Blockchain.com Scores Payment License From Singapore Central Bank
The Monetary Authority of Singapore (MAS), the central bank of Singapore, has awarded a payments license to the cryptocurrency exchange Blockchain.com. The platform can now offer what the regulator refers to as digital payment token services to accredited investors and institutions, according to Blockchain.com announcement on August 7 that it got its major payment institution […]
Revolut Suspends US Crypto Services
Fintech giant Revolut is suspending cryptocurrency services in the US due to the uncertain regulatory environment. The decision comes after the company announced the partial delisting of certain digital assets from its platform. Starting from September 2, Revolut will stop allowing access to cryptocurrency through its platform. Additionally, they will discontinue all cryptocurrency services for […]
Massachusetts Regulators Launch Probe Into AI in Securities Industry
Massachusetts securities regulators are investigating the use of AI in the securities sector to protect users’ interests. Secretary William Galvin announced the investigation on August 3, focusing on how businesses engage with investors when using AI. The regulators sent letters to registered and unregistered companies using or developing AI for commercial purposes in the securities […]
Coinbase Asks U.S. Federal Judge to Dismiss SEC’s Lawsuit
Coinbase has asked the court to dismiss the Securities and Exchange Commission (SEC) complaint against them. The cryptocurrency exchange argues that it doesn’t offer investment contracts, and the SEC’s claims go against established legal interpretations. The SEC accused Coinbase of violating securities laws, but the exchange’s lawyers claim the agency disregarded its prior interpretations and […]
Ripple Joins Top Global Derivatives Trade Body IDSA
In order to participate in the OTC derivatives market, Ripple joined the International Swaps and Derivatives Association. Ripple Labs has recently joined the International Swaps and Derivatives Association (ISDA), a trade association representing market participants in the over-the-counter (OTC) derivatives market. This puts Ripple in the company of well-known cryptocurrency firms like JP Morgan, Blackrock, […]