bank accounts – DIGIT INFO

Digital Assets Platform Nexo Introduces USD, EUR, and GBP Fiat Accounts

DIGIT — Tue, 26 Nov 2024 12:30:08 +0000

Nexo, a digital assets wealth platform, has announced the launch of personal USD, EUR, and GBP fiat accounts. This new offering provides clients in over 150 countries with a seamless way to conduct bank transfers directly in their name, enabling efficient multi-currency management within a single platform. The introduction of these fiat accounts marks a […]

Go to Source

Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes

DIGIT — Sun, 15 Sep 2024 16:11:05 +0000

An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing accounts entirely disrupts livelihoods and called on investigative agencies to […]

Go to Source

Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.

DIGIT — Sat, 31 Aug 2024 02:30:10 +0000

Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which focuses on increasing the interaction between crypto and legacy rails in the U.S. With UMA Extend, businesses can opt in for a direction that can be linked to an account, allowing them to instantly receive LN payments […]

Go to Source

Israeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’

DIGIT — Tue, 14 May 2024 17:38:08 +0000

Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.

Go to Source

Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million

DIGIT — Thu, 11 May 2023 06:30:30 +0000

According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have […]

Go to Source

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

DIGIT — Sat, 29 Apr 2023 08:19:58 +0000

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan […]

Go to Source

Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency

DIGIT — Sat, 15 Apr 2023 21:30:16 +0000

Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and […]

Go to Source

Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts

DIGIT — Mon, 06 Mar 2023 05:20:03 +0000

Tether has hit back at a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts.

Go to Source

Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

DIGIT — Thu, 16 Feb 2023 21:00:21 +0000

The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of […]

Go to Source

US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried

DIGIT — Sat, 21 Jan 2023 16:45:19 +0000

Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried, holding millions in cash. US Government Seizes Millions in Cash and Robinhood Shares From […]

Go to Source