Santander’s UK arm follows Barclays in banning payments to Binance
The bank said would be “following the FCA’s warning to consumers” in blocking payments made to the crypto exchange. Go to Source Powered by WPeMatico
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Thailand’s central bank warns against using digital currencies for payments
The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose “extensive risks to the general public or the economic and financial system.” Go to Source Powered by WPeMatico
Fiat-to-crypto onramp Simplex integrates SEPA Instant for European partners
“We’re delighted to add SEPA Instant to our growing portfolio of payment methods, giving our partners’ users the power to make instant wire transfers of up to €100,000, 24/7,” said Simplex CEO Nimrod Lehavi. Go to Source Powered by WPeMatico
China’s central bank worried about stablecoins’ risk to financial systems
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems. Go to Source Powered by WPeMatico
InComm Payments merchants can now accept crypto through Flexa
Payments are the next major hurdle for global cryptocurrency adoption. A new partnership between Incomm Payments and Flexa will enable crypto payments for hundreds of thousands of merchants worldwide. Go to Source Powered by WPeMatico
Visa reports over $1 billion in crypto spending in H1 2021
Payment giant Visa will continue connecting the crypto economy to its “network of networks” to support the broader digital transformation of financial services. Go to Source Powered by WPeMatico
Binance disappointed by Barclays’ ‘unilateral action’ to block customer payments
A Binance spokesperson reiterated to Cointelegraph that the Financial Conduct Authority’s recent edict only applied to Binance Markets Limited, or BML, which is a separate legal entity from the main global exchange that operates through Binance.com. Go to Source Powered by WPeMatico
Bitcoin volatility still a concern for CEO of BNY Mellon subsidiary
Francesca Fornasari believes that Bitcoin may not be suitable for most institutional investors. Go to Source Powered by WPeMatico
Institutional exchange launches crypto debit card
Touted for its ability to allow users to “leverage the digital assets in their day-to-day lives,” the Bakkt Visa debit card is now available for online and in-store purchases. Go to Source Powered by WPeMatico
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. EDPB Insists Data … Read more