Search Results for "services"
PayPal Acquires UK Crypto License
PayPal has secured a cryptocurrency license from the UK's Financial Conduct Authority, marking a strategic move amid post-Brexit adjustments, and transitioning UK clients from PayPal Europe to a new UK-based entity.
SEC Raises Objections to Celsius Network's Restructuring Plan Involving Coinbase
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to the Chapter 11 restructuring plan of crypto lending platform Celsius Network. The objection, dated September 22, 2023, specifically targets the company's proposed arrangement with Coinbase for distribution services. The SEC is also currently engaged in a lawsuit against Coinbase, adding another layer of complexity to the situation.
Blockchain Technology Powers Brazil's National Identity Card Issuance
Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.
UK Watchdog Proposes Tougher Advertising Rules
If the UK Government approves the FCA's plan, crypto businesses from abroad may have to meet additional conditions to advertise to UK clients.
Fidelity Envisions Metaverse NFT Marketplace And Financial Services
Fidelity Investments has applied for US trademarks for a nonfungible token (NFT) marketplace, metaverse financial investing, and crypto trading services. Fidelity might provide mutual funds, retirement funds, investment management, and financial planning in virtual environments. The company may develop a digital media marketplace online, but specifics are few.
SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
SBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.
Visa Integrating Cryptocurrency Services into Brazilian Banks
Visa is further expanding its cryptocurrency services. The payment giant firm is working in Brazil to integrate cryptocurrency services into the local banking system.
Japan's FSA Warns Binance and Others for Operating Without Registration
Japan's Financial Services Agency (FSA) has warned several foreign cryptocurrency exchanges, including Binance, of conducting business in the country without proper registration, violating the nation's fund settlement laws. The FSA has been cracking down on unregistered crypto exchanges since 2020, and this warning signifies that the cryptocurrency industry in Japan and other nations is facing greater regulatory scrutiny.
CertiK Outlines Mobile Blockchain Security Threats and Countermeasures
CertiK discussed security challenges of blockchain technologies on mobile platforms, including malware, insecure wallet apps, and network vulnerabilities, and provided countermeasures like reputable security solutions and regular updates.
DBS Declines to Offer Crypto Services to Retail Customers as Regulation Stiffens
Since regulators consider crypto coins to be ill-suited for retail consumers, DBS bank said that it will not offer such products to retail-banking clients any time soon.
Coinbase CFO Alesia Haas to Speak at Barclays Global Financial Services Conference
Alesia Haas, chief financial officer of Coinbase Global, will participate in a fireside discussion at the Barclays Global Financial Services Conference on September 12, 2023. The event will cover Coinbase's financial performance, strategic goals, and insights on the cryptocurrency industry, highlighting its significant influence in the cryptoeconomy.
Rep. French Hill Eyes Financial Services Committee Leadership Amid Crypto Focus
Arkansas Rep. French Hill is poised to assume leadership of the House Financial Services Committee, bringing a crypto-savvy perspective to the role.