Sygnum Singapore has successfully secured in-principle approval of its Major Payment Institution License (MPIL) application from the Monetary Authority of Singapore (MAS). The license enables the bank to offer its clients regulated crypto brokerage services. Sygnum Singapore, the Southeast Asian arm of Switzerland’s...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied OKX is expanding its operations to Hong Kong. Users can access P2P transactions or third-party providers like ApplePay, Visa, and Mastercard to purchase cryptocurrencies using HKD. Users will be...
Liechtenstein’s Prime Minister, Daniel Risch, has announced plans to allow citizens to pay for government services using bitcoin. In a May 7 interview, Risch stated that a bitcoin payment option is coming, without providing further details. The European microstate plans to accept payments...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dubai-based crypto exchange Bybit has introduced crypto lending services to its portfolio of services. This allows users to earn passive interest income on their idle cryptocurrency assets. According to...
An unnamed Bitcoin user reportedly hacked hundreds of wallets purportedly controlled by Russian security services, stealing coins and sending them to addresses belonging to Ukrainian volunteers engaged in the war. According to a now-deleted report by on-chain data analysis firm, Chainalysis, from Feb....
According to incoming reports, the European crypto-lending platform CoinLoan, acting under the license of the Estonian Financial Authority since 2017, halted all its operations following a court notice. Estonian regulators recently prohibited CoinLoan from disposing of any assets without getting direct provisional consent...
According to a SEC filing, Metropolitan Commercial Bank is almost done terminating its crypto-related services. The bank currently has $278.5 million in deposits tied to cryptos. The bank reported that its withdrawal from the crypto industry was nearly complete and that its core...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The United Arab Emirates (UAE) government financial regulatory body has stated that it would begin accepting license applications from businesses that want to offer virtual asset services inside the...
The European Parliament is moving forward with discussions on amending the European Digital Identity (eID) framework and establishing the European Digital Identity Wallet (EUDI Wallet) to offer E.U. citizens a secure and convenient way to access public services. On March 15, the European...
Franklin, a company offering tax-compliant hybrid crypto and cash payroll solutions for businesses, has raised $2.9 million in a seed funding round led by gumi Cryptos Capital and CMT Digital. Franklin offers hybrid crypto and cash payroll services compliant with tax regulations for...