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Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.Ripple confirmed the approval from the Monetary Authority of Singapore (MAS) in a June 22 statement. The approval will allow its subsidiary — Ripple Markets Asia Pacific
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied During a session in the House of Lords, lawmakers in the upper house of the United Kingdom Parliament voiced their support for the Financial Services and Markets Bill. The bill aims to bolster the nation’s financial services
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to a BNN Bloomberg report, Deutsche Bank — a leading global financial institution — has recently submitted an application to the German securities regulator, Bafin, seeking approval to provide custody services for digital assets, including
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Deutsche Bank’s application for regulatory approval is a positive step toward the development of a regulatory framework for digital asset custody services in Germany. Deutsche Bank AG (ETR: DBK), one of the leading financial institutions in the world, is seeking regulatory approval from Germany’s financial market regulator, BaFin, to operate a
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Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin (BTC) mining. Starting June 15, users that are interested in Bitcoin mining but lack the equipment can subscribe to Binance’s cloud mining services and purchase hashrates for the same. Hashrate is the computing power required for
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The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers. Source
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“The APPG supports the position of HM Treasury that cryptocurrency and digital assets are best regulated, in so far as is possible and appropriate, within existing and new financial services regulations, which has a track record in mitigating risks to consumers and investors,” the report said. Original Source
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The United States House of Representatives Financial Services Committee has scheduled a hearing on crypto to discuss its future and provide clarity for the digital assets ecosystem.On June 6, Representative Patrick McHenry, the House Financial Services Committee chairman, announced a full committee hearing titled “The Future of Digital Assets: Providing
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Morphing from Twitter into X, the new super app will offer users multiple services and will effectively be the WeChat of the West. Twitter CEO Elon Musk has confirmed that the microblogging website will rebrand to X sometime in the near future. Elon Musk responded with “True” to a tweet announcing the
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