CBA Joins Westpac in Restricting Crypto Payments
CBA, Australia’s largest bank, has announced new measures to limit crypto exchange payments a month after Westpac’s made a similar move. The bank cites the risk of scams and misleading ads as the main reasons for the restrictions. New Crypto Payment Measures Commonwealth Bank of Australia (CBA) announced on Thursday that it would introduce new […]
EU Consumer Group Urges Social Media Platforms to Ban Crypto Ads
BEUC, a European consumer organization, has filed a complaint with the EU and national authorities against Instagram, YouTube, TikTok, and Twitter for allowing misleading crypto ads on their platforms. The group says the ads expose consumers to high financial loss risks and violate consumer laws. BEUC, representing 45 consumer associations from 32 European countries, has […]
Dogecoin Hits Five Million Wallets Amid Regulatory Woes
Dogecoin, the original meme coin, has surpassed five million wallet addresses, attesting to its robust community and popularity. The meme coin remains unfazed despite the crypto industry confronting legal challenges from regulators. Dogecoin’s community has driven its adoption and awareness through social media campaigns, charitable donations, and celebrity endorsements. As of December 2021, according to Dogechain, […]
Coinbase Defies SEC Lawsuit, Vows to Continue Staking Services
Coinbase faces legal action from the SEC for operating as an unregistered securities exchange, broker, and clearing agency. The company also allegedly offered unregistered securities through its staking program. However, Coinbase’s CEO and Chief Legal Officer maintain that the exchange is compliant and will not cease operations. The Securities and Exchange Commission (SEC) issued a […]
Maharashtra Pioneers Blockchain-Based Caste Certificates
Gadchiroli, a district in Maharashtra, has launched a pilot project to issue caste certificates using the Polygon blockchain platform, which enables instant and tamper-proof verification. Traditional identity verification systems are susceptible to forgery and abuse. The project gives safe and clear caste certificates to Gadchiroli’s tribal people, who need them for government aid. The project […]