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Russian Central Bank Eyes Digital Currency to Overcome Cross-Border Payment Obstacles
17.9.2024
Elvira Nabiullina, head of Russia’s central bank, has highlighted challenges in cross-border settlements, including payment issues and falling trade volumes. She emphasized the importance of finding new solutions, such as using digital currencies and cooperating with global partners,...
BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official
17.9.2024
BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct economic activities without relying on currencies used as political tools...
Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025
16.9.2024
The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks...
Free online service model might be coming to an end—Mental Outlaw
15.9.2024
According to Visual Capitalist, Amazon Web Services, Google, and Microsoft collectively control roughly 74% of the public cloud market.
Free online service model might be coming to an end—Mental Outlaw
15.9.2024
According to Visual Capitalist, Amazon Web Services, Google, and Microsoft collectively control roughly 74% of the public cloud market.
Circle predicts stablecoins will become mainstream global payment method
15.9.2024
Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space
Circle predicts stablecoins will become mainstream global payment method
15.9.2024
Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space
Swift Unveils Plan to Integrate Digital Assets and Currencies Into Global Payment Network
15.9.2024
Swift has unveiled a plan to enable the movement of digital assets and currencies on its global payment network. The initiative aims to integrate regulated digital currencies into Swift’s platform, building on past experiments. “We’re paving the way towards real-world solutions that...
Brazil lifts freeze on Starlink, X accounts after $3M fine payment
13.9.2024
The fines are tied to a legal dispute involving X’s failure to comply with court orders in the country.
Brazil lifts freeze on Starlink, X accounts after $3M fine payment
13.9.2024
The fines are tied to a legal dispute involving X’s failure to comply with court orders in the country.
Moonpay Secures Registration to Offer Digital Currency Exchange Services in Australia
13.9.2024
Moonpay has successfully registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia. This registration will enable Moonpay to establish local payment processing relationships and offer Australian users alternative...
Hong Kong SFC Seeks Industry Feedback on New Licensing Rules for OTC Crypto Services
13.9.2024
Hong Kong’s Securities and Futures Commission (SFC) is actively seeking input from industry participants on proposed new licensing regulations for over-the-counter (OTC) cryptocurrency services. The initiative aims to establish a comprehensive framework that mandates licensing and adherence...
Hong Kong considers new licensing regime for OTC crypto trading
13.9.2024
Hong Kong's SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants
Lengthy Licensing Stumps Kenyan Fintech Startups
13.9.2024
Fintech startups face significant challenges when expanding to Kenya, primarily due to the lengthy and complex process of obtaining an operating license. Obtaining a payment service provider (PSP) license can take up to two years, forcing startups to rely on workarounds such as partnerships with...
Turkey’s $200 limit on cash payments: What does it mean for crypto?
12.9.2024
Should the Turkish government pass new amendments, all cash payments above $205 would be subject to fines of 10%
Crypto Bank Anchorage Digital Takes on Custody for ARK 21Shares Bitcoin ETF
12.9.2024
The first and only U.S. federally chartered crypto bank, Anchorage Digital, is taking on the custody role for a leading issuer of crypto exchange-traded funds (ETFs), 21Shares, the companies said in a Thursday statement
Payment Processors Paypal and Venmo Now Support ENS Domains
11.9.2024
Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on...
The U.S. House Financial Services Committee Reviews the Scope of DeFi
11.9.2024
The US House Financial Services Committee met on September 10, 2024. The objective was to explore the depths…
Binance.US Chooses Fireblocks to Bolster Crypto Custody, Staking Services
11.9.2024
The exchange will use Fireblocks to power hot and cold custody, customer deposits and withdrawals, and further expand staking services
UAE regulators to allow Dubai-licensed VASPs to service entire country
11.9.2024
The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training.