Thursday, March 28, 2024
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What Crypto Can Learn From Regulatory Overhauls at PayPal, Robinhood and Revolut

Similarly, regulation in crypto can encourage greater transparency by utilizing blockchain’s distributed ledger technology. We’ve seen legislation such as MiCA attempt to implement verification measures to bring Web3 in line with existing financial institutions. For example, it limits non-KYC’ed wallet addresses to 1,000 euros (~$1,057) per transaction — while KYCd

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Digital Bank Revolut Suspends U.S. Crypto Operations Citing ‘Regulatory Environment’

The platform said it took the "difficult decision" with its U.S. banking partner because of an "evolving regulatory environment" in the country. Regulators there, led by the Securities and Exchange Commission, have been cracking down on crypto, targeting exchange platforms like Coinbase (COIN) and Binance, as well as a host

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Revolut UK Banking License Application Faces Rejection by Bank of England

Amid financial scrutiny, UK fintech giant Revolut faces rejection for its long-running banking license application.  Revolut is facing a possible rejection of its UK banking license application submitted to the Bank of England (BoE). The British neobank’s long-standing application for a UK banking license appears to be in jeopardy and could cause a

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Revolut Launches Business Offering in Australia, Seeking Banking License

Revolut believes that license would help to ensure higher consumer confidence. Crypto-friendly fintech company Revolut has introduced an international payment-targeted business account for customers in Australia, as it is allegedly operating to safeguard a banking license. The London-based company provides a wide range of fiat payment services for customers in Europe and

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Revolut launches business offering in Australia, seeks banking license

Crypto-friendly fintech firm Revolut has launched international payments-focused business accounts for clients in Australia, as it reportedly works to secure a banking license down under.The London-based firm offers a range of fiat payment services for clients in Europe and Australia. It also offers crypto services, including the buying and selling

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Revolut taps Koinly for automated cryptocurrency tax reports

As cryptocurrencies increasingly fall under the purview of global tax authorities, digital bank Revolut has integrated an automated tax reporting service for its users.The digital financial services provider has partnered with cryptocurrency tax solution Koinly to allow users to generate cryptocurrency tax reports to work out gains and losses. Revolut

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