crypto trading

PayPal set to launch crypto trading in the UK and may embrace DeFi

Global payments platform PayPal is looking towards the United Kingdom as the next market in which to expand its crypto trading services. According to the company’s second-quarter earnings call on Wednesday, PayPal has done very well out of crypto trading for the period. CEO Dan Schulman stated that the U.K. is likely to be the …

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Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

<div class=”featured_image_container”> </div> <strong>Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. </strong> Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh …

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South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

<div class=”featured_image_container”> </div> <strong>Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. </strong> Korean Financial …

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$55 Billion Hedge Fund Firm Marshall Wace Planning Investments in Crypto Sector

<div class=”featured_image_container”> </div> <strong>Hedge fund firm Marshall Wace, with $55 billion in assets, is reportedly gearing up to launch a portfolio investing in the crypto sector.</strong> London-headquartered hedge fund firm Marshall Wace is planning investments in the crypto sector, the Financial Times reported Tuesday. Founded by Sir Paul Marshall and Ian Wace in 1997, Marshall …

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Philippine Stock Exchange wants to launch local crypto markets first

The Philippine Stock Exchange (PSE) is aiming to be first in line when financial regulators give the green light for crypto asset trading in the country. On Friday, July 2, CNN reported that PSE president and CEO Ramon Monzon said the local bourse should be the country’s first exchange platform for crypto assets. He stated: …

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New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange

<div class=”featured_image_container”> </div> <strong>Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange market. </strong> Draft Law Prohibits Crypto Payments in Islamic Republic Members …

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South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin

<div class=”featured_image_container”> </div> <strong>One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving “transaction transparency.”</strong> Bithumb Bans Employee Bitcoin Trading – Will Monitor …

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Formula 1 Secures Multimillion Crypto Sponsorship Deal

<div class=”featured_image_container”> </div> <strong>Formula 1, the international auto racing organization, has found a new sponsor from the crypto industry. The long-term deal will provide a digital asset trading platform with brand presence at F1 events while the car championship hopes that the partnership will allow it to “explore the world of cryptocurrency.”</strong> Crypto.com to Support …

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Indians Hold $40 Billion in Cryptocurrency, Report Suggests

<div class=”featured_image_container”> </div> <strong>Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. </strong> Indian Crypto Investments Increase Amid Regulatory Uncertainty A growing number of Indians have put money into …

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Tehran Government Bans Iran Blockchain Association

<div class=”featured_image_container”> </div> <strong>The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology development. </strong> Iranian Authorities to Review IBA Dealings With Crypto Exchanges The …

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