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Colorado DMV Accepts Crypto Payments Through Paypal
2.9.2023
The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use their digital cash to renew driver’s licenses...
Circle Partners With Mercado Pago to Offer USDC to Chilean Customers
1.9.2023
Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre’s digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago’s services...
Binance Launches ‘Send Cash’ Remittance Services in Latam
1.9.2023
Binance, the largest cryptocurrency exchange by volumes traded, has announced the launch of “Send Cash,” a Latam-focused remittance service. The newly launched tool will allow users in nine countries in the region to send crypto to bank accounts of friends or family in Argentina...
Ethereum staking services agree to 22% limit of all validators
1.9.2023
The 22% self-limit rule ensures at least four major staking entities would need to collude in order for the chain to reach finalization
Biden’s Regulators Urged to Work With Congress on Crypto Regulation
1.9.2023
A number of U.S. lawmakers have urged regulators, including the Securities and Exchange Commission (SEC), to work with Congress on crypto regulation. “Chair Gensler’s regulation by enforcement is unlawful and does nothing to protect consumers. It’s time for Biden’s...
Binance Finds Way to Serve Belgian Users After Cease Order
31.8.2023
Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the country. Binance Offers...
Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong
31.8.2023
Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step...
Africa-Focused Remittances Fintech Lemfi Raises $33 Million in Series A Funding Round
31.8.2023
An Africa-focused remittances platform, Lemfi, recently said it has raised $33 million in a Series A round led by Left Lane Capital. Lemfi said it will use the capital raise to “expand its product offering to the United States, Europe, the Middle East, and Asia.” Making Remittances Less...
Report: Tether Pivots to Bahamas’ Britannia Bank Amid US Banking Strains
30.8.2023
In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether’s supply has dipped by 1.3%, leaving 82.85 billion USDT in circulation....
Google Cloud to digitize El Salvador's governance, healthcare and education
30.8.2023
Google Cloud and the government of El Salvador have entered into a 7-year partnership to digitize the country’s infrastructure in various sectors
Binance Mulls Leaving Russia, Limits Options for Russian Users
30.8.2023
Crypto exchange Binance considers exiting Russia amid increased scrutiny over its services for users in the sanctioned nation. The news of the potential move comes after the exchange delisted several sanctioned Russian banks from its peer-to-peer (P2P) platform and restricted fiat payment options...
Swiss Bank SEBA Gets in-principle Approval From Hong Kong Regulators to Offer Crypto Services
30.8.2023
Crypto-friendly Swiss-based SEBA Bank has successfully obtained an approval-in-principle (AIP) from the Securities and Futures Commission (SFC) in Hong Kong, bringing it one step closer to offering crypto services in the region.
The AIP signals a pivotal moment for SEBA Hong Kong, the bank's...
SEBA Bank secures in-principle nod for crypto services in Hong Kong
30.8.2023
SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month
US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction
28.8.2023
The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions
OKX And Bybit Suspends Sanctioned Russian Banks From P2P Services
28.8.2023
OKX and Bybit are the latest digital asset exchanges to delist sanctioned Russian banks from their peer-to-peer (P2P) services.
Two Russian banks, Tinkoff Bank and Sberbank have both been removed from P2P services of some crypto exchanges due to Western sanctions following the invasion...
Latam Insights: Brazil’s Lula Pushes for BRICS Currency; Binance Drops Card Programs
28.8.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil’s President Luiz Inacio Lula Da Silva pushes to issue a BRICS common currency, Binance drops card services, and Argentina gets invited to be part...
Spanish central bank official talks about private payment services in era of digital euro
25.8.2023
Banco de España deputy governor Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial services providers
HashKey To Offer BTC and Ether Retail Services In Hong Kong As The Battle For Asian Market Intensifies
25.8.2023
Asian digital asset exchange HaskKey will now offer Bitcoin (BTC) and Ethereum (ETH) crypto trading to its retail clientele in Hong Kong.
The exchange obtained a regulatory clearance to offer virtual asset trading services in the jurisdiction becoming the first exchange to have its previous...
Crypto Exchange EDX Markets Taps Anchorage as Custody Provider
22.8.2023
Crypto exchange EDX Markets, which is backed by Wall Street giants including Citadel Securities and Charles Schwab, tapped Anchorage Digital to provide custody for its clearinghouse business set to launch later this year
Nomura-Backed Crypto Custody Firm Komainu Wins Operating License in Dubai
22.8.2023
The company can now offer its full range of digital asset custody services to clients in the emirate, including institutional staking and collateral management