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Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox. Using Crypto to Enable Faster and Cheaper Remittances In a statement, the fintech firm claims […]Powered by WPeMatico
The Central Bank of Colombia has announced its involvement in the first blockchain bond pilot program in the country, with the participation of the Interamerican Development Bank (IDB) and Davivienda, a private commercial bank. The proof of concept will use the Lacchain blockchain platform developed by the IDB, which will handle the operative part of […]Powered by WPeMatico
One of Zimbabwe’s biggest financial institutions, CBZ Holdings says it is looking at ways it could “leverage cryptocurrencies and other emerging digital innovations.” According to the financial institution’s chairperson, Marc Holtzman, CBZ “is open-minded about new innovations, as these could open up new opportunities going forward.” Innovations Opening up New Markets Speaking in an interview […]Powered by WPeMatico
According to a new report published by the Capital Markets Authority (CMA) of Kenya, the country’s regulatory sandbox has now received 24 applications, queries, and proposals since March 2019. From this total, only seven firms have been admitted into the sandbox, and “a few more (are now) in the final stages of review.” However, just […]Powered by WPeMatico
Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory environment around three years ago. CBR Pilots 3 Crypto Projects in 2020 […]Powered by WPeMatico
Following the regulatory sandbox approval by Canadian regulators, Wealthsimple announced that it has launched “Canada’s first regulated crypto platform.” The new crypto exchange is regulated by the federal government as well as regulators in 13 provinces and territories in Canada. Wealthsimple Crypto Regulated in All Provinces and Territories in Canada Canadian investment management firm Wealthsimple […]
The post Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins Trading appeared first on Bitcoin News.
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The U.S. state of Hawaii has authorized 12 cryptocurrency companies to start operating in the state without needing a money transmission license. No action will be taken against them for conducting unlicensed money transmission activities for two years. Hawaii Green-Lights 12 Crypto Firms Several cryptocurrency companies independently announced on Wednesday that they have been greenlighted […]
The post 12 Crypto Firms Authorized to Operate License-Free in Hawaii for Two Years appeared first on Bitcoin News.
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Bahrain’s regulatory sandbox has become increasingly crypto-friendly as half of the companies approved are now either crypto exchanges or other crypto businesses including ATMs. There are currently 30 companies approved for the regulatory sandbox by the central bank. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Regulatory Sandbox Thirty companies are currently […]
The post Bahrain’s Regulatory Sandbox Teeming With Crypto Companies appeared first on Bitcoin News.
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An Israel Securities Authority (ISA) committee tasked with examining the regulation of crypto coin offerings has submitted its final recommendations today, March 6. They include the option of creating a dedicated platform for trading digital assets. Also Read: In the Daily: Opera Browser, EY Tax Tool, Elliptic, Cryptopia Exchange Regulating Coin Offerings in Israel The […]
The post Israel Securities Authority Wants a Dedicated Token Exchange appeared first on Bitcoin News.
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An idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared by the Economy Ministry, a high-ranking parliamentarian has voiced his support, and big business is discussing its implementation. Also read: No Reason to ‘Bury’ Cryptocurrencies, […]
The post Russian Institutions Back Proposal to Let Companies Use Cryptocurrency appeared first on Bitcoin News.
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