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Latest from Camomile Shumba
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Bybit said it will suspend its U.K. operations entirely and Paypal said it would temporarily stop crypto purchases.
Crypto vs. Banks? It’s Not Either-Or for Chainlink, Ripple
Rather than attempting to disrupt banks and other traditional payments systems, these high-profile blockchain developers are looking to court their business.
Why Some Crypto Firms Are Suspending Services in the U.K.
Bybit and PayPal have recently withdrawn certain services from the U.K. and Luno has halted some U.K. clients from investing in crypto – just ahead of tough new promotions rules for crypto firms coming into effect.
UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.
Chainlink Unveils ‘Data Streams’ to Reduce Latency, Expands Decentralized Computing
The company launched Chainlink Data Streams and announced new decentralized computing capabilities.
Coinbase Obtains Payment License in Singapore
The Coinbase International Exchange received regulatory approval from Bermuda's financial regulator, and Coinbase registered with Spain's central bank last week.
Coinbase Receives Regulatory Approval to List Perpetual Futures Trading to Users Outside US
The company has been looking to expand globally and announced its international exchange in May this year.
Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi
The Bank for International Settlements alongside the central banks of France, Singapore and Switzerland tested out using wholesale CBDC to conduct cross border trading.
Countries Should Set Up Legal Frameworks to Support CBDCs: BIS Chief
It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of the Bank for International Settlements said.
Kraken Pushes Forward on Expansion in Spain, Ireland With Key Regulatory Steps
Kraken obtained a registration from Spain's central bank, while its Irish subsidiary secured a license.
