Binance Australia head Ben Rose claimed the exchange got less than a day’s warning from its payments partner before it was “cut off” from the local banking system in May.
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Binance Australia head Ben Rose claimed the exchange got less than a day’s warning from its payments partner before it was “cut off” from the local banking system in May.
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MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states.
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Digital asset bank Custodia sued the Fed in June 2022, claiming an “unlawful delay” in processing an application for its master account.
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Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.
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It has been reported that Swiss-based FlowBank and Liechtenstein-based Bank Frick have been mentioned as potential intermediaries for this service.
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Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
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Doubts regarding crypto remain among German banks, but there is a growing concern about missing out on a potentially game-changing development.
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The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines.
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Whampoa Group started its digital asset arm in 2021 and has invested in a $500 million Binance Labs fund along with TikTok parent ByteDance.
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Australian dollar deposits and withdrawals have been suspended by the exchange citing a decision made by a third-party prov
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