NIGERIAN SOCIAL PAYMENTS APP BUNDLE CEASES CRYPTO EXCHANGE OPERATIONS |1300 HKT | 0600 UKT | 24 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

Bundle, a social payments app based in Nigeria, has announced its decision to discontinue its crypto exchange operations. As announced on 20 July, the company’s shareholders have decided to concentrate on its payment solution Cashlink that meets the Web3 ecosystem’s...

RIPPLE SEEKS UK CRYPTO LICENCE FOLLOWING PARTIAL WIN IN SEC CASE |1300 HKT | 0600 UKT | 24 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

Payments network and technology company Ripple has reportedly applied to register as a crypto asset firm with the UK Financial Conduct Authority (FCA), while also pursuing a payments licence in Ireland. This comes after Ripple’s partial triumph in the US court, which...

UK FINANCIAL CONDUCT AUTHORITY LAUNCHES PERMANENT DIGITAL SANDBOX FOR TECH FIRMS |1300 HKT | 0600 UKT | 21 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

UK Financial Conduct Authority (FCA) announced on 20 July the launch of its Digital Sandbox, a permanent platform designed to support tech firms in early product development stages. Starting from 1 August, the platform provides a secure testing environment for...

UK FINANCIAL SERVICES MINISTER OPPOSES TREATING CRYPTO AS GAMBLING |1300 HKT | 0600 UKT | 21 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

UK Financial Services Minister Andrew Griffith has refuted a report published by the Parliament’s Treasury Select Committee in May to regulate cryptocurrencies as gambling rather than financial service due to significant risks posed by unbacked cryptocurrencies to...

KUWAIT BANS MOST CRYPTO-RELATED ACTIVITIES |1300 HKT | 0600 UKT | 21 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

Kuwait’s Capital Markets Authority (CMA) announced a complete ban on most cryptocurrency-related activities, including payments, investments, and mining, according to a circular released on 18 July. This includes prohibiting local regulators from licensing businesses...

NASDAQ SUSPENDS CRYPTO CUSTODY LAUNCH DUE TO REGULATORY CONCERNS |1300 HKT | 0600 UKT | 20 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

Nasdaq has reportedly suspended the rollout of its own cryptocurrency custody service, which was initially scheduled for a Q2 2023 launch. The decision comes in response to regulatory uncertainty in the US, as announced by CEO Adena Friedman during the Q2 results...