Latest News for: Crypto assets bank

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EU Parliament Adopts AML Laws Regulating Bitcoin Based On Questionable Assumptions

Bitcoin Magazine 26 Apr 2024
Papers published by the World Bank on crypto asset adoption do not provide much more insight into the impacts of cryptocurrencies on AML/CFT efforts either – The papers “” and “” simply re-refer readers to existing FATF recommendations.
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“Tringlr Is a Cut Above Other Digital Asset Storage Solutions”: Choise.ai Founder Speaks About Their ...

Cryptopolitan 25 Apr 2024
This allows you to conduct crypto-to-crypto exchanges and transfers while also enabling crypto-to-fiat conversions, bank card recharges, or IBAN transfers ... They are more inclined to use crypto assets to store their money.
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Europe tightens crypto regulations with new anti-money laundering laws

Cryptoslate 25 Apr 2024
Crypto Asset Service Providers (CASP) ... banks, assets and crypto assets managers or real and virtual estate agents) have to report suspicious activities to FIUs and other competent authorities.”.
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Nigerian Crackdown Fake News? CBN Denies Crypto Accounts Freezing Circular

Bitcoinist 25 Apr 2024
The news raised alarms as, four months ago, Nigeria lifted the ban that prevented banks and other financial institutions from operating accounts for virtual asset service providers (VASPs).
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Crypto-focused federal chartered bank intros settlement network

BitRSS 25 Apr 2024
A federally chartered bank is now offering settlement of US dollars and crypto assets for buy- and sell-side institutions. Crypto-focused Anchorage Digital unveiled its new settlement network, called Atlas, in a Thursday announcement. Atlas has a ... .
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EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation

Finance Magnates 25 Apr 2024
In January, the European Banking Authority extended its guidelines on money laundering and terrorist financing risk factors to crypto-asset service providers.
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Breaking: EU Parliament Passes AML Regulation

CoinGape 25 Apr 2024
Crypto Exchanges Have Obligation To FIU ... During this process, suspicious activities detected by “obliged” entities like banks, crypto asset managers, and others, must be reported to the FIUs or any authorized body.
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EP adopts new anti-money laundering rules

Kuna 25 Apr 2024
banks, assets and crypto assets managers or real and virtual estate agents) have to report suspicious activities to FIUs and other competent authorities ... AMLA will also supervise the implementation of targeted financial sanctions.(end) htms.ibi. .
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FSCA releases list of 75 approved crypto asset service providers

Independent online (SA) 24 Apr 2024
Any media reports implying otherwise are therefore incorrect as the South African Reserve Bank does not currently recognise crypto assets as currency,“ the FSCA further said.
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Brazilian Fintech Giant Nubank Embraces Cryptocurrencies

The Arabian Post 24 Apr 2024
The bank has expressed plans to broaden its crypto portfolio by adding support for more tokens in the near future ... The bank’s commitment to expanding its crypto offerings positions it as a key player in shaping the future of finance in Brazil.
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Central Bank of Nigeria denies freezing crypto exchanges’ accounts

Cryptopolitan 24 Apr 2024
The ban’s lifted, and the CBN is now playing coach, handing out guidelines to banks and financial institutions on how to handle crypto operations, specifically with Virtual Assets Service Providers (VASPs).
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Dubai-Based CoinW Unveils Rebranding and Prop Trading Product

Finance Magnates 24 Apr 2024
"We have a host of exciting plans in the pipeline that promise to revolutionize the way digital assets are traded ... Additionally, 29% see crypto as a more convenient asset storage method than traditional banks, and 22% use it for daily transactions.
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Europe’s Largest Traditional Banks Venturing into Crypto Thanks to MiCA

Coinspeaker 23 Apr 2024
A few major banks in Europe are now making efforts to enter the crypto sector following the adoption of the Markets in Crypto-Assets (MiCA) regulations ...European banks are moving into crypto as an ...
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Brazil’s digital bank Nubank allows withdrawals for Bitcoin, Ethereum and Solana

Invezz 23 Apr 2024
On Tuesday, Nubank told its customers that they can now withdraw their crypto assets using the bank’s app ... The crypto bank collaborated with blockchain infrastructure firm Paxos in its venture into digital assets trading and custody services.
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Woo X Partners OpenTrade to Launch Tokenized Treasury Bills for Retail Consumers

Coinspeaker 22 Apr 2024
For what it is worth, tokenization, especially that involving bank-grade assets like the US Treasuries has recently been gaining more attention in the crypto space.

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