UK’s FCA accepts 29 crypto startups to regulatory sandbox
The UK’s Financial Conduct Authority (FCA) has accepted 29 companies into cohort 4 of its regulatory sandbox, designed to create a safe space for innovation in crypto assets.
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Israeli exchange Bits of Gold agrees to snitch on big crypto traders
Bits of Gold, the Tel Aviv exchange with over 50,000 different customers, has said it will comply with the demands of the Israel Tax Authority by referring information on any traders clearing over $50,000 in any 12-month period.
Zebpay shuts down fiat services as India’s crypto ban looms
Indian cryptocurrency exchange Zebpay has halted deposits and withdrawals in Indian rupees, ahead of the pending ban on cryptocurrency businesses that came into force on Thursday.
Crypto trading app Robinhood eyes US banking license
Robinhood Markets Inc. is reportedly in talks with regulators in the United States to secure a license allowing it to offer a broader range of products, including savings accounts and other traditional banking services.
Philippine bank brings blockchain remittance service to Japan
Explore how a Philippine bank revolutionizes remittances in Japan with blockchain technology.
Legal challenge to CFTC may set precedent for crypto regulations in US
The legal challenge concerns a relatively unknown cryptocurrency, My Big Coin, which the CFTC alleges has been involved in a fraud estimated at $6 million.
China’s JD.com prepares for asset-backed securities on blockchain
Chinese ecommerce giant JD.com has announced it is planning to launch asset-backed securities powered by blockchain.
Pocket-sized Keywallet Touch wallet utilizes FIDO U2F, NFC
South Korean financial firm Keypair has started offering a pocket-size NFC cryptocurrency wallet resembling a standard credit card.
Coinbase ‘on track’ to US regulatory nod for crypto securities listing
Securing a regulatory approval in the U.S. will allow Coinbase to operate across the country under the oversight of the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).
Fujitsu rolls out blockchain loyalty rewards for retail sector
The ‘Fujitsu Intelligent Society Solution Blockchain Asset Service’ will be interoperable with smart applications, helping encourage uptake in marketing events.
Top court seizes $1.4M in BTC in South Korean criminal trial
The Supreme Court of South Korea has ruled that cryptocurrencies are eligible for confiscation in enforcement action against criminals, paving the way for the seizure of some $1.4 million in a high-profile child pornography case.
Alabama regulators ‘crypto sweep’ 5 firms over fraud claims
The Alabama Security Commission has sent cease and desist letters to five crypto companies suspected of violating securities laws, as part of a wider crackdown known as ‘Operation Crypto-Sweep.’