidiary SEBA Hong Kong has received a full license from the city’s Securities and Futures Commission (SFC). This regulatory approval enables the bank to engage in a wide range of financial activities, including...
Financial Giant Fidelity Addresses 9 Common Bitcoin Criticisms and Misconceptions
8.11.2023
Financial services giant Fidelity has addressed nine common Bitcoin criticisms and misconceptions, emphasizing that some of them are “either unfounded or unlikely to be a serious concern.” They include volatility, suitability as a payment method, environmental impact, competition...
Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal
7.11.2023
Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection...
Binance Launches High-Yield USDT Earning Program Amid Fierce Market Competition
7.11.2023
This week, Binance, the world’s leading crypto exchange by trading volume, announced the introduction of a tether (USDT) earning program with up to a 13% annual percentage yield (APR). Binance’s USDT earn product joins a slew of other digital currency trading platforms offering yield...
Custodia Bank Launches Bitcoin Custody Service for Businesses
7.11.2023
Source: Pexels Custodia Bank, a crypto-friendly bank, announced that it has officially launched its Bitcoin custody platform to customers in select U.S. states. On November 7, Custodia Bank, formerly known as Avanti Financial Group, announced on X (formerly Twitter) that they have now launched...
South African Financial Giant Says It Will Inject Capital Into ZARP Stablecoin Network
7.11.2023
South Africa’s Old Mutual Wealth and financial services provider Inves Capital recently revealed plans to inject liquidity into the ZARP stablecoin network. Inves Capital’s managing director said “crypto is entering a new phase” of growth and ZARP is set to “play...
China Mulls Digital Yuan Settlements for Commodities
7.11.2023
The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help companies avoid the difficulties of using a single...
Blockpit Acquires Rival Tax Platform Accointing to Improve EU Crypto Tax Services
7.11.2023
Source: Blockpit Blockpit, an Austria-based crypto tax service provider, has acquired its rival platform Accointing from the crypto data company Glassnode. This acquisition positions Blockpit to align with the upcoming EU tax regulations, known as the Eighth Directive on Administrative Cooperation...