Paytm, India’s Payment Giant May Add Bitcoin If Government Legalizes Crypto
Paytm, India’s largest digital payments provider is considering adding Bitcoin trading to its offerings if the government clears up legislative ambiguity surrounding cryptocurrency. If the Indian government legalizes cryptocurrency, Paytm may consider offering Bitcoin trading. Paytm has expressed interest in adding Bitcoin trading to its platform, according to a Bloomberg report. However, before the government […]
Binance Announces a EUR100 Million Initiative to Grow the Crypto and Blockchain Ecosystem in France
Despite a number of regulatory setbacks this year, Binance, the world’s largest crypto exchange, has continued to lead progress in the blockchain and crypto field. In collaboration with FranceFintech, Binance has unveiled a EUR100 million effort to strengthen France’s blockchain and crypto ecosystem. The “Objective Moon” program will focus on three major blockchain and cryptocurrency […]
Grayscale purchases large amounts of LINK, FIL, and BAT, amassing $55.1 billion in crypto AUM
According to a tweet posted on Nov. 1 by Grayscale Investments, the largest crypto asset management company affiliated with billionaire Barry Silbert and his Digital Currency Group conglomerate, the company now manages $55.1 billion in Bitcoin, Ethereum, and other crypto assets. Grayscale recently purchased large quantities of three popular altcoins—LINK, BAT, and Fil—for its trusts […]
Crypto exchange Bitfinex pilots new AML compliance tool
Bitfinex, a cryptocurrency exchange, is prepared to put a new anti-money laundering (AML) tool to the test on its platform. Bitfinex stated on Wednesday that it will be testing a new solution meant to help financial institutions comply with the “Travel Rule,” a new anti-money laundering/counter-terrorist financing guideline established by the FATF in 2019. Bitfinex […]
Updated FATF Guidelines on Crypto, Defi, and NFTs are now available
The Financial Action Task Force (FATF), a worldwide anti-money laundering watchdog, has modified its crypto market standards. The final recommendations improve on the draft guidelines provided earlier and provide additional clarity. The guidelines place a particular emphasis on how authorities should approach new markets like NFT and Defi. “Countries should not apply their definition based […]