Kazakhstan FMA Blocks 980 Unlicensed Crypto Exchanges in 2023
In 2023, Kazakhstan’s Financial Monitoring Agency (FMA) obstructed access to 980 unregistered cryptocurrency exchanges catering to Kazakhstani citizens. The government website announced on December 7 that the FMA denied access to 980 unauthorized platforms in 2023. The organization also initiated nine investigations about “illegal exchange operations” and money laundering. Ruslan Ostroumov, chairman of the FMA, […]
Flipkart to Use Polygon CDK for Web3 Loyalty Program
India’s domestic e-commerce giant, Flipkart, will launch a Web3 loyalty program utilizing Polygon’s chain development kit (CDK) as the base to build an Ethereum-based ZK layer-2 network. A strategic partnership was declared between Polygon and Flipkart on December 2 to integrate the e-commerce platform into the metaverse and Web3 efficiently. This included initiatives like the […]
Block Inc. Launches Bitkey Self-custody Bitcoin Wallet
Block, a financial payment processor co-founded by Jack Dorsey, has introduced a Bitcoin wallet known as Bitkey with self-custody capabilities and availability in over 95 countries. In the December 7 announcement, developers referred to the wallet, dubbed “Bitkey,” as being accessible in more than 95 countries via hardware storage or mobile application. In the event […]
Cross-border Payments with Tether Stablecoin Debuts in Russia
Companies using the Exved system can conduct cross-border transactions utilizing the Tether stablecoin, the U.S. dollar, and the offshore ruble. debuting as one of Russia’s first cross-border payment platforms. On December 7, Exved, a local digital settlement platform that bills itself as a “digital counterparty search system,” declared its business-to-business (B2B) solution available for Russian […]
Robinhood Launches Cryptocurrency Trading Services for EU Users
Robinhood recently launched cryptocurrency trading services for all eligible users in the European Union, with the platform supporting over twenty-five (25) cryptocurrencies. Robinhood’s entrance into the European cryptocurrency market occurred less than one week after the company introduced its stock trading application in the United Kingdom. Cointelegraph initiated communication with Oliver McIntosh, senior product communications […]