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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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G7 Announces $50 Billion Loan, Backed By Russian Assets, To Aid Ukraine
G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine.
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$8.5 Billion Reliance-Disney Merger Faces 100 Antitrust Queries: Report
India's antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters.
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South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
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Matthew Perry Only Had $1.5 Million In Personal Bank Account Before Death
Mr Perry whose net worth was estimated at $120 million at the time of his death, allocated the remainder of his assets to a $1 million trust he established in 2009.
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Mudrex Announces Rewards for Crypto Holders via New ‘Earn’ Initiative: Details
Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.
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Philippine Town Mayor Accused Of Being A Chinese Spy: ''No One Knows Where She Came From''
During a Senate hearing, the 35-year-old mayor failed to provide details about her early life and background, fuelling suspicions about her nationality.
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Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
A new set of regulations called the Digital Assets Law has now been deployed over the Dubai International Financial Centre (DIFC). This legislation adds some new Web3-centric rules while also making changes to existing laws around contracts, obligations, security, damages, remedies, and foundations.
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Visa Finetunes its Crypto Payment Service, Onboards Web3 Firm Transak: Details
Visa crypto card holders will now be able to convert crypto assets into fiat currencies in real time. To enable this, Visa has joined hands with Web3 payments infrastructure provider Transak.
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Magic Eden Launches Crypto Wallet with Cross-Chain Workability: Details
NFT marketplace Magic Eden has decided to launch a crypto wallet browser extension, that will be compatible with multiple blockchains. The aim of this wallet service is to eliminate the need for Magic Eden users to create different wallets compatible with different blockchains to store their assets in.
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India-Led G20 Adopt Roadmap on Crypto Assets Suggested by IMF, FSB Joint Synthesis Paper
The finance ministers and central bank governors from the G20 nations met in Morocco’s Marrakesh for their fourth and final meeting under India’s Presidency. There, the FMCBGs agreed that the IMF-FSB synthesis paper released in September makes for an essential guide for the G20 group to ensure that crypto assets are supported in a way that they...
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Binance Crypto Exchange to Sell Its Russia Business to CommEX for Undisclosed Amount
Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine.
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Bitcoin Price Continues to Rise Alongside Ether and Most Cryptocurrencies: Details
The overall crypto market cap fell by 1.22 percent in the last 24 hours. After a US court allowed FTX to liquidate the remainder of its BTC, ETH, and SOL crypto assets, the value of most cryptocurrencies recorded profits. Some cryptocurrencies did see losses on Thursday, September 14. These include Bitcoin SV and Spell Token.
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PayPal to Stop Sale of Cryptocurrencies in the UK Until 2024: Details
Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions.
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
G7 Announces $50 Billion Loan, Backed By Russian Assets, To Aid Ukraine
G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine.
-
$8.5 Billion Reliance-Disney Merger Faces 100 Antitrust Queries: Report
India's antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters.
-
South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
-
Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
-
Matthew Perry Only Had $1.5 Million In Personal Bank Account Before Death
Mr Perry whose net worth was estimated at $120 million at the time of his death, allocated the remainder of his assets to a $1 million trust he established in 2009.
-
Mudrex Announces Rewards for Crypto Holders via New ‘Earn’ Initiative: Details
Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.
-
Philippine Town Mayor Accused Of Being A Chinese Spy: ''No One Knows Where She Came From''
During a Senate hearing, the 35-year-old mayor failed to provide details about her early life and background, fuelling suspicions about her nationality.
-
Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
A new set of regulations called the Digital Assets Law has now been deployed over the Dubai International Financial Centre (DIFC). This legislation adds some new Web3-centric rules while also making changes to existing laws around contracts, obligations, security, damages, remedies, and foundations.
-
Visa Finetunes its Crypto Payment Service, Onboards Web3 Firm Transak: Details
Visa crypto card holders will now be able to convert crypto assets into fiat currencies in real time. To enable this, Visa has joined hands with Web3 payments infrastructure provider Transak.
-
Magic Eden Launches Crypto Wallet with Cross-Chain Workability: Details
NFT marketplace Magic Eden has decided to launch a crypto wallet browser extension, that will be compatible with multiple blockchains. The aim of this wallet service is to eliminate the need for Magic Eden users to create different wallets compatible with different blockchains to store their assets in.
-
India-Led G20 Adopt Roadmap on Crypto Assets Suggested by IMF, FSB Joint Synthesis Paper
The finance ministers and central bank governors from the G20 nations met in Morocco’s Marrakesh for their fourth and final meeting under India’s Presidency. There, the FMCBGs agreed that the IMF-FSB synthesis paper released in September makes for an essential guide for the G20 group to ensure that crypto assets are supported in a way that they...
-
Binance Crypto Exchange to Sell Its Russia Business to CommEX for Undisclosed Amount
Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine.
-
Bitcoin Price Continues to Rise Alongside Ether and Most Cryptocurrencies: Details
The overall crypto market cap fell by 1.22 percent in the last 24 hours. After a US court allowed FTX to liquidate the remainder of its BTC, ETH, and SOL crypto assets, the value of most cryptocurrencies recorded profits. Some cryptocurrencies did see losses on Thursday, September 14. These include Bitcoin SV and Spell Token.
-
PayPal to Stop Sale of Cryptocurrencies in the UK Until 2024: Details
Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions.
