OKX Receives In-Principle Approval For Payment License
OKX secures in-principle approval for a Major Payment Institution License in Singapore, paving the way for expanded services in Singapore. The financial authority of Singapore has granted OKX, a cryptocurrency exchange, in-principle approval for a Major Payment Institution (MPI) license via its local subsidiary, OKX SG. OKX claimed to have obtained preliminary approval for the […]
Binance Waives Fees For Meme Coins DOGE, SHIB, PEPE
Binance on Tuesday said it is extending a promotion for several cryptocurrencies, especially meme coins on Binance Margin. Binance will waive interest fees for one hour on Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), BONK, dogfight (WIF), and FLOKI, among other prominent cryptocurrencies. On March 12, the cryptocurrency exchange Binance unveiled a novel initiative […]
HKMA Introduces Regulatory Sandbox for Stablecoin Issuers
The Hong Kong Monetary Authority (HKMA) has taken a proactive step by introducing a Regulatory Sandbox for Stablecoin Issuers. The primary objective of this endeavor is to optimize the consultation procedure concerning suggested regulatory obligations by establishing a methodical setting in which interested parties can participate in substantive discourse. The sandbox functions as a practical […]
Mastercard And MetaMask Partner to Test On-Chain Payment Card
Ethereum-based crypto wallet MetaMask is reportedly experimenting with an entirely on-chain payment card, in partnership with Mastercard. According to promotional materials, this Baanx-issued payment card will function on Mastercard’s enormous network. Decentralized Web3 Payment Solution utilizing MetaMask A prospective partnership between Mastercard and MetaMask unites two titans of their respective industries. The largest self-custody wallet, […]
Binance Execs’ Detention in Nigeria Raises Global Concerns
Two senior executives of Binance have been detained in Nigeria, prompting global attention, amidst Nigeria’s escalating crypto crackdown. Nigerian authorities have reportedly detained critical figures at the cryptocurrency exchange, Tigran Gambaryan and Nadeem Anjarwalla, against their will for more than two weeks. This has prompted inquiries into the underlying motivations for their apprehension and the […]