Nexo Joins Sanctions Association
Nexo aims to keep up with regulatory obligations by introducing additional certification standards for its compliance staff. The cryptocurrency lending platform Nexo will join the Association of Certified Sanctions Specialists (ACSS) to use training materials, relationships, and data as regulatory scrutiny of the larger Web3 ecosystem increases. In addition to financial institutions, worldwide corporations, law […]
Hong Kong, Saudi Arabia Collaborate on Tokens, Payments
Hong Kong is expanding its financial collaboration with the Kingdom of Saudi Arabia, targeting tokenization and payments infrastructure agreements. A bilateral meeting between the Hong Kong Monetary Authority (HKMA) and the Saudi Central Bank (SAMA) was held on July 26 to improve the integration of financial services between the two nations. The HKMA and the […]
Meta Committed to Metaverse Despite $3.7b Q2 Loss
Reality Labs at Meta reported an operational loss of $3.7 billion and is still dedicated to the metaverse’s growth. According to Meta’s most recent earnings figures, which were revealed on July 26, the company invested an astounding $7.7 billion in its virtual reality business in 2023. The division’s revenue decreased from $452 million in the […]
eToro Gets Virtual Asset Registration from Bank of Spain
eToro, the online trading platform, has announced that it has received virtual asset registration from the Bank of Spain for its exchange and wallet services. The registration reflects eToro’s commitment to consumer protection and innovation. eToro, the multi-asset investing platform, has announced that it has received virtual asset registration from the Bank of Spain for […]
Gemini Launches Trading Competition to Boost Derivatives Platform
Gemini Foundation is set to host its first trading competition in August to attract new users and increase trading volumes. Gemini Foundation, a non-US derivatives platform founded by the Winklevoss twins and backed by the Gemini Trust Company, is gearing up to host its first trading competition in August. The competition also aims to revitalize […]