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New Zealand’s financial watchdog has sounded a warning whistle to cryptocurrency investors after bitcoin’s latest price drop.According to a report on Tuesday by the NZ Herald, the Financial Markets Authority (FMA) said New Zealanders who were considering purchasing cryptocurrencies needed to be aware they are “high risk and highly volatile”
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This has been an extraordinary year. Not for a century has there been a pandemic on this scale. And although far fewer people have so far died from COVID-19 than perished in the 1918-19 “Spanish flu,” the economic damage is probably far worse. Governments shut down large parts of their
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U.S. Representative Maxine Waters, who chairs the powerful House Financial Services Committee, recommended that President-elect Joe Biden rescind or monitor all of the cryptocurrency-related guidance issued by the Office of the Comptroller of the Currency.In a letter sent to the incoming president Friday, Waters wrote that her committee has “conducted
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Stripe will now offer debit cards, bank accounts and other products to online merchants and vendors who use its payment processing platform.American financial services provider and also software as a service (SaaS) company, Stripe Inc has teamed up with some of the leading financial institutions to provide banking as a
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The Crypto.com company currently serves up to 5 million customers providing them with a powerful alternative to traditional financial services.Payment service provider Crypto.com has secured the Australian Financial Service License (AFSL), further advancing the platform’s reach to expand its services to the Australian populace. According to a press release shared
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Crypto.com has secured an Australian Financial Service License through its acquisition of The Card Group. Source
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Stablecoins could “threaten financial security” if widely adopted, European Central Bank President Christine Lagarde said in an article published Monday in magazine L’ENA hors les murs.In the piece, Lagarde makes a bullish case for a digital euro while throwing shade at potential rivals such as cryptocurrencies and stablecoins – digital
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Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled "Financial Services Industry Outlooks 2020."Preliminary results shared with Cryptox indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and distributed ledger technology, while 14%
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A subsidiary of SBI Holdings said it's launched a service allowing users to ‘lend’ bitcoin to the firm and earn an interest at the rate of 1% annually in return. Source
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Crypto.com is trying to bulk up its Maltese financial licenses in search of a competitive edge across Europe.The Hong Kong-based crypto firm received preliminary approval from the Malta Financial Services Authority (MFSA) for two financial licenses that govern how payment companies operate and what services they can provide.Crypto.com could soon
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