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PayPal halting UK cryptocurrency purchases

With an anticipated return in early 2024, PayPal (NASDAQ: PYPL) has announced that it will temporarily halt crypto purchasing services in the UK starting on October 1, 2023. The move was made in response to new regulatory demands made by the UK Financial Conduct Authority (FCA), as explained in an email sent to a limited […] The post PayPal halting UK cryptocurrency purchases appeared first on Invezz. дальше »

2023-8-17 14:54


Societe Generale Makes Crypto History, Whales Eye Borroe as it Introduces Unprecedented AI-Powered NFT Marketplace

The world of cryptocurrency is witnessing an unprecedented shift as financial services company Societe Generale secures a historic regulatory license in France. This groundbreaking move has caught the attention of crypto whales, who are now setting their sights on Borroe ($ROE), an innovative project that is poised to redefine the Web3 funding landscape with its […] дальше »

2023-8-13 05:24


Rep. Maxine Waters criticizes PayPal’s stablecoin, demands regulation on par with financial institutions

Democratic U. S. Congresswoman and House Financial Services Committee Ranking Member Maxine Waters criticized PayPal’s stablecoin on Aug. 9. Waters said in a statement: “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation, oversight, and enforcement of these assets. дальше »

2023-8-10 04:00


Binance Moves Into The El Salvador Market With Two Crypto Licenses

Binance, the world’s largest cryptocurrency exchange by trading volume, has recorded another significant milestone as it becomes licensed to render cryptocurrency services in El Salvador. Leading The Charge For Global Crypto Adoption Binance has become the first fully licensed cryptocurrency exchange in El Salvador, receiving both the first non-provisional Digital Assets Services Provider (DASP) license […] дальше »

2023-8-9 14:00


US Congressman McHenry Praises Stablecoins, Calls Them Vital To 21st-Century Payments

In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD.  This development comes shortly after the House Financial Services Committee passed the Clarity for Payment Stablecoins Act, a bipartisan legislation that paves the way for regulated stablecoin issuers, […] дальше »

2023-8-8 06:00


House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system. дальше »

2023-8-8 04:00


Crypto-Friendly Bank Revolut Shuts Down Services In The US

Global neobank and financial services company, Revolut shocks the US crypto community with news of its decision to discontinue and prohibit cryptocurrency services for its US customers.  Revolut’s US crypto termination decision is a significant setback for US users who use the banking platform to access and manage their cryptocurrency assets. The news could possibly […] дальше »

2023-8-5 01:00


Revolut to terminate US crypto services due to regulatory challenges

Key takeaways Fintech firm Revolut is set to terminate its cryptocurrency services to users in the United States. The firm cited the current regulatory environment as the reason behind its exit. Revolut to halt crypto services in the US UK fintech firm Revolut has revealed that it would no longer provide cryptocurrency services to its […] The post Revolut to terminate US crypto services due to regulatory challenges appeared first on CoinJournal. дальше »

2023-8-4 17:45


US exodus as Revolut now ‘suspends’ crypto access in country amid regulatory uncertainty

Amid the evolving landscape of crypto regulation in the United States, financial technology company Revolut has announced it is “suspending” crypto services in the US. A Revolut spokesperson told CryptoSlate, the company, together with its US banking partner, will suspend access to cryptocurrencies for its US customers starting Sept. дальше »

2023-8-4 15:01