Thailand SEC bans crypto payments, seeks disclosure of system failure from exchanges
Since Dec. 2021, the government of Thailand has been working on preparing a new regulatory framework by defining “red lines” for the crypto industry.
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Gemini receives license to provide electronic money services in Ireland
The license does not allow Gemini to operate as an exchange in the country, but it will let it passport e-money services throughout the EEA.
Malaysian comms official calls the state to legalize crypto and NFTs
Malaysia’s finance minister previously warned that crypto payments were illegal as they did not meet the universal characteristics of money.
Today’s biggest crypto gainers: Why REQ, MFT and KEY rallied over 20%
REQ, MFT and KEY overcome the noise to post double-digit gains as decentralized payments and identity management trend higher amid ongoing global developments.
Western Union Suspends Operations in Russia, Belarus Over Ukraine War
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well…
Federal Reserve works with China’s blockchain ally for instant payments
Cypherium is the only blockchain company featured in the FedNow Service Provider Showcase for now, the CEO told Cointelegraph.
Thailand Seeks to Offer Russian Tourists Crypto Payment Option Amid Fiat Sanctions
A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of…
Binance Launches Bitfinity, a Payments Company Targeting the Web3 Economy
Leading cryptocurrency exchange Binance has announced the launch of its own payments processing company, Bitfinity. Bitfinity will act as the default fiat-to-crypto payments ramp for the exchange, as well as…
Binance to focus on crypto payments with new subsidiary Bifinity
Binance’s new payment affiliate Bifinity will provide a $36 million convertible loan to the Nasdaq-listed digital asset firm Eqonex.
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