crypto

Zumo first to launch platform built to meet the tech requirements of the FCA’s new Financial Promotions Regime for Crypto Assets

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Time Stamp: October 6, 2023 7:11 AM - Modified On: October 6, 2023 - Published By:
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The award-winning platform has set a new benchmark in consumer protection and regulatory alignment With some UK operators having to pause activity, Zumo’s financial promotions technical flow is now also available through its B2B API to support unregistered firms with remaining compliant after the 8 October deadline [London/Edinburgh - Friday 29 September 2023] Zumo, the UK-based digital-asset-as-a-service platform, has announced a significant industry milestone as it becomes the first digital asset platform to have integrated tech based requirements of the Financial Conduct Authority’s (FCA’s) new financial promotions regime for cryptoasset

The Tightrope of Regulation

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Time Stamp: September 26, 2023 7:06 AM - Modified On: September 26, 2023 - Published By:
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In a significant move at the recent G20 meeting in India, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) released a joint paper outlining a framework for the global regulation of cryptocurrencies. While the proposals mostly tread familiar territory, what’s new is their conviction in crypto’s unstoppable growth and success. A flurry of optimism greeted the G20’s endorsement of the report because it advocates that countries don’t ban crypto. Hidden in its text, however, are some worrying signs. For example, on the first page, they state, “Widespread

Ennova Holdings Launches Upgrade ‘TIER’ to Empower Africa’s Financial Future Through Blockchain Innovation

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Time Stamp: September 18, 2023 11:47 AM - Modified On: September 18, 2023 - Published By:
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Revolutionary Blockchain Initiative Seeks to Eradicate Financial Inequality in Africa Highlights: Financial Freedom Vision: Ennova Holdings 'TIER’ introduces blockchain solutions to empower Africa's unbanked population. Educational Empowerment: The organization prioritizes blockchain education for African and Asian youth, fostering economic growth. Innovative Payment Solutions: A multi-tiered app offers accessible, rewarding financial transactions, surpassing traditional remittance services. Global Inclusion: Future plans include a global credit rating agency for the unbanked, bridging international financial gaps. Cape Town, South Africa, 18th September 2023: Ennova Holdings, a forward-thinking organization committed to addressing financial inequality in

Blockpass integrates award-winning ID system with Solana Wallets, offers special discount to Solana projects

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Time Stamp: September 7, 2023 5:47 AM - Modified On: September 7, 2023 - Published By:
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HONG KONG, Sept 7, 2023 - (ACN Newswire) - Blockpass has announced that it will be integrating its identity verification solution with Solana Wallets and supporting Solana projects with its revolutionary On-Chain KYC(R) solution. Additionally, Blockpass will provide a unique special offer available to all Solana projects in the form of a 50% discount. Solana is a blockchain network with the fundamental ideals of an open-source community, decentralization, staking and censorship resistance at its heart. The Solana network is validated by thousands of independently-operating nodes that ensures data remains secure

Swiss WEB3FEST 2023: The Convergence of Web3 Innovation and Collaboration

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Time Stamp: August 28, 2023 5:55 AM - Modified On: August 28, 2023 - Published By:
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The Global Web3 Ecosystem is set to unite under the banner of "Switzerland United", an 11-day extravaganza, from September 7th-17th 2023, that combines the forces of the NFT Fest Lugano, NFT Lakeside Unconference and the Swiss WEB3FEST. Key Highlights The Swiss WEB3FEST will be the center of Web3 innovation and collaboration, with over 150 Preeminent speakers, 50+ exhibitors and 80+ captivating topics and side events The Swiss WEB3FEST is the Ecosystem Festival of Crypto Valley and Crypto Oasis and is Co-Hosted by Dfinity aka The Internet Computer The Conference is

Ex-Singapore Parliamentarian’s Swiss Company Launches Swiss Franc and Euro Stablecoins

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Time Stamp: August 16, 2023 7:51 AM - Modified On: August 16, 2023 - Published By:
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Singapore investor and former parliamentarian Calvin Cheng's newly rebranded Swiss company, Anchored Coins, was granted membership in the Swiss VQF in early 2023. VQF is the largest and oldest cross-industry self-regulatory organisation in Switzerland and is officially recognised by FINMA, the country's financial services watchdog. Anchored Coins is launching a Swiss Franc-backed stablecoin (ACHF) and a Euro-backed stablecoin (AEUR), and will be issued on the Ethereum and BNB Chain blockchains. DCS Card Centre in Singapore is planning to issue credit cards collateralised by AEUR and ACHF. ZURICH, SWITZERLAND, Aug 16,

The Fight for Financial Freedom

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Time Stamp: July 10, 2023 5:30 AM - Modified On: July 10, 2023 - Published By:
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As the grasp of regulators tightens on the global cryptocurrency market, exchanges such as KuCoin are being compelled to implement mandatory pre-purchase checks. In tandem, several prominent banks are limiting funds transferred to cryptocurrency exchanges under the guise of protecting customers from fraudulent activities. In the background, the Financial Action Task Force (FATF) is looming over these rapidly evolving regulations. The FATF underscores the significance of Know Your Customer (KYC), Know Your Business (KYB), Know Your Transaction (KYT), and Anti-Money Laundering (AML) regulations applicable to all financial transactions, cryptocurrencies included.

Stablecoins Under Scrutiny

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Time Stamp: July 1, 2023 9:36 AM - Modified On: July 1, 2023 - Published By:
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Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an

Crypto’s Moment of Truth

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Time Stamp: July 1, 2023 9:24 AM - Modified On: July 1, 2023 - Published By:
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In a pivotal moment for crypto, recent news that BlackRock and others such as Fidelity have filed for spot Bitcoin ETFs propelled BTC to a yearly high of just under $31,700. What does the arrival of these significant players mean for the future of crypto? For years, the prospect of a Bitcoin ETF approval in the United States has been shrouded in uncertainty. However, the tides are turning this time, as the involvement of industry giants like BlackRock hints at a higher likelihood of approval. Deniz, our CEO, echoes this