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Tag: firms
Bank of Israel Issues Draft Regulations Regarding AML for Crypto Firms
The Bank of Israel has issued a new draft guideline to stakeholders in the cryptocurrency ecosystem concerning Anti-Money Laundering (AML) provisions. According to the press release published by the b...
Firms like Stripe that left crypto earlier tend to join again, along with the new ones!
Looking at the all over popularity and mass adoption of cryptocurrencies bringing many payments firm’s hopes and beliefs back One of the world’s leading payment services companies Stripe has brought ...
Chainalysis launches two free tools to enable crypto firms to monitor sanctions
The crypto sector has been under intense pressure following the sanctions imposed against Russia by the US and other Western countries. With regulators becoming concerned about Russia using crypto to ...
Russians Look To UAE-Based Crypto Firms For Safeguarding Wealth
In the chokehold of international sanctions and economic uncertainty, Russians have reportedly been seeking means of getting their wealth out of the country. Reuters reports that one of the ways being...
Energy Firms Pay Record Prices to Buy Own Shares as Oil Booms
(Bloomberg) — Energy stocks are on a roll as soaring oil prices push them to record highs. So what are the companies doing with the windfalls? Buying back their shares. Most Read from Bloomberg ...
UK regulators warn crypto firms aren’t exempt from Russian sanctions rules
advertisement The Bank of England, HM Treasury and the Financial Conduct Authority issued a joint statement on sanctions and crypto assets amid Russia’s invasion of Ukraine. The statement is th...
Crypto firms begin shuttering UK operations ahead of formal FCA registration deadline
Crypto startups are giving up hope of continuing to do business in the UK under pressure from the Financial Conduct Authority (FCA). The finance watchdog has notified at least half a dozen crypto firm...
Crypto Firms May Look at Traditional Finance Firms as M&A Targets
If some observers are right, cryptocurrency mergers and acquisitions may soon become a “man bites dog” story. This much is clear: Deal activity in the crypto sector is heating up. As mainstream adopti...
UAE Close To Issuing New Regulatory Framework For Crypto Firms, Says Regulator
The Securities and Commodities Authority (SCA) has stated that the United Arab Emirates (UAE) is moving closer to providing a regulatory and supervisory framework that will control the country’s virtu...
Unstoppable Domains Partners With Multiple Firms to Support Women of Web3.0
Blockchain-based domain name services provider Unstoppable Domains has launched Women of Web3.0, an initiative that seeks to recognize and empower women and other marginalized groups in the growing wo...
Firms Exit Russia, Fitch Sees ‘Imminent’ Default
(Bloomberg) — Most Read from Bloomberg Starbucks Corp. and Coca-Cola Co. joined the steady stream of companies suspending operations or pulling out of Russia, as Fitch Ratings said a bond defaul...
Sanctions Bite – Netflix, American Express, 2 Major Accountancy Firms Reject Russia
As sanctions bite, Netflix – the world’s largest streaming entertainment provider, American Express, and prominent accountancy firms KPMG and PricewaterhouseCoopers – severed connections with Russia o...
$110 Oil Prompts Private Shale Firms To Open The Taps
When rebounding oil demand began pushing benchmarks higher last year, forecasters and traders alike watched the U.S. shale patch with bated breath to see when drillers would start drilling again. Most...
UK’s FCA says 50 crypto firms are under investigation
The Financial Conduct Authority (FCA) has announced a crackdown on cryptocurrency firms operating in the country. The move comes as the regulatory body seeks to push unregistered crypto businesses out...
UK’s FCA investigated 300 crypto firms in 2021
The UK Financial Conduct Authority (FCA) has announced that it would double down on its efforts to prevent investors from coming to harm. It stated this in a press release which also detailed its plan...
Ex-Unilever CEO namechecks Tesla, says firms should focus on long term
The ex-CEO of British consumer goods giant Unilever has shared his view on how businesses should operate in the years ahead, namechecking Elon Musk’s Tesla, Danish energy firm Orsted and Beyond ...
UK Regulator FCA Places 50 Crypto Firms Under Investigation
The Financial Conduct Authority (FCA), the United Kingdom’s apex market regulator, is taking a proactive approach to curbing scams as they are inherent in the fast-growing crypto world. Per a report ...
Skeptical About Crypto, Citadel CEO Griffin Talks About His Firm’s Role In Crypto
Citadel CEO Ken Griffin commenting on the firm’s recent minor investment by Paradigm and Sequoia says that the crypto will bring an expertise that will act as a guiding stick for the company’s digital...
Fifty UK crypto firms under active investigation, says FCA
advertisement The UK’s top finance watchdog said Thursday that 50 crypto firms are under active investigation. The figure was included in a statement issued by the Financial Conduct Authority (F...
FCA Opens Over 300 Cases Unregistered Crypto Firms
The UK’s Financial Conduct Authority (FCA) announced on Thursday that it is taking assertive action against the rampant financial scams in the consumer investment market. It has also alarmed investors...
SEC Targets NFTs, Sending Subpoenas to Various Creators and Firms
The SEC is now aiming at the creators of NFTs in an effort to determine whether or not they violate its rules and regulations. The financial regulator is growing concerned that NFTs are being used for...
Crypto Market Rebounds As Tech firms Boycott Russia
This morning, the crypto market registered gains, with most top 10 cryptocurrencies registering positive numbers over the past 24 hours. In a move to support Ukraine Apple has joined other major tech ...
Major crypto firms’ UK business at stake as regulatory clock ticks down
The UK’s government has brought forward legislation to crack down on “dirty money,” as geopolitical tensions escalate following Russia’s invasion of Ukraine last week. Due to be read out in Parliament...
JPMorgan project will push bank further into market serving private firms
JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images JPMorgan Chase i...
Russia Hikes Interest Rate to 20%, Asks Firms to Sell FX Reserves
The Central Bank of Russia announced on Monday the increase of its key interest rate from 9.5 percent to 20 percent that came as an emergency move. The move came as the monetary regulatory is trying t...
These South Korean crypto firms are warming up to meet the FATF travel rule
South Korean regulatory watchdogs have made stance pretty clear with the new travel rule in place. No, not for COVID. As the regulatory landscape changed in Korea, crypto businesses had to proactively...
Kazakhstan shuts down 13 crypto mining firms for illegal operations
Kazakhstan continues with its fight against illegal cryptocurrency mining firms. 13 crypto mining firms in the country have been shut down for failing to comply with the local regulations. The Ministr...
EU members reportedly plan for AML watchdog to oversee crypto firms by 2024
The European Commission, in coordination with other authorities, reportedly plans to have its financial watchdog group potentially oversee illicit transactions at crypto firms. According to a Tuesday ...