BINANCE GAINS APPROVAL FOR OFFERING CRYPTO SERVICES IN EL SALVADOR |1300 HKT | 0600 UKT | 12 Aug 2023

by Александр Пирогов | Aug 28, 2023 | Blog News

The world’s largest cryptocurrency exchange Binance has reportedly received regulatory approval from El Salvador’s Central Reserve Bank and the National Commission of Digital Assets. The licences will allow Binance to introduce tailor-made crypto-related products and...

PAYPAL PARTNERS WITH PAXOS TO LAUNCH USD STABLECOIN |1300 HKT | 0600 UKT | 12 Aug 2023

by Александр Пирогов | Aug 28, 2023 | Blog News

US payments giant PayPal announced on 7 August the launch of a dollar-backed stablecoin named “PayPal USD”. This launch comes despite the increasing regulatory scrutiny of the crypto sector in the US, leading some firms, like Revolut, to withdraw their crypto...

REVOLUT HALTS CRYPTO SERVICES FOR US CUSTOMERS DUE TO REGULATORY UNCERTAINTIES |1300 HKT | 0600 UKT | 10 Aug 2023

by Александр Пирогов | Aug 11, 2023 | Blog News

British fintech firm Revolut has reportedly decided to halt cryptocurrency services for its US customers due to mounting regulatory complexities and market instability. Starting 2 September, US users will no longer be able to purchase cryptocurrencies on the platform....

HASHKEY TO OFFER CRYPTO SERVICES TO HONG KONG RETAIL CUSTOMERS |1300 HKT | 0600 UKT | 10 Aug 2023

by Александр Пирогов | Aug 11, 2023 | Blog News

HashKey is set to become Hong Kong’s first licensed cryptocurrency exchange offering services to retail users following the licence update from the Hong Kong Securities and Futures Commission. Securing its Type 1 (dealing in securities) and a Type 7 (providing...

BRAZIL’S CENTRAL BANK SETS TO LAUNCH ITS DIGITAL CURRENCY IN 2024 |1300 HKT | 0600 UKT | 10 Aug 2023

by Александр Пирогов | Aug 11, 2023 | Blog News

Brazil’s central bank has unveiled its digital currency, DREX, set to launch in 2024 to enhance the country’s financial services. DREX will employ distributed ledger technology (DLT) for wholesale interbank transaction settlements and offer retail access through...

GAMESTOP TO RETRACT CRYPTO WALLETS IN LIGHT OF REGULATORY UNCERTAINTIES |1300 HKT | 0600 UKT | 2 Aug 2023

by Александр Пирогов | Aug 11, 2023 | Blog News

GameStop, the well-known gaming retail company, has announced its decision to stop offering iOS and Chrome Extension wallets from 1 November due to regulatory uncertainties in the industry. In an announcement on its website, GameStop advises users to secure their...