Tag: Crypto
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KuCoin taps Revolut to streamline euro-to-crypto purchases
KuCoin, one of the leading cryptocurrency exchanges, has partnered with Revolut, a popular fintech app, to simplify the process of purchasing cryptocurrencies with euros. This partnership aims to provide a seamless and user-friendly experience for individuals looking to invest in digital assets. Revolut is known for its innovative approach to banking and finance, offering a…
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Swoo offers crypto cashback services via Mastercard partnership
Swoo, a leading cashback platform, has partnered with Mastercard to offer crypto cashback services to its users. This strategic partnership brings together the convenience of cashback rewards with the innovative world of cryptocurrency. Users of Swoo will now have the option to receive their cashback rewards in various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. This…
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Mastercard partners with Swoo to offer crypto cashback services
Mastercard has announced a new partnership with Swoo to offer crypto cashback services to its customers. This collaboration will allow Mastercard users to earn cashback rewards in the form of cryptocurrency when they make purchases using their Mastercard. With the increasing popularity of cryptocurrency, Mastercard is looking to cater to the growing demand for digital…
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IDnow joins EU crypto compliance consortium
August 25, 2022 – IDnow, a leading provider of digital identity verification solutions, has announced its membership in the EU Crypto Compliance Consortium. This strategic move demonstrates IDnow’s commitment to enhancing the security and compliance aspects of cryptocurrency transactions within the European Union. The EU Crypto Compliance Consortium is a collaborative initiative composed of industry…
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Crypto wallet app COCA launches virtual cards
Introducing COCA’s Virtual Cards COCA, the popular crypto wallet app, has recently announced the launch of its highly anticipated virtual cards. This new addition to their app is set to transform the way users utilize their cryptocurrency holdings. With a virtual card, COCA users will be able to seamlessly make purchases across various online platforms…
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Crypto Finance obtains four licences in Germany
Breaking News: Crypto Finance granted four licenses in Germany In a significant development for the crypto industry, Crypto Finance AG, a leading provider of institutional and professional-grade crypto investment services, has successfully obtained four licenses from the Federal Financial Supervisory Authority (BaFin) of Germany. The licenses, allowing Crypto Finance to legally conduct business in Germany,…
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Spain targets crypto and NFTs with a new tax reform
Spain has recently announced a new tax reform aimed at regulating and taxing cryptocurrencies and non-fungible tokens (NFTs). The government has recognized the significant growth and popularity of these digital assets and seeks to establish a framework that ensures fair taxation. The tax reform includes the imposition of capital gains tax on cryptocurrency transactions. This…
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Celsius issues creditors USD 3 bln in crypto in exit from bankruptcy
In a groundbreaking move, Celsius, a prominent financial services company, has announced that it will issue its creditors a total of USD 3 billion in cryptocurrencies as part of its successful exit from bankruptcy. After months of strategic planning and negotiations, Celsius has devised a unique resolution that benefits both the company and its creditors.…
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Bitfinex Securities launches digital asset services in El Salvador
Bitfinex Securities, a leading digital asset exchange platform, has announced the launch of its services in El Salvador, opening up new opportunities for users in the country. This milestone is a significant step towards the widespread acceptance and adoption of digital assets, such as cryptocurrencies, in El Salvador. The launch comes shortly after El Salvador…
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DOJ and SEC expose charges in HyperFund crypto fraud
DOJ and SEC Expose Charges in HyperFund Crypto Fraud Stay informed with the latest developments in the world of crypto. Background: HyperFund HyperFund, a prominent cryptocurrency investment platform, has recently faced allegations of fraud and illegal activities. The United States Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have jointly taken action…
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EU tightens AML rules for crypto and luxury markets
EU tightens Anti-Money Laundering (AML) rules for cryptocurrency and luxury markets In recent developments, the European Union (EU) has significantly strengthened its Anti-Money Laundering (AML) regulations for both the cryptocurrency and luxury markets. With the intention to combat illicit financial activities and enhance financial transparency, these measures aim to impose stricter rules and obligations on…
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Coinbase faces SEC scrutiny in crypto securities case
The popular cryptocurrency exchange Coinbase is now facing scrutiny from the US Securities and Exchange Commission (SEC) over allegations that some of its offerings qualify as securities under federal law. This case marks a significant development in the regulatory landscape surrounding cryptocurrencies and highlights the necessity for clearer guidelines in the ever-evolving digital asset market.…
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Crypto reaches a turning point as the SEC approves Bitcoin ETFs
By OpenAI Assistant The SEC approval of Bitcoin ETFs marks a significant milestone in the world of cryptocurrencies. Introduction In a game-changing move, the U.S. Securities and Exchange Commission (SEC) has officially approved several Bitcoin exchange-traded funds (ETFs). This decision is expected to have a profound impact on the crypto industry and marks a significant…
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Crypto and fintech groups faced unprecedented fines in 2023
Crypto and Fintech Groups Faced Unprecedented Fines in 2023 Published: November 5, 2023 Written by: John Doe The Rise of Crypto and Fintech Industry The year 2023 marked a significant turning point for the crypto and fintech industry. With digital currencies gaining widespread adoption and fintech companies revolutionizing financial services, their growth seemed unstoppable. However,…
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Coinbase secures crypto licence in France
Coinbase Secures Crypto Licence in France Published on October 15, 2021 Introduction In a significant move towards expanding its presence in Europe, Coinbase, one of the world’s leading cryptocurrency exchanges, has been granted a crypto licence by the French authorities. This development marks a major milestone for Coinbase, as it positions itself firmly in the…
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Crypto.com obtains an Electronic Money Institution licence in the UK
In a significant development, Crypto.com, a leading cryptocurrency exchange and payment provider, announced that it has successfully acquired an Electronic Money Institution (EMI) licence in the United Kingdom. This licence amplifies the company’s capabilities in providing a broader range of financial services to its users in the UK. The EMI licence allows Crypto.com to issue…
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Binance agrees to USD 4 billion settlement in US crypto probe
In a landmark development, Binance, one of the largest cryptocurrency exchanges, has agreed to a massive USD 4 billion settlement following a probe conducted by US authorities. The settlement comes as a result of allegations of regulatory violations and concerns around anti-money laundering protocols. Binance, headquartered in the Cayman Islands but with a wide global…
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Commerzbank can now offer crypto custody services in Germany
Commerzbank, one of Germany’s leading financial institutions, has announced that it is now able to offer crypto custody services to its clients. This move comes as part of the bank’s efforts to adapt to the changing digital landscape and tap into the growing demand for cryptocurrencies. With this new offering, Commerzbank aims to provide a…
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Turkey plans to finalise crypto regulations in 2024
Turkey Plans to Finalize Crypto Regulations in 2024 In a move to bring clarity and regulatory oversight to the crypto industry, Turkey has announced its plans to finalize crypto regulations by the year 2024. This decision comes as cryptocurrencies gain more recognition and popularity worldwide. With the rapid growth of cryptocurrencies and their significance…
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BitPay partners with Banxa to expand crypto payments access
BitPay, the world’s leading provider of Bitcoin and cryptocurrency payment services, has recently announced a strategic partnership with Banxa, a globally compliant fiat-to-cryptocurrency gateway solution. This collaboration aims to broaden the access to crypto payments worldwide. BitPay’s mission has always been to enable businesses and individuals to easily transact using cryptocurrencies. With this new…