DBS is now approved for crypto payment services in Singapore
Following regulatory approval in Singapore, DBS the country largest bank has stated that by Monday its crypto exchange will start operating, allowing institutional investors to trade Bitcoin. DBS Bank, Singapore’s largest bank, has added another regulatory clearance to its list of supported bitcoin services. The Monetary Authority of Singapore (MAS) has given DBS Vickers (DBSV) […]
FTX CEO believes KYC tools can be useful to the US crypto market
FTX is putting in measures to adapt to the issues of regulations around the crypto industry, considering the fact that many crypto firms have had to close their doors because of the ongoing government scrutiny. FTX CEO Sam Bankman-Fried has been public about his continuous efforts to adapt to evolving restrictions around running crypto firms, […]
Irish Banks are pleased with the EU’s anti-money laundering regulations
Banks in Ireland have voiced support for the European Union’s anti-money laundering push, they believe this will affect the crypto space and also disrupt illicit transactions. According to the Irish daily Independent , financial institutions in Ireland have indicated support for plans to revamp the European Union’s anti-money laundering measures. The new AML body that […]
Vermont securities commission probes BlockFi over regulatory issues
Vermont becomes the Fourth US State to raise regulatory concerns about the crypto lending company, BlockFi. Block-Fi, a well-known crypto lending company, has recently been in hot water with regulators due to its interest account (BIA) services. Within a week, the crypto platform will face a review over the legality of BIA from the fourth […]
Visa, Mastercard still partners with Binance amidst global regulatory Scrutiny
Despite increased regulatory issues with Binance, Visa and Mastercard have not cut links with the cryptocurrency exchange. Cardholders can still deposit funds into their accounts at the exchange using Visa and Mastercard. The Financial Times reported on Friday that Visa was “aware of the recent FCA announcement about Binance,” and that it was in “conversation […]