Japan FSA Suggests Halting P2P Fiat to Crypto Transactions
Japan’s primary financial regulator, the Financial Services Agency (FSA), has recommended several safeguards to prevent “illicit transfers” to cryptocurrency exchanges. One of which is controlling the peer-to-peer (P2P) transaction market. The FSA issued a request to Japanese institutions on February 14. The regulator reports that the country’s fraudulent transactions continue to be prevalent, mostly involving […]
Bitfinex Unveils Zero-Fee P2P Trading in Latin America
In Argentina, Colombia, and Venezuela, Bitfinex has launched zero-fee trading for market participants on its peer-to-peer (P2P) network. The project will last until December 31 and intends to assist the region’s expanding demand for crypto trade and adoption. Users can trade cryptocurrencies directly with one another on Bitfinex’s P2P platform, commonly known as Bitfinex Peer-to-Peer […]
Binance Removes Banco de Venezuela from P2P Payments List
After previously removing sanctioned Russian banks last week from its peer-to-peer (P2P) trading service, cryptocurrency exchange Binance has also removed Banco de Venezuela from the list. According to Venezuelan users, Banco de Venezuela has been removed from P2P payment options this week, following a succession of similar removals by Binance of Russian banks. The apparent […]
Belarus Sets to Ban P2P Crypto Transactions
The Belarusian foreign ministry is drafting amendments to the law to prohibit peer-to-peer (P2P) transactions involving Bitcoin and other cryptocurrencies, citing a high crime rate associated with cryptos. The Ministry of Foreign Affairs (MFA) of the Republic of Belarus issued an official announcement on Telegram on July 2 regarding new legislation prohibiting individuals from engaging […]
Tether Signs MoU With the Government of Georgia
The government of Georgia and stablecoin issuer Tether have signed a memorandum of understanding (MoU) to develop the country’s Bitcoin and peer-to-peer (P2P) infrastructure. The strategic partnership between Tether and the Georgian government will concentrate on developing essential startup ecosystem infrastructure in Georgia. This collaborative endeavor aims to attract international interest and investment in the […]