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Binance limits withdrawals in Europe, cites payment processor issues

Binance cryptocurrency exchange customers are allegedly facing troubles with fiat withdrawals in Europe due to issues related to the Single Euro Payments Area (SEPA) transfers.The exchange has allegedly suspended euro withdrawals and deposits via SEPA, Binance’s customer support wrote in a now-deleted message on X (formerly Twitter) on Aug. 20.In the

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HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report

Crypto companies applying to operate in Hong Kong are struggling to open bank accounts due to limited staffing at the Securities and Futures Commission and reluctance from banks, even though there's no ban on them offering services to crypto firms, CoinDesk previously reported. The Hong Kong Monetary Authority (HKMA), the

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Twitter to impose daily limits on DMs for unverified accounts, citing an effort to ‘reduce spam’

More controversial changes are coming to Twitter, with the social media platform set to introduce daily direct message (DM) limits for unverified users. In a July 21 tweet, Twitter Support stated that the platform will “soon be implementing some changes in our effort to reduce spam in Direct Messages.” “Unverified

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Threads copies Twitter again, introduces ‘rate limits’ to combat bots

Mark Zuckerberg’s Twitter alternative, Instagram Threads, has been forced to implement rate limits in response to a growing number of reports citing spam attacks and crypto-shilling bots.Instagram head Adam Mosseri announced the introduction of rate limits in a July 17 post on the Threads app. Adam Mosseri’s explanation for the

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Evertas expands crypto insurance offerings to include mining and raises limits

Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.The insurer’s per-policy coverage limits on custodial cryptoassets will increase to $420 million, “nearly tripling the amount of risk transfer previously available to blockchain focused projects," according

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bitFlyer adopts crypto deposit limits to comply with Travel Rule

Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule.Major Japanese crypto exchange bitFlyer on May 30 announced the adoption of measures in response to the enforcement of stricter AML measures targeting crypto transactions in Japan.bitFlyer

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BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules

The new rules will look to regulate stablecoins like commercial bank money, “including the requirement that the coins should be redeemable from the stablecoin arrangement, in fiat money, at par value and on demand,” Cunliffe said. Stablecoins, however, will not receive protection against failure in the same way that commercial

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