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Biggest Bank in Australia to Limit Transfers to Crypto Exchanges

9.6.2023
Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit funds for cryptocurrency operations. Crypto Traders...

Bitcoin payments exec shares adoption challenges in the Philippines

8.6.2023
Pouch founder Ethan Rose said that they've managed to convince 400 businesses to accept Bitcoin in the Philippines

Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges

8.6.2023
The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours

Major Australian bank to decline ‘certain’ payments to crypto exchanges

8.6.2023
James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services cited a huge scale of "investment scams" involving crypto exchanges

Report: EA 'Exploiting The Players' With College Football Payments

8.6.2023
For the first time in a decade, EA Sports will be releasing a college football game this season. The main reasons for that 10-year hiatus was a conflict over player payments (which weren’t allowed under NCAA rules) and likenesses. Those had presumably been resolved in the lead-up to EA Sports...

Circle is latest recipient of Major Payment Institution license in Singapore

7.6.2023
The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com

Kenyan Central Bank: CBDC Not a Priority ‘in the Short to Medium Term’

6.6.2023
The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by strengthening innovations around the existing payment...

Report: Binance Controlled Bank Accounts Belonging to Its US Affiliate Between 2019 and 2020

6.6.2023
Between 2019 and 2020, crypto exchange Binance controlled bank accounts belonging to its U.S. affiliate including one holding funds of American clients, a new Reuters report has said. According to the report, employees of the crypto exchange’s U.S. affiliate had to get Binance executive...

Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains

6.6.2023
Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow...

Russia’s Rosbank Launches Crypto Payments Solution for Cross-Border Settlements

5.6.2023
Rosbank has become the first large Russian bank to offer clients an option to use cryptocurrencies in international settlements. The solution, provided in tandem with a Russian fintech, is mostly intended to meet the needs of businesses working with foreign partners. Russian Companies to Be Able...

Mercado Bitcoin, Brazil's Largest Crypto Exchange, Receives License as a Payment Institution

2.6.2023
The company plans to offer financial services that combine the potential of crypto with traditional financial services

Today in Crypto: Elon Musk Accused of DOGE-Related Insider Trading, Xapo Integrates with the Single Euro Payments Area Network, US CFTC Mulls Rules Change to Include Crypto Risk

2.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Elon Musk Accused of DOGE-Related Insider Trading, Xapo Integrates with the Single Euro Payments Area...

Binance Australia Stops AUD Bank Transfers as Search for Payment Partner Drags On

2.6.2023
Customers can still buy and sell crypto using credit and debit cards after the halt, which was announced last month

Russian Businesses Ask Putin to Help Legalize Crypto

1.6.2023
A body representing the interests of Russian businesses has called on president Putin to help with crypto legalization. Their proposals, including on the use of cryptocurrencies in foreign trade settlements, have been included in a report to Russia’s head of state. Companies Urge President Putin...

Money stored on mobile payment apps may not be FDIC insured, US watchdog warns

1.6.2023
Deposits on mobile payment apps may not be insured by the FDIC, and customers may not know whether their money is insured or not

Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpeng Zhao

1.6.2023
Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with payment providers in Australia, Changpeng Zhao said...

Kenyan President William Ruto Urges African Countries to Commence Process to Ditch the Dollar

1.6.2023
Kenyan President William Ruto recently urged his counterparts on the African continent to kickstart the process of ditching the U.S. dollar and replacing it with a pan-African settlement system. Ruto said the Pan-African Payments and Settlement System (PAPSS) allows business people to focus...