Cryptocurrency Analysis and News Portal
West Reading, Pennsylvania-based Customers Bank is the latest bank to join the list of FDIC-insured institutions in the country keen on working with cryptocurrency companies. Customers Bank to Work with Crypto Firms For the uninitiated, Customers Bank boasts about $19.6 billion in assets and, at present, commands assets worth of 0.52% of
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Payments giant PayPal expands its crypto trading services to the UK. UK Crypto Enthusiasts Welcome PayPal PayPal, a leading payments solution with a market cap of more than $320 billion today announced it had expanded its crypto trading services to the UK, according to a report by The Block. Per sources close to
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Beginning this week, residents of the United Kingdom will be able to buy, hold and sell cryptocurrencies through PayPal for the first time — marking a significant milestone for a company that began offering digital asset services less than a year ago. The global payments provider announced Sunday that U.K. customers
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Banco Central de Reserva (BCR), the central bank of El Salvador, has published draft regulations for banks and other financial institutions looking to offer bitcoin-related services. Draft Regulations for Bitcoin Digital Wallet Services The BCR released the document titled “Guidelines for the Authorization of the Operation of the Digital Wallet Platforms for
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Cryptocurrency businesses have continued to receive pressure globally from different regulatory bodies. For example, the Spanish National Securities Market Commission (CNMV) recently released a warning to many financial markets and crypto-related businesses. The warning is on unregistered services which they offer. From the official document from CNMV, about 11 entities received
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Singapore-based DBS Bank’s brokerage arm has received “in principal” approval to begin offering crypto services to asset managers and companies. DBS Bank Launches Crypto Services According to a Cryptox report published today, major Singaporean bank DBS Bank’s brokerage arm – DBS Vickers – has finally obtained the go-ahead from the national financial
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