India’s ICICI bank shuts out remittance users from digital currencies
ICICI Bank has been gradually shutting out digital currency ties in recent months, in line with actions taken by its peers including Yes Bank and IDFC First Bank.
ICICI Bank has been gradually shutting out digital currency ties in recent months, in line with actions taken by its peers including Yes Bank and IDFC First Bank.
The head of the Financial Services Commission said that these exchanges must comply with the revised laws that requires exchanges to establish banking relationships and verify users’ identities.
The Dutch central bank has taken a U-turn on KYC and AML requirements it had imposed on digital asset providers, after the court directed it to consider the objections raised by the Bitonic exchange.
Binance has of late found itself being called to task by financial regulators in a growing number of jurisdictions, prompting a number of financial institutions to block payments to the site.
The bill seeks to allow employees and service exporters to receive part or their full salary in digital currencies in a bid to preserve its purchasing power.
In a regulatory filing with the U.S. Securities and Exchange Commission, the company revealed it’s facing the penalties over issues related primarily to anti-money laundering and cybersecurity.
Nationwide Building Society will review its policies around digital currency, in a move that could see further scrutiny for customers engaging with cryptocurrencies through Nationwide accounts.
Prosecutors are preparing to enforce powers which could see them taking control of digital currency found to have been obtained illegally or in connection with crime.
Authorities from the People's Bank of China recently issued a notice warning local institutions not to provide digital currency-related companies' services.
Documents published by the European Union show plans are already at a developed stage for the body, which would seek to enforce new rules on the transparency of digital currency asset transfers.
Troubled cryptocurrency exchange Binance is furiously promoting its compliance theater efforts but regulators across the globe continue to throw rotten fruit at the stage.
REvil, a ransomware group linked to Russia, deployed a malicious software update that hit Kaseya, compromising more than a million computers and stealing data by attacking Kaseya customers.