Customers Financial News
15.12 / 13:37
BLOCK
Square
Bitcoin
Customers
Block's Cash App to Allow its 40M Customers to Gift Bitcoin
Jack Dorsey's payment firm Block, previously called Square, has unveiled a new Cash App feature that will allow users to gift family and friends crypto and stock over the holiday season.
10.12 / 14:31
cryptocurrency
Parliament
coindcx
Finance Minister
FEMA
Customers
Exclusive | Introduce licensing for exchanges, KYC and FEMA norms for customers: crypto industry tells Parliamentary panel
The crypto industry body has suggested that the government can regulate cryptocurrencies by introducing a licensing regime for exchanges and other intermediaries and bringing in strict norms to track funds used in crypto trading, Moneycontrol has learnt from sources.
06.12 / 18:15
COST
Provident
Lowe's
Customers
ICICI Lombard customers to get Cashless OPD service through MedPay CCN
To further enhance the customers’ service experience with the necessary support of technology, ICICI Lombard, along with Medway Technologies’ MedPay, has announced plans to provide customers with a cashless and seamless claims experience.
30.11 / 23:19
UPS
Huobi
Customers
Huobi chooses Singapore as its Southeast Asia base, but cannot cater to local customers
One of the largest names in the Chinese crypto businesses, Huobi Group has now decided to choose Singapore as its regional headquarters. As per co-founder Du Jun, the group will also have another regional base for Europe, possibly in either France or the U.K in 2023.
23.11 / 16:02
UPS
IPO
CEO
US stocks
Customers
Investing in US stocks? Winvesta allows customers to remit funds via UPI, netbanking at zero fixed fee
Fintech company Winvesta has launched a feature that enables its clients based in India to remit funds via UPI and net banking to fund their global investment accounts. One of the most tedious steps for Indians looking to invest in US stocks has been sending money to their overseas accounts. Normally, this process needs filling up A2 forms, paying high fixed fees, and even visiting a bank branch in many cases. Winvesta’s new feature will make investing in US stocks easy for its users.
22.11 / 10:49
Digital
AXY
Currency Indices
Customers
Banks informing customers about crypto pitfalls
Top private banks are reaching out to customers who invest in cryptocurrencies and informing them about the risks associated with the asset class, even as the government is working on legislation to regulate digital currencies.In the past two-three weeks, HDFC Bank, Axis and ICICI Bank have sent emails highlighting the risks to customers who are investing in crypto assets, at a time when crypto exchanges have gone on an advertising blitzkrieg
20.11 / 00:27
business
Blockchain
Technology
Kraken
end
Customers
Kraken to delist Monero for UK customers by the end of November
In an email quoted by Reddit users, Kraken, the world's eight largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform will cease all XMR trading activities, set XMR wallets to withdraw-only, and force-liquidate any existing XMR margin positions after the 26th of November.
15.11 / 06:27
UPS
Citi
Telegram
Support
Customers
Edelweiss General Insurance rolls out initiatives to support flood-hit customers
Edelweiss General Insurance has rolled out a host of initiatives to support customers in the wake of the devastation caused by incessant rains over the last few days in the city, the company said on Sunday.
12.11 / 03:27
Citizens
Action
tracking
Customers
Nigeria banks tracking, flagging crypto transactions of customers
Nigeria had already taken steps to disable citizens’ participation in transacting using crypto but now it was moving forward to surveil the bank accounts of its citizens. According to the latest update, the Central Bank of Nigeria [CBN] sent an internal memo to commercial banks, asking to put an alert on accounts of users suspected to have engaged in cryptocurrency trading.
09.11 / 22:09
UPS
Citi
Provident
Customers
ICICI Lombard launches key initiatives to help flood affected customers in the city
Private sector leading non-life insurer ICICI Lombard General Insurance has initiated various measures to help customers who were affected by the incessant rains in city, the company said on Tuesday. The company, said it has proactively taken critical measures to support the customers in flood damaged regions in city and has launched SMS alerts to provide claims service to mitigate the hardships faced.
03.11 / 12:37
UPS
Provident
Gemini
Bitcoin
Pilots
Customers
CommBank pilots crypto service for customers with Gemini and Chainalysis
The pilot will start in the coming weeks and will provide customers with access to up to ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.Research from CBA has found a large number of its customers want to access crypto assets as an investment class and are already buying, selling and holding crypto assets through a variety of crypto exchanges.CBA CEO Matt Comyn says: “The emergence and growing demand for digital currencies from customers creates both challenges
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