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Cryptocurrency exchange Bitget has relaunched its application in the United Kingdom after temporarily restricting access to comply with local financial regulations. On November 12, Bitget confirmed that it had reactivated its UK website, now fully compliant with the Financial Promotions regime, the exchange told Cointelegraph. The relaunch comes a few months after Bitget had restricted...
Cryptocurrency payment gateway Alchemy Pay has expanded its compliance in the United States by obtaining new licenses in four additional states. The company secured money transmitter licenses (MTLs) for Minnesota, Oklahoma, Oregon, and Wyoming, as announced on November 8. These new licenses bring Alchemy Pay’s total number of state licenses to eight, according to data...
Evan Frederick Light, an Indiana resident, has pleaded guilty to charges of conspiracy to commit wire fraud and money laundering after stealing over $37 million in cryptocurrency. The United States Department of Justice (DOJ) announced on Oct. 1 that Light unlawfully accessed an investment firm’s computer servers to steal customer information, ultimately exploiting the data...
Authorities and investors in Greece are increasingly concerned about the lack of clear regulatory and tax frameworks for cryptocurrencies, as digital asset adoption reaches new heights in the country. This concern has been fueled by the rapid growth in cryptocurrency use, particularly among young adults around the age of 30, driven in part by the...
Former United States President Donald Trump has pledged to end President Joe Biden’s stringent cryptocurrency policies if he is re-elected. Speaking at an event in West Palm Beach, Florida, on his 78th birthday, Trump criticized Biden’s “war on crypto” and promised to secure and develop the future of Bitcoin and crypto in America, particularly in...
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have expanded their cross-border digital yuan pilot, allowing Hong Kong residents to use e-CNY wallets. This initiative aims to facilitate retail payments without enabling person-to-person transfers. The digital yuan, or e-CNY, is China’s central bank digital currency (CBDC), which has been in...
Visa has announced a major achievement in the Asia-Pacific region, with its Visa Token Service (VST) generating over one billion tokens. This milestone underscores significant progress in enhancing the security and efficiency of digital payments. Launched in 2014, VST improves the safety of online transactions by substituting traditional 16-digit credit and debit card numbers with...
Bitlux, a leading private aviation company based in Boca Raton, Florida, has disclosed an industry-leading trend: the use of cryptocurrencies for approximately one-third of its flight bookings. This adoption reflects a significant move towards digital payment methods in the luxury travel sector. Since the beginning of 2021, Bitlux has completed almost 1,000 occupied flights and...
Nigeria has initiated a blockade on several leading cryptocurrency exchanges, including Binance, Coinbase, and Kraken, in an effort spearheaded by the Nigerian Communications Commission (NCC). This drastic measure aims to curb currency speculation and stabilize the rapidly depreciating naira, which has hit record lows against the dollar. The telecoms regulator’s directive to restrict access to...
Recent leaks from a closed-door meeting have unveiled that discussions about a Central Bank Digital Currency (CBDC), often referred to as the digital dollar, are advancing within the Federal Reserve. This revelation comes at a time when the cryptocurrency market, particularly Bitcoin and Ethereum, is experiencing a significant upturn, drawing renewed attention and legitimacy from...
