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Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’
16.8.2022
The Federal Reserve (Fed)'s governing board has unveiled guidelines that will standardize applications for “master accounts” from institutions “with novel charters,” including “cryptocurrency custody banks and their trade associations.”...
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Fed to issue long-awaited guidelines for granting master accounts to crypto banks
15.8.2022
The U.S. Federal Reserve Board has finalized tiered guidelines for granting Federal Reserve accounts, with Wyoming’s crypto banks likely to fall under most scrutiny
India Freezes Peter Thiel-Backed Vauld’s Crypto and Bank Assets Worth $46 Million
13.8.2022
India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore ($46,439,181). Vauld halted deposits and withdrawals last month. The Indian law enforcement agency is reportedly investigating more than 10 cryptocurrency...
dYdX confirms blocking (and unblocking) some accounts linked to Tornado Cash
11.8.2022
The platform said it has used compliance vendors to scan for and flag accounts potentially associated with illicit activities, including sanctions lists for many countries
How to earn interest from crypto saving accounts?
11.8.2022
Crypto investors can earn interest via crypto lending by finding a cryptocurrency exchange or DApp that offers a crypto interest account
Email Marketing Firm Mailchimp Suspends Several Crypto-Related Accounts
11.8.2022
The suspension of crypto-related accounts appears to have been going on for several weeks
Crypto Exchange dYdX Blocked Accounts That Received Even Small Amounts From Tornado Cash
11.8.2022
Cryptocurrency exchange dYdX said it blocked user accounts with an association with Tornado Cash, the crypto-mixing service recently sanctioned by the U.S. Treasury
Chinese Web Censor Resolves to Keep Cracking Down on Crypto After Closing 12K Social Media Accounts
11.8.2022
China’s internet censor has struck again – and says it will continue to carry out a national crypto crackdown after closing thousands of crypto-related social media accounts and ordering the deletion of tens of thousands of crypto-themed posts....
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Report: Nearly 13,000 Chinese Social Media Accounts Promoting Virtual Currency Closed
10.8.2022
Nearly 13,000 Chinese social media accounts that allegedly promoted virtual currency investments were closed, the Cyberspace Administration of China recently revealed. In addition, some 51,000 social media posts with content relating to the marketing or promotion of investments in virtual...
Colombians Make Up 20% of the Customers of New Gen Crypto-Powered Accounts According to BBVA
9.8.2022
BBVA, a private bank based in Spain, released an article that states Latam users are very interested in their crypto-powered solutions. The institution informed that close to 20% of the users of their New Gen accounts, which are available from Switzerland, are Colombians who are attracted by...
Elon Musk Challenges Twitter’s CEO to Public Debate on Fake Accounts and Spam Bots
9.8.2022
Tesla and Spacex CEO Elon Musk has challenged Twitter’s CEO to a public debate over the platform’s fake accounts and spam bots. A recent poll conducted by Musk showed that nearly 65% of respondents do not believe that less than 5% of Twitter daily users are fake or spam. Musk...
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...
Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts
6.8.2022
Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash...
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....
Here's Why Portuguese Banks Are Closing Crypto Exchange Accounts
4.8.2022
In the past year, at least three exchanges have had their accounts shut down with major Portuguese banks, despite obtaining regulatory approval to operate in the country. And although some anticipate the MiCA bill to allow exchanges to do so, others are pessimistic about its reach
Portuguese banks shutting crypto accounts citing risk management concerns
4.8.2022
The Bank of Portugal has licensed all of the exchanges that have had their accounts closed, including Criptoloja, Mind The Coin and Luso Digital Assets
Latvian Artist Threatened With Prison for Money Laundering Through NFTs
26.7.2022
An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities have blocked his bank accounts and launched an investigation without even notifying him. Artist Who Sold Over 3,500 NFTs...
US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn
25.7.2022
The financial regulator of the U.S. state of Arizona has warned investors about crypto interest-bearing accounts. “Some companies may materially overstate the degree to which their collateral practices protect their ability to pay investors the stated return,” the regulator said....
Neopets Hacker Steals 69 Million Accounts, Tries To Sell Them For Bitcoin
21.7.2022
A rogue hacker has reportedly stolen over 69 million Neopets accounts, and is currently attempting to sell the information for roughly $92,000 in bitcoin. Read more