Services Financial News

Now the firm is wrapping Chainalysis's technology into its core infrastructure to boost risk management for its clients involved in crypto.The deal involves the Chainalysis KYT real-time transaction monitoring system; the Chainalysis Reactor investigations software; and the Chainalysis Kryptos risk management software for financial institutions. Luca Cosentino, head, digital assets, Cross River, says: “Cross River is simplifying crypto and making it accessible to all.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Cryptocurrency exchange Gemini has received an electronic money license from the Central Bank of Ireland. It was the 18th organization to receive the license, and the first since October 2020. Gemini joined such license holders as Coinbase, Stripe, Square and Meta. 

Last week got off to an antsy start as the clause that many interpreted as a direct route to ban proof-of-work-(PoW)-based cryptocurrencies made a sudden comeback to the draft of the European Union’s key directive on digital assets. Many in the crypto policy space got immediate flashbacks to other instances of harmful last-minute additions to must-pass legislation days and hours before the vote. It all ended well, though, as the Committee on Economic and Monetary Affairs voted against the draft that contained the hostile language. Over in the United States, monetary policy kept growing more political, as evidenced by Sarah Bloom Raskin, President Joe Biden’s pick for the Federal Reserve’s vice chair for supervision, being forced to withdraw her nomination due to a Senate gridlock. Ukrainian President Volodymyr Zelenskyy took time off urgent matters of national defense to sign a bill granting digital assets legal status into law. Other big narratives of the week included crypto platforms’ expansion into the Gulf region, a slew of crypto-related statements and actions by members of the U.S. Congress and some favorable policy developments in Australia.

Australian Liberal Senator Andrew Bragg opened the Australia Blockchain Week conference with a bombshell legislative proposal that he hopes will lay the groundwork for a new Digital Asset ecosystem down under.

Government working on classification of cryptocurrency under GST law: Report

Binance, the world’s largest cryptocurrency exchange by trading volume, announced Wednesday that it has obtained a license from Dubai’s Virtual Asset Regulatory Authority (VARA) to carry out some business operations in the region.

Marwadi Financial Services has launched Crypto Connect, a dedicated research desk, designed to apprise Indians on virtual digital assets. Through its new product launch, the Mumbai-based brokerage will provide a platform where individuals will have easy access to information and research on cryptos. Keeping knowledge at the focus, the brokerage has clarified that it will not give any recommendations for buying or selling particular crypto and the concerned platform will focus on research and in-depth information only.

Cryptocurrency exchange FTX launched FTX Access, which focuses on serving institutional investors in digital assets.

Anna Rothwell is a senior lawyer at Corker Binning

More payment operators follow the orders of sanctions issued by the U.S., American Express, Visa, Mastercard, and PayPal announced on Saturday that they are all suspending their operations in Russia in protest of the country's ongoing invasion of Ukraine.

In this article

The United States Senate unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. 

Blockchain services provider, Ripple witnessed another development in the expansion of its On-Demand Liquidity (ODL) services. It collaborated with one of the leading cross-border payment firms in Asia.

According to an investor presentation published Tuesday, U.S.-based payment solutions provider Shift4 announced its acquisition of The Giving Block in cash and stock for $54 million, plus a potential earnout of up to $246 million. The Giving Block is an online platform that allows over 1,300 nonprofit organizations and charities to accept crypto donations. 

Mobilum Technologies Inc has signed a strategic service agreement with Crypto.com. The former firm will integrate Mobilum's algorithms to provide token liquidity services to provide crypto.com customers with better services.

California State Senator Sydney Kamlager, representing the 30th Senate District including parts of downtown Los Angeles, has introduced a bill which would amend the state’s code to allow for the acceptance of cryptocurrencies for certain payments.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

By Pratik Gauri, CEO & Founder, 5ire The Indian business ecosystem pinned its hopes on the Union Budget after thousands of small and medium enterprises were severely affected by the ongoing pandemic, especially the devastating second wave and the (diminishing) third wave. Among those who were hopeful were crypto investors and enthusiasts, who feared significant losses due to the uncertainty regarding the stance the Indian government was likely to take on recognising and regulating cryptos. On February 1, those hopes for recognition weren’t dashed as Finance Minister Nirmala Sitharaman announced that digital assets would be doubly taxed in terms of gains as well at the source.

Many religious denominations now offer interactive digital locations to supplement traditional services, but unique to COVID-19 is the opportunity to experience spirituality in an immersive 3D environment through virtual reality (VR) technology.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.