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European Banking Authority, ESMA issue crypto entity suitability guidelines

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) on Oct. 20 jointly released a consultation paper featuring two drafts. These drafts encompass the assessment of the suitability of management body members and shareholders or members holding qualifying stakes in issuers of asset-referenced tokens (ARTs) and

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Binance Secures New Euro Banking Partners to Resume Fiat Transactions

Binance is currently in the process of finding partners for dealing with fiat transactions in the UK, as British users are still unable to deposit GBP. Leading global cryptocurrency exchange Binance has successfully onboarded fresh fiat partners to facilitate euro transactions after halting the services earlier this year due to regulatory

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Scammers prefer banking customers over crypto investors in Ireland: Report

Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market.The frequency of cryptocurrency scams is often directly proportional to the hype and profits around the ecosystem at a given time. It appears that the ongoing crypto bear market has helped eradicate at least

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Group-IB warns about malware targeting banking apps and crypto wallets in Vietnam

Group-IB, a cybersecurity firm, has discovered a malware designed to steal funds from financial organizations and crypto wallets in Vietnam. In a blog post on Oct. 4, Group-IB said Android devices are the primary targets of the GoldDigger trojan. It is distributed through false versions of the Vietnamese government application on the Google

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Chia Network cuts staff, citing banking crises and industry skepticism

The San Francisco-headquartered firm fired 26 employees in an effort to go public despite banking challenges. Chia Network Inc., the firm behind the Chia blockchain, has cut 26 “positions” as it still eyes an initial public offering. We’re sharing the difficult news that we eliminated 26 positions across Chia Network today. We

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JPMorgan, Citi Among Banking Giants Abuzz About Tokenization of Real-World Assets (RWA) as DeFi Craves Collateral

Edging towards the public Ethereum mainnet has always been a delicate business, given that banks have traditionally viewed public blockchains as more or less radioactive, both a reputational and compliance risk. JPMorgan’s head of Onyx Digital Assets, Tyrone Lobban, noted that the public Ethereum chain has evolved significantly over time,

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Binance still struggling to find banking partner in France: Report

After losing its euro banking partner, Paysafe, Binance France has proposed that its customers should convert all the fiat money they hold on the exchange into crypto immediately, according to comments from an executive to local media. The partnership between Binance France and Paysafe expired on Sept. 25. The latter was

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Binance and Banking Giant MUFG Want to Drive Web3 Adoption in Japan by Issuing Stablecoins

Other jurisdictions like the European Union and even the U.K. have taken more stringent approaches to regulating stablecoins, particularly after one such cryptocurrency, terraUSD, rapidly lost parity with the U.S. dollar last year, leading to the collapse of not just the issuer but a string of other prominent players in

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