UK digital bank Revolut has announced it is halting crypto services for U.S. customers. The financial services company said it took the “difficult decision” due to the “evolving regulatory environment” and “uncertainties around the crypto market” in the U.S. Revolut launched eight…
The digital arm of Nomura, Laser Digital has successfully obtained a license as a virtual asset services provider in Dubai. The firm is set to launch services including over-the-counter crypto trading services and investment products for institutional investors in the coming months…
On Monday, July 31, the second largest crypto exchange by daily trading volume, Coinbase, revealed that the US Securities and Exchange Commission (SEC) had requested the firm only to support the listing of Bitcoin. In an interview with the Financial Times, the…
Binance has won an Operational MVP License from Dubai’s Virtual Assets Regulatory Authority (VARA), the exchange announced in a blog on July 31. This makes the world’s largest crypto exchange by trading volume the first to secure such a license in the…
In a recent update, the German regulators joined forces with France to probe the operation of Worldcoin. In an email statement, the French privacy regulators CNIL expressed concern about the controversial project led by the co-founder of OpenAI, Sam Altman. Worldcoin was…
Phoenix Technology, the prominent crypto mining hardware retailer, confirmed plans to hold talks on an initial public offering (IPO) in the United Arab Emirates (UAE). An IPO offering involves selling privately owned shares to retail and institutional clients. According to two people…
The Saudi Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) today to strengthen collaboration between the financial services sectors in the two jurisdictions. The MoU was signed during a bilateral meeting held in…
In an advanced report, the fast-growing fintech company in Poland, Ramp Network, opened shop in Brazil to meet the ever-changing needs of Latin America. The announcement revealed that the fintech company would introduce its revolutionary technologies, such as a software development kit…
Democrats in the U.S. House of Representatives have kicked against a bill to overhaul how financial laws treat crypto assets. According to the lawmakers, the bill is overly friendly towards crypto. Speaking on the proposed bill, Rep. Maxine Waters, the top Democrat…
The world’s largest crypto exchange by trading volume Binance has withdrawn its initial application to Germany’s financial regulator BaFin. The exchange says it took the decision considering the tough regulatory struggle the crypto industry is facing. Binance had embarked on an expansion…
The Namibian government has greenlighted the Namibia Virtual Assets Act of 2023 bill into law. The bill was enforced into law on July 14 after President Hage Geingob issued his final assent. Consecutively the bill has undergone various legislative processes before the…
An official publication issued by the government of Russia revealed that President Vladimir Putin had green-lighted the bill on central bank digital currency (CBDC). The report illustrated that President Putin signed the bill into law on Monday, July 24. The presidential assent…
As Ripple triumphs over the partial win against the US Securities and Exchange Commission (SEC), the payment network plans to expand to the UK. In an exclusive interview with the DL News, Ripple’s managing director, Sendi Young, confirmed that the payment company…
In an advanced report issued by the Bank of Russia, the market regulators confirmed that the testing for the central bank digital currency (CBDC), commonly known as the digital ruble, might start soon. On July 18, the regulators presented the bill before…
On Monday, the Securities and Exchange Commission (SEC) acknowledged the recipient of the spot Bitcoin exchange-traded fund (ETF) filing from Valkyrie, an investment management firm based in Nashville. The submission came days after the SEC accepted the application of Bitcoin ETF from…
The Financial Conduct Authority (FCA) in the UK has announced a fresh crackdown on social media promotion of financial products. According to a press release on Monday 17 July, the financial watchdog said it will focus primarily on the use of memes…
The Financial Stability Board (FSB) has finalized a global regulatory framework for cryptocurrencies that will ensure coordinated regulation of the crypto industry. The board in a press release on Monday 17 July said the framework will promote the comprehensiveness and international consistency…
A blockchain developer Pedro Magalhaes has discovered that the Brazilian central bank digital currency (CBDC) has a feature that allows the central bank to freeze users’ funds. Magalhaes discovered this when reviewing the Github codes for the country’s CBDC. The feature also…
Regulatory authorities in Argentina have given approval for the first Bitcoin-based futures contract. The futures contract is already available for trading to qualified investors via the Matba Rofex trading platform. The approval was given by the Argentine financial markets regulator, the National…
Larry Fink, the chief executive of BlackRock, announced on Friday, July 14, the importance of cryptocurrency in democratizing global investing. The CEO stated that crypto assets have gained popularity among company investors. Speaking at an interview with CNBC Squawk, the CEO confessed…
