Latest News for: Crypto financial services

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FCA Executive Defends Rigorous Crypto Registration Process

CoinGape 18 Apr 2024
Consumers have the opportunity to benefit from such measures because they reduce the risk of fraud and make sure that only “financially” solid and ”ethically” operated companies can offer crypto services.
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Moneybees, Tambunting join forces to bring crypto services

The Manila Times 18 Apr 2024
The partnership aims to improve access to financial services for crypto enthusiasts, particularly in Forbes Park in Makati and rural and remote areas nationwide ... in the financial sector.
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In markets, this time is almost never different. This Bitcoin halving is different.

Kraken 18 Apr 2024
Crypto asset investments are unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will assist or protect you in the event that something goes wrong with your crypto asset investments.
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EU Cracks Down on Social Media Influencers, Including 20 Greeks

Greek Reporter 18 Apr 2024
The Commission study found that 119 influencers were promoting unhealthy or hazardous activities, such as junk food, alcoholic beverages, medical or aesthetic treatments, gambling, or financial services such as crypto trading.
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South Korean Won Takes The Lead In Crypto Trading Surge, Outpacing US Dollar In Q1

Bitcoinist 17 Apr 2024
Additionally, in a move to regulate the crypto sector in the region, South Korea’s Financial Supervisory Service (FSS) Chairman, Lee Bok-hyun, is scheduled to meet with the United States ...
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How Bitcoin could impact financial inclusivity among minority groups

Bitcoin Magazine 16 Apr 2024
The preference for crypto over traditional banking and financial services is not just a matter of convenience but a necessity in regions where local currencies are losing value, as seen in countries like Nigeria and Kenya​.
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Going Crypto: Major UK Banking Firms Test Tokenized Deposits

Bitcoinist 16 Apr 2024
UK Finance, the trade association representing the UK banking and financial services industry, is spearheading a pioneering pilot program aimed at leveraging crypto and blockchain technology to track financial transactions.
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Barclays, Lloyds Testing Tokenized Deposits In Britain: Report

CoinGape 16 Apr 2024
UK Finance, a trade association for the United Kingdom banking and financial services sector seeks to expand its pilot of an experimental shared ledger to track financial firm’s payments ... service.
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South African Regulator Grants Approval to 59 Crypto Platforms for Resident Services

Bitcoin World 15 Apr 2024
South African financial regulator, the Financial Sector Conduct Authority (FSCA), has granted approval to 59 license applications from crypto platforms seeking to offer services to residents.
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UK to legislate ‘whole host’ of crypto activities starting in the summer

Cryptoslate 15 Apr 2024
The rules also allow companies to provide crypto exchange services and custody over customer crypto holdings ... The rules avoid banning crypto or treating unbacked crypto as a form of gambling rather than a regulated financial service.
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Whales Are Buying Ethereum Like Crazy Amid ETH Price Drop

Bitcoin World 15 Apr 2024
Matrixport, a prominent player in the crypto financial services sector, has been actively involved in facilitating digital asset management and trading for institutional and retail investors globally.
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UK to enforce new crypto law by mid-2024, official says

Cryptopolitan 15 Apr 2024
... the Financial Services and Markets Act, which was passed in the same month. This act—the crypto industry’s main capstone activity—was as much a regulated service as it was a financial activity.
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Crypto Exchange VALR Receives Regulatory Nod in South Africa

CoinGape 15 Apr 2024
... Services (FAIS) Act, is specifically aimed at protecting consumers and investors by setting transparent standards and requirements for the providers of financial services in the crypto space.
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Germany’s Largest Federal Bank To Offer Crypto Services In Q2

Bitcoinist 15 Apr 2024
Similarly, Deutsche Bank has also applied for a custody license, signaling a strengthening interest in crypto assets among major financial institutions.
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VALR, South Africa’s Leading Crypto Exchange, Receives Regulatory License as Crypto Asset Service Provider (CASP)

CryptoPotato 15 Apr 2024
The South African regulatory authority has established a regulatory framework for CASPs, a sector encompassing crypto asset exchanges, wallet providers, custodians and other providers of financial services in respect of crypto assets.
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