The regulator of the US state of Iowa (IID), after an investigation by the US Securities and Exchange Commission (SEC) and other regulators, demanded that BlockFi pay an administrative fine of about $1 million. According to Iowa Insurance Commissioner Doug Ommen, cryptocurrency lending service BlockFi will have to pay $943,396.22 to list and sell securities without proper registration and regulatory approval. In addition, the regulator ordered the company to immediately stop working in the state.

The launch of a joint service between Splyt and Binance should allow users of the world’s largest crypto exchange to pay for services without leaving the mobile application. Binance and app developer Splyt have partnered to offer 90 million users in 150 countries access to vehicle rental and ticketing services through the Binance Marketplace. Through the partnership, Binance will become the first cryptocurrency exchange in the world to offer ride-hailing services on its platform. Once

The CEO of cryptocurrency wallet provider Exodus spoke about how company employees pay taxes and why bitcoin salaries are useful. Exodus continues to pay employees in bitcoin (BTC) despite the ongoing downturn in the cryptocurrency markets, CEO Jay Richardson said. Since its launch in 2015, the company has been paying 100% of salary in BTC. Exodus employs over 300 people. Even during serious market downturns in the past, the company did not stop paying salaries

The Central Bank of Nigeria believes that the introduction of the USSD code for the state cryptocurrency will enable almost 30% of the country’s population to access the financial services market. Central Bank of Nigeria (CBN) Deputy Governor Kingsley Obiora said at a meeting of the IMF’s Africa Department this Friday that the central bank intends to introduce a special USSD code to improve people’s access to digital naira. The regulatory framework for access to

The Swedish central bank (Riksbank) has demanded to prevent the adoption of bitcoin in the country, worrying about financial stability and the environment. The Central Bank published a report “Cryptocurrencies and their impact on financial stability”, in which he presented the results of his own research on proof-of-work (PoW) mining. The report argues that cryptocurrencies mined in this way should be banned in the country, as PoW is an energy-intensive method that affects the environment.

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The international payment system Mastercard has signed an agreement with the Brazilian company Mercado Libre on a commitment to increase the security and transparency of the crypto ecosystem of this online store. As follows from the joint statement of the parties, Mercado Libre will introduce Mastercard CipherTrace technology, which will automatically monitor compliance with the requirements of AML procedures (anti-money laundering) when calculating crypto assets. Thus, Mercado Libre will be able to minimize financial risks,

Circle, the issuer of the USDC stablecoin, has signed an agreement to acquire Cybavo, a cryptocurrency startup that serves institutional clients in Singapore. Circle co-founder and CEO Jeremy Allaire said the acquisition of Cybavo will help the company improve its customer service technology capabilities, “helping spread USDC.” The terms of the deal were not disclosed and it is expected to close soon. Crypto startup Cybavo was founded in Singapore in 2018 and is backed by

The Ministry of Finance of Lithuania announced that amid growing international tensions and the growth of the crypto industry in the country, there will be new rules for holders of digital assets. The Ministry of Finance specified that amendments to the legislation will be adopted to combat money laundering and combating the financing of terrorism (AML). After these amendments are approved by the Seimas, the rules prohibiting anonymous transactions in cryptocurrency will come into effect.

The Albanian Parliamentary Assembly called on the Financial Supervisory Authority (AFSA) to approve the missing cryptocurrency regulations by the end of the year, after discussing the issue with international regulators. Until the end of the year, AFSA should supplement and improve the legislation on crypto assets, as the country is ready to take advantage of the latest technologies, deputies say. On September 1, 2020, Albania adopted a law on financial markets based on distributed ledger