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Santander UK limits crypto transactions for its customers
3.11.2022
Users will be restricted to a £1,000 limit per transaction, and a total limit of £3,000 a month
Santander UK Limits Cryptocurrency Exchange Transactions, Bank Says Investing in Crypto ‘Can Be High Risk’
3.11.2022
On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm’s...
South Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets
3.11.2022
Pick n Pay, the South African retailer, has revealed that some of its grocery stores are now accepting bitcoin payments. To ensure payments are affordable, Pick n Pay reportedly uses the Bitcoin Lightning Network which is said to be suitable for “high volume, low-value transactions.”...
First Mover Asia: Arbitrum Sees Transactions Skyrocket as Traders Anticipate Potential ‘ARBI’ Airdrop; Ether, Dogecoin Tumble Following FOMC Rate Hike
3.11.2022
Weekly transactions on Arbitrum have soared over 555% since August. Crypto traders see huge potential for the ecosystem
Switzerland's financial regulator extends reporting requirements for crypto transactions
2.11.2022
FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs
Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines to Launch BTC & ETH Custody & Trading
2.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines...
Switzerland Sticks to Tougher ID Checks for Crypto to Cash Transactions
2.11.2022
Crypto users were worried the financial regulator could disadvantage crypto and encourage hacks
South African grocery giant ‘Pick n Pay’ intends to accept Bitcoin in all stores nationwide
1.11.2022
The company said it will allow customers to pay with any bitcoin lightning-enabled app and QR codes for speedy payments
India’s Tax Authority Asks Crypto Exchanges for Details of Coins Traded on Their Platforms
1.11.2022
India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can...
UN Says Terrorists Are Funding Activities Through Crypto Transactions
31.10.2022
Terror organizations are increasingly turning to cryptoassests to fund their activities, said United Nations (UN) officials.
During the UN’s Counter-Terrorism Committee (CTC) meeting in India on Friday and Saturday, the officials discussed the "threats and opportunities related to new payment...
9 years after the first Bitcoin ATM, there are now 38,804 globally
31.10.2022
From one Candian coffee shop to a worldwide network of nearly 39,000, crypto ATMs have turned nine years old and are only expected to continue growing
Apple Unveils Stricter App Store Rules for Crypto and NFTs — Critic Says Firm Wants to Keep Money in Its Ecosystem
26.10.2022
According to Apple’s latest guidelines for developers seeking to have their apps included in the App Store, crypto exchange applications should only facilitate the transfer of crypto funds to approved exchanges. Where payments are needed to unlock features or functionality, Apple says apps...
Foreign Exchange Transactions Take Center Stage in New BIS CBDC Report
26.10.2022
The Bank for International Settlements tested its central bank digital currency research project, mBridge, in another pilot focused on foreign exchange transactions, a new report says
Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee
25.10.2022
According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes
How not to Bitcoin: User pays 1,000x fee to send 4 BTC
24.10.2022
What could have inspired a Bitcoin user to overpay by 1,000 times the asking price to move roughly $63,000 in Bitcoin?
Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam
24.10.2022
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include...
Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft
24.10.2022
The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize crypto payments in the country, another draft law on mining, which permits cross-border...
Santander Proposes Project to Tokenize and Trade Properties With the Brazilian CBDC
24.10.2022
Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate...
While Overall NFT Transactions and Buyers Are Down, NFT Sales Jumped 2% Higher Than Last Week
23.10.2022
During the last week, non-fungible token (NFT) sales volume has managed to climb 1.9% higher than the week prior with $85 million in NFT sales in seven days. However, the number of NFT buyers slid by 12.63%, and the number of NFT transactions is down 19.19% on October 23, 2022. NFT Sales Record...
Retail Giant Walmart Outlines Crypto Strategy — Executive Foresees a Lot of Disruption in Payment Options
20.10.2022
Walmart’s global chief technology officer has revealed crypto’s role in the retail giant’s future. “Crypto will become an important part of how customers transact,” the executive said. “We want to make sure that we make it as friction free for customers to...