Dubai’s crypto regulator cracks down on unlicensed firms
Dubai’s Virtual Assets Regulatory Authority issued fines ranging from $13,600 to $27,200 to seven entities operating without licenses or breaching marketing regulations.
Related Posts
Fed signals a sharp rate hike in March due to inflation — Here’s how Bitcoin traders can prepare
Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing the cost of capital, the Fed boosts the profitability of fixed-income instruments, but this is detrimental to the stock market, real estate,…
SoftBank Releases Debit Cards With Built-In Blockchain Wallet
Japanese holding company SoftBank has introduced a new debit card featuring a built-in cryptocurrency wallet.According to a press release on Dec. 1, SoftBank developed a debit card featuring a built-in blockchain wallet in collaboration with United States-based wallet card developer Dynamics. The new product is called SBC Wallet Cards and can be used as a…
Worldcoin partners with Alchemy to build blockchain infrastructure
Worldcoin revealed a partnership with Alchemy to build out infrastructure for its blockchain World Chain, which is also the new home for its World ID and World app.
Central Bank of Iran promises CBDC launch, fintech to fight sanctions
The digital rial is being developed for retail purposes so far, but the integration of Iranian payment systems with Russia may foil US sanctions.
Slow and steady is path to crypto riches says YouTube star
When Nicholas Merten saw a video explaining Bitcoin in November 2011, he brushed it off, later lamenting that “I unfortunately did not do the right thing.” It’s hard to blame him, after all, he was only 13. Now 23, he runs DataDash, a YouTube channel with over 470,000 subscribers, making it among the largest focused on…
Report: Blockchain and Crypto Firms in Malta Face Difficulty in Finding Banking Services
Blockchain companies in Malta are reportedly struggling with opening bank accounts, local news outlet the Times of Malta reported on Mar. 1.The Times of Malta allegedly contacted a number of legal firms and financial companies, who confirmed that banks were declining their applications to open bank accounts, saying that it was beyond their “risk appetite.”…
China Launches Blockchain-Based Service Network for Global Commercial Use
China launches its nationwide Blockchain-based Service Network for commercial use. 1357 Total views 49 Total shares Six months after the beta test launch, China’s Blockchain-based Service Network — or BSN — is now officially available for global commercial use. Various Chinese government officials and heads of organizations gathered for a meeting in Beijing on April 25…
Worldcoin fined again! Crypto store clerk runs off with $500K cash: Asia Express
Worldcoin fined over privacy rules in South Korea, Hong Kong crypto trading store clerk scarpers with customer’s $500K in cash: Asia Express.