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The Financial Conduct Authority (FCA) of the United Kingdom has placed restrictions on peer-to-peer lending platform Rebuildingsociety, the firm with which crypto exchange Binance partnered for compliance with the regulator’s marketing regime. In an Oct. 10 notice, the FCA said Rebuildingsociety was not authorized to “approve the content of any financial
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While Binance declined to comment on the restrictions placed on its U.K. partner, a spokesperson for the exchange told CryptoX that it had shared its partnership agreement with the FCA on Oct. 2, "almost a full week before the requirements of the updated Financial Promotions Regime came into effect." Source
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The National Bank of Georgia (NGB) is developing the digital GEL and is searching for a suitable partner. NGB plans to launch a Limited Access Live Pilot Environment through various use cases to test the technology capabilities and potential application areas of the Central Bank Digital Currency (CBDC) system. After extensive research, NGB has
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SBI Holdings and TradeFinex have established a joint venture in Japan to promote their enterprise blockchain platform on the XDC Network. SBI Holdings, a Tokyo-based company that provides financial services, is the group’s primary holding firm for various businesses and branches. TradeFinex operates a decentralized finance platform on the XDC Network. It connects
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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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Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500 million from primary investor accounts led by T. Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia.The latest investment round was achieved at a
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According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied There were enhancements to Ethereum’s WASM, yet ETH prices remained unchanged. Similarly, Chainlink teamed up with SWIFT for blockchain interoperability trials, but LINK prices stayed within their current trading range. In the current market turmoil, Borroe.Finance (ROE)
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Aptos Labs has partnered with Microsoft to integrate AI capabilities with blockchain technology, per an announcement on Aug. 9. The Aptos Assistant, developed by Aptos Labs in collaboration with Microsoft, provides users and developers with valuable insights and
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If approved, the fund would grant investors "exposure to bitcoin with important protections that are not always available to investors that invest directly in bitcoin," lawyers said in the filing. Global X's spot-bitcoin applications marks the ninth active spot-bitcoin application filed with U.S. regulators, in addition to a petition by
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