Category Archives: Cryptocurrency News

Swiss Post is developing its own crypto depository platform

The Swiss Post banking division intends to provide customers with direct access to the cryptocurrency markets through the controlled PostFinance service. The Swiss financial system is undergoing dramatic changes. The emergence of domestic competitors such as banks Neon, Alpian, Yapeal, foreign competitors such as Revolut, and the launch of digital services by traditional commercial banks have reduced Swiss Post’s revenue and customer base. In this regard, the Swiss Post has announced a new service –…

Brazil’s largest payment service launches cryptocurrency exchange

The PicPay payment service, which works similarly to PayPal or Cash App, opens an internal platform for trading crypto assets. The team behind PicPay, a Brazilian fintech app, is confident that the launch of the cryptocurrency platform will allow more than 65 million users of the service to make transactions with crypto assets without leaving the app. “PicPay enters the cryptocurrency market to promote it not only as an investment, but also as a way…

Cryptocurrency projects are massively moving from Terra to Polygon

After the collapse of the Terra ecosystem, projects based on this blockchain are forced to migrate to other networks. One of the most popular directions was the Polygon solution. Currently, 48 decentralized finance (DeFi) projects and blockchain games are migrating to the Polygon network. This was written by the CEO of Polygon Studios Ryan Wyatt (Ryan Wyatt). “It’s been great to help and welcome all these great developers into our ecosystem. We are flourishing! Welcome!”…

Playboy will build a mansion in the Sandbox metaverse

Playboy will open a virtual mansion in The Sandbox metaverse with themed entertainment based on the company’s history. Men’s magazine Playboy is teaming up with metaverse platform The Sandbox to build a metaverse digital counterpart of the MetaMansion party mansion. The magazine plans to change its development strategy, relying on new trends, such as, for example, Web3. Inside the digital mansion, mini-games, collaborative social activities, organized events, and regular digital releases are promised. The theme…

The United States called on Japan to ban national cryptocurrency companies from working with Russia

The US authorities called on the Japan Financial Services Agency to restrict the activities of national cryptocurrency exchanges and mining companies that continue to work with Russia. The US request came to the Japan Financial Services Agency (FSA) following changes to the Foreign Exchange and Foreign Trade Law. Amendments to the legislative act are aimed at strengthening the powers of the country’s regulatory authorities to limit the flow of digital currency. US diplomats said that…

A bill has been submitted to introduce licensing of crypto companies in Hong Kong

Members of the Legislative Council of the Special Administrative Region of China have been presented with a new bill aimed at combating money laundering and the financing of terrorism. The authors of the bill propose to introduce licensing of virtual asset service providers (VASP) and registration of dealers in precious metals and stones (DPMS). If the bill passes, Hong Kong companies operating in these two sectors will be required to comply with regulations aimed at…

British fund managers urge authorities to approve blockchain products

The Investment Association, a trading organization representing British investment managers, is lobbying to launch funds traded on the blockchain with digital tokens instead of traditional stocks. The Investment Association, a trading organization representing British investment managers, is lobbying for the launch of blockchain-traded funds with digital tokens instead of traditional securities. Members of the association propose to the British authorities and financial regulators to approve the formation of a working group to study methods for…

Philippine authorities received a request from regulatory authorities to ban Binance

The Infrawatch PH Public Policy Center has sent a letter to the Philippine Department of Trade and Industry asking them to initiate an investigation into the illegal marketing campaigns of the Binance crypto exchange. According to Terry Ridon, coordinator of the Infrawatch PH public policy think tank, advertisements for the Binance cryptocurrency exchange aimed at local consumers regularly appear on various social networks in the Philippines. Thus, Ridon said, the exchange is ignoring local regulations…

People’s Court of China banned the payment of wages in cryptocurrency

The People’s Court of China has ruled that stablecoins such as USDT cannot be used by employers for wages and any rewards. Despite the fact that all types of cryptocurrency transactions are illegal in China, some national companies still use virtual currencies to pay their employees. The reason for the legal proceedings was the appeal of an employee of the blockchain company, who accused his employer of refusing to pay wages in fiat yuan. According…

Belgian Supervisory Authority proposed to regulate cryptocurrencies as securities

The Belgian Financial Services and Markets Authority believes that issuers are required to know when cryptoassets are considered securities. Despite the fact that the law on cryptocurrencies in the EU is not yet in force. The FSMA has announced that digital assets that are limited in supply or can be traded for profit can be considered securities. Representatives of the regulator state that the European Union is now finalizing the Crypto Asset Markets Regulation (MiCA),…