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Uzbekistan blocks access to foreign crypto exchanges over unregistered trading
12.8.2022
The national regulator urges the industry players to comply with the local legislation
Mercado Libre to Expand Cryptocurrency Services to More Countries in Latam
12.8.2022
Mercado Libre, one of the biggest retailers in Latam, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, whose cryptocurrency services are now just available for customers in Brazil through Mercado Pago, its payments and digital...
Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil
12.8.2022
Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos...
Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers
12.8.2022
Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange’s former employee....
Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges
12.8.2022
Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation....
Binance Among Crypto Exchanges Blocked as Uzbekistan Clamps Down
11.8.2022
Belarus Issues International Arrest Warrant for Owner of Country’s ‘Largest Crypto Exchanger’
11.8.2022
Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus. The crypto trader has been accused of tax evasion and an investigation against three of his accomplices...
India's ED Probes at Least 10 Crypto Exchanges on Money Laundering Allegations: Report
11.8.2022
India's Enforcement Directorate estimates that the accused firms laundered more than Rs 1,000 crore or $130 million in the instant loan app case, according to the report
Crypto Exchanges Hotbit and Bitfinex Face Regulatory Headwinds
11.8.2022
China-based crypto exchange Hotbit has suspended withdrawals after its assets were frozen due to an ongoing investigation. Meanwhile, Tether's sister company Bitfinex is ostensibly facing legal investigation in the US.
Hotbit announced Wednesday that it has suspended trading, deposit, withdrawal...
Moroccan Capital Markets Regulator Launches Fintech Portal
11.8.2022
The Moroccan Capital Market Authority (AMMC), the capital markets regulatory body in Morocco, announced recently that it has launched a fintech portal on its website. The new portal has been created in order to facilitate exchanges between the regulator and “companies involved in...
Crypto Turmoil Latest: Nuri Files for Insolvency while CoinFlex Files for Restructuring
10.8.2022
The crypto winter continues to claim victims, with German crypto exchange Nuri and Africa-based CoinFlex being the latest to make moves.
Nuri GmbH, one of Germany’s largest crypto exchanges, has filed for insolvency with a Berlin court, the company said in an announcement on Tuesday....
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Coinbase Shares Drop as Crypto Winter Takes Toll on Exchange's Trading Volume
9.8.2022
Crypto exchange Coinbase faced earnings headwinds as the market rout and lessened trading activity took its toll
Crypto Casinos Are ‘Impossible to Rig Because the Game Is Hosted on a Blockchain’ — Online Casino Reviewer
9.8.2022
According to an igaming expert, Keane Ecclestone, crypto casinos are increasingly popular with bettors that value their privacy and security. While some perceive crypto casinos to be riskier than traditional online gambling platforms, Ecclestone believes bettors can play safely by choosing casinos...
Dozen Crypto Companies Await Portugal License Despite Bank Account Closures
8.8.2022
The central bank of Portugal is now reviewing 12 requests from businesses that want to provide crypto-related services in the country. The applications are pending decision amid recent reports that some commercial banks are closing accounts of already approved operators. Binance Among...
Binance CEO Warns ‘We Could Disable Wazirx Wallets’ — Advises Investors to Transfer Funds to Binance
7.8.2022
Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning numerous tweets by CZ and Wazirx’s founder regarding whether Binance...
India Freezes Crypto Exchange Wazirx’s Bank Assets — Binance Claims Acquisition of Wazirx Was ‘Never Completed’
6.8.2022
A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never...
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals
5.8.2022
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts....
Thai SEC approves four crypto firms despite Zipmex woes
5.8.2022
Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals
Portuguese Banks Stop Offering Services to Crypto Exchanges, Citing ‘Risk’ as Rationale
4.8.2022
Multiple Portuguese banks have begun closing accounts belonging to crypto exchanges due to “risk management”-related reasons – and the country’s central bank appears to have given the financial institutions its blessing....
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Solana wallets 'compromised and abandoned’ as users warned of scam solutions
3.8.2022
Solana users have been urged to move their funds to cold storage and be alert to possible scams after a major exploit of thousands of wallets sees more than $8 million stolen