Standard Chartered and cryptocurrency exchange OKX are launching a pilot program allowing institutions to utilize crypto assets and tokenized money market funds (MMFs) as collateral. This novel approach, […]
Block Faces $40 Million Penalty for Regulatory Violations
The New York Department of Financial Services (NYDFS) has imposed a hefty $40 million penalty on cryptocurrency firm Block for failing to implement robust compliance protocols. Concerns regarding […]
Revolut Faces €3.5 Million Fine for Money Laundering Violations
The Lithuanian banking regulator has fined Revolut €3.5 million due to regulatory failings in its money laundering controls. This maximum penalty was imposed following a review of the […]
Taurus Launches Network for Secure Cross-Border Collaboration Between Banks
Swiss fintech company, Taurus, has unveiled a groundbreaking platform called Taurus-NETWORK designed to simplify and secure cross-border collaboration between financial institutions. This new solution allows regulated entities worldwide […]
SEC’s Regulatory Framework Fails to Manage Crypto Projects
A House Committee hearing on April 9th revealed a concerning lack of success for crypto projects seeking registration with the SEC. Special counsel Rodrigo Seira, from Cooley LLP, […]
Taurus Launches Interbank Network for Digital Asset Transactions
Swiss cryptocurrency fintech Taurus has launched a dedicated interbank network specifically tailored for regulated institutions involved in digital asset operations. The network, called Taurus-Network (TN), aims to streamline […]
Kraken & Mastercard Launch Crypto Debit Cards in Europe for Easier Spending
Kraken and Mastercard have announced a partnership to offer cryptocurrency debit cards to European users, making it easier to use digital assets for everyday purchases. Starting soon, eligible […]
Unlocking Crypto’s Potential: Korean Bank CEO Proposes Multi-Bank Partnerships for Exchanges
South Korea’s cryptocurrency industry is poised for a significant transformation as Woori Bank’s CEO, Jung Jin-wan, advocates for a move away from the current one-bank-per-exchange model. This proposal […]
Hex Trust & IDA Partner for Institutional-Grade Stablecoin Custody
Hong Kong-based digital assets financial institution Hex Trust has partnered with IDA, a leading fintech firm in the region, to provide institutional-grade custody services for stablecoin products. This […]
BitGo and Voltage Enhance Cryptocurrency Transaction Speeds with Lightning Integration
BitGo and Voltage have joined forces to significantly boost the speed and affordability of cryptocurrency transactions. This strategic alliance integrates the Lightning Network into BitGo’s existing infrastructure, offering […]
Revolut Faces €3.5 Million Fine in Lithuania for Money Laundering Violations
The Lithuanian financial regulator has fined British fintech giant Revolut €3.5 million as a result of significant failures in its money laundering controls. This penalty, the maximum allowed […]
FXB Payment Summit 2025: Shaping the Future of Cross-Border Payments
The third edition of the Future Cross-Border Payments Summit (FXB Payment Summit 2025) is set to take place in Dubai on April 15, 2025. This premier event, hosted […]
Australia Cracks Down on 95 Firms Linked to Crypto Investment Scams
Australia has taken down 95 businesses suspected of running deceptive cryptocurrency investment and romance scams. The Australian Securities and Investments Commission (ASIC) announced the closure following a Federal […]
Tokenization Forecast: A $18.9 Trillion Market by 2033
A new study projects a dramatic expansion of the tokenized asset market, reaching an astounding $18.9 trillion by 2033. This growth is driven by technology advancements and increased […]
Ripple Calls for UK Crypto Regulation Action to Fuel Fintech Boom
Blockchain firm Ripple advocates for the United Kingdom’s proactive approach to crypto regulations, emphasizing its potential as a global fintech leader. In a recent summit organized by Innovate […]