UN, Envision and HBAR Collaborate to Launch Digitization Platform for Carbon Market

by Александр Пирогов | Dec 5, 2023 | Blog News

Developed in collaboration with the UN Climate Change Global Innovation Hub (GIH), Envision Blockchain, in partnership with the HBAR Foundation and Swirlds Labs, aims to use decentralized blockchain technology for the digital transformation of carbon markets by...

28 Indian VASP Register with Country’s AML Unit FIU-IND

by Александр Пирогов | Dec 5, 2023 | Blog News

As part of regulatory compliance, 28 Virtual Digital Assets (VDA) or crypto service providers have registered with India’s Financial Intelligence Unit (FIU). The registration is in accordance with the mandate from India’s Finance Ministry, which requires...

Crypto.com Receives Authorization as an e-Money Institution in the UK

by Александр Пирогов | Dec 5, 2023 | Blog News

Crypto.com has obtained authorization to operate as an electronic money institution in the United Kingdom. The approval from the Financial Conduct Authority (FCA) allows Crypto.com, registered as Forisgfs UK, to offer e-money products in the UK. The company has been...

South African Regulator Set to Consider Licensing

by Александр Пирогов | Dec 5, 2023 | Blog News

The Financial Sector Conduct Authority (FSCA), South Africa’s principal financial regulator, has reviewed 128 applications from crypto service asset providers (CASPs) and plans to discuss 36 of them during its December 12 Licensing Executive Committee meeting....

U.S. Investigates into Bitcoin’s Role in Cybersecurity

by Александр Пирогов | Dec 4, 2023 | Blog News

A member of the United States Space Force, Jason Lowery, has written a letter to the U.S. Defense Innovation Board, urging a formal investigation into the use of proof-of-work networks, like Bitcoin, for protecting the country from cyber-inflicted warfare. Lowery...

SoFi Exits Crypto Business Amid Regulatory Scrutiny

by Александр Пирогов | Dec 4, 2023 | Blog News

SoFi, the financial services platform that entered the crypto trading space in 2019, is shutting down its crypto business due to increased regulatory scrutiny. New account creation has been disabled, and existing users have a three-week window to migrate their crypto...