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EU Commission to remove Russian banks from SWIFT cross-border network

The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. In a joint statement released by the European Commission, leaders from France, Germany, Italy, the United Kingdom, Canada, and

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Browser-based metaverse Portals aims to remove the need to get a VR headset

Metaverse startup Portals has raised fresh funds to finance its browser-based metaverse that allows people to enter without virtual reality (VR) equipment.Portals co-founder Adam Gomez told Cryptox that a browser-based platform lowers the barrier to enter metaverse for many people. Simply clicking a link would allow users to enter the

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CoinEx crypto exchange to remove all mainland China users in October

CoinEx cryptocurrency exchange is winding down operations in mainland China to comply with local anti-crypto regulations.The company officially announced on Sept. 30 that it will completely retire user accounts verified as mainland China citizens as well as those linked to a mobile phone number from mainland China.The exchange has asked mainland

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OCC Seeking to Remove Structural Barriers to Financial Inclusion

The Office of the Comptroller of the Currency, or OCC, launched a project aimed to improve financial inclusion of underserved populations.Called REACh, which stands for Roundtable for Economic Access and Change, will bring together banking industry leaders and national civil rights, business and technology organizations to identify and reduce barriers

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