Firms – DIGIT INFO

Over 600 firms reveal billions in combined investment in Bitcoin ETFs

DIGIT — Thu, 16 May 2024 11:27:34 +0000

Millennium Management is the largest Bitcoin ETF investor with a $1.9 billion investment.

Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

DIGIT — Thu, 11 May 2023 12:04:58 +0000

The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 […]

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Singapore Seeks Detailed Information From Crypto Firms Ahead of New Regulations, Report Unveils

DIGIT — Sat, 27 Aug 2022 06:30:19 +0000

Financial authorities in Singapore are taking steps toward increased oversight in the crypto space with the city-state’s central bank reportedly asking companies to provide additional information about their activities and assets. Ahead of a possible broadening of the applicable rules, the authority is trying to get a clearer idea of their financial state, knowledgeable sources […]

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Financial Companies Report First Deal With Digital Assets Under Russian Law

DIGIT — Fri, 01 Jul 2022 09:30:47 +0000

Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned Vneshtorgbank (VTB), […]

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Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia

DIGIT — Sun, 06 Mar 2022 14:30:01 +0000

A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech companies have been limiting operations in the Russian Federation also in response to Kyiv’s call for help. Payments Giant Paypal Halts Services in Russia, Maintains […]

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China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures

DIGIT — Wed, 17 Nov 2021 20:30:48 +0000

Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go after large-scale cryptocurrency mining taking place at government-operated industrial facilities. State Firms Mining Crypto in China to Face Higher Electricity Bills China’s National Development and […]

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Crypto Companies Establish Presence, Hire Talent in Ireland

DIGIT — Sun, 25 Jul 2021 19:30:37 +0000

With a friendly attitude towards financial innovation, the Republic of Ireland has become a desired destination for fintech businesses that need unimpeded access to the common European market. Cryptocurrency companies have been opening offices in the EU member state with some well-known players now looking to hire local talent. Major Crypto Companies Set Up European […]

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Europe Raises 20 Unicorns This Year Including Crypto Companies

DIGIT — Tue, 15 Jun 2021 09:30:26 +0000

Twice as many European startups have achieved unicorn status in 2021 compared to last year. Despite the negative effects of the ongoing Covid crisis, young companies on the Old Continent, including several crypto unicorns, have managed to attract a record high amount of VC capital. European Unicorns Collect €32.5 Billion in 2021 This year alone, […]

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UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules

DIGIT — Fri, 04 Jun 2021 02:00:48 +0000

Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their applications. FCA Extends Temporary Registrations Regime Till End of March 2022 The Financial Conduct Authority (FCA) announced […]

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Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

DIGIT — Sun, 22 Nov 2020 15:15:55 +0000

Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all. Moreover, while many […]

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