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Digital Assets Platform Nexo Introduces USD, EUR, and GBP Fiat Accounts

[Nov 26 12:30 PM] Nexo, a digital assets wealth platform, has announced the launch of personal USD, EUR, and GBP fiat accounts. This new offering provides clients in over 150 countries with a seamless way to conduct bank transfers directly in their name, enabling…

Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes

[Sep 15 4:11 PM] An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency…

Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.

[Aug 31 2:30 AM] Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which focuses on increasing the interaction between crypto and legacy rails in the U.S. With UMA Extend, businesses can opt in…

Israeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’

[May 14 11:38 AM] Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.

Binance Launches ‘Send Cash’ Remittance Services in Latam

[Aug 31, 2023 11:30 PM] Binance, the largest cryptocurrency exchange by volumes traded, has announced the launch of “Send Cash,” a Latam-focused remittance service. The newly launched tool will allow users in nine countries in the region to send crypto to bank…

Prosecutors Challenge FTX Founder’s Legal Advice Defense Ahead of Fraud Trial

[Aug 30, 2023 8:30 AM] Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of…

Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million

[May 11, 2023 12:30 AM] According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report…

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

[Apr 29, 2023 2:00 AM] A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to…

Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency

[Apr 15, 2023 3:30 PM] Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He…

Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts

[Mar 5, 2023 9:45 PM] Tether has hit back at a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts.

Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

[Feb 16, 2023 3:00 PM] The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the…

US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried

[Jan 21, 2023 10:30 AM] Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank…

Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile

[Jan 13, 2023 1:00 AM] The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto…

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability

[Dec 30, 2022 5:30 AM] Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the…

Court sets new deadline for Celsius restructuring plan

[Dec 6, 2022 4:58 AM] Celsius halted withdrawals on the platform on Jun. 13 and filed for bankruptcy a month later on Jul. 13.

FTX ordered to pay reimbursement fees to Bahamian regulators

[Nov 22, 2022 4:07 AM] The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12.