CoinSwitch is ‘Active’ CEO says ‘Under Duress’ From Indian Authority
The CEO of CoinSwitch also wanted to make it clear that the “engagement with the ED” is not about money laundering. The CEO of the Indian cryptocurrency exchange CoinSwitch Kuber, Ashish Singhal, said on Saturday, two days after the financial crimes agency Enforcement Directorate searched five locations, “We are fully cooperating with them.” Thursday, the […]
Crypto Tokens To Become Securities According To Grayscale
Grayscale said in recent filings that the three crypto tokens “may be a security based on the facts as they stand right now.” The U.S. Securities and Exchange Commission (SEC) has asked Grayscale Investments LLC about its “security law analysis” of tokens in some of its less popular crypto trusts. The investigation, which Grayscale revealed […]
Binance Pay enables UAE entrepreneurs repay loans with crypto
Following the integration of Binance Pay, Virtuzone joins the group of well-known companies in the UAE accepting cryptocurrencies. Binance established its footprint among Middle Eastern investors by operating several legally sanctioned businesses in Abu Dhabi, Dubai, and other areas. By collaborating with business lender Virtuzone, Binance has made it possible for new business owners to […]
Iranian companies get go-ahead to use cryptocurrency for imports
In an effort to increase trade within the nation, Iran’s Trade Ministry has approved the use of cryptocurrency payments for imports. In light of continued international trade sanctions, Iran’s Ministry of Industry , Mines, and Trade has authorized the use of cryptocurrency for imports. The country’s trade minister, Reza Fatemi Amin, reportedly acknowledged that specific […]
Hodlnaut under creditor protection after freezing withdrawals
On August 8, Hodlnaut halted all services on its platform claiming a liquidity problem and tumultuous market circumstances. The Singapore court on August 29 ordered the Singapore-based cryptocurrency lending company Hodlnaut to be under interim judicial management, a type of creditor protection scheme. Three weeks after Hodlnaut stopped all trading and withdrawals on its platform […]