blockchain
Top StoriesFtx Collapse Shows Urgent Need to Finalise EU Crypto Rules, Says European Commission
Top StoriesBlockFi Tells U.S. Bankruptcy Court It Is ‘the Antithesis of Ftx’
BankingBritain to Allow Banks to Take on More Risk to Stay Competitive
Technology3 Trends Defining the Digital Transformation Sector in 2023
The Future of Banking Is the Digital Passport
Date: November 23, 2022
By Nish Kotecha, Chairman and co-founder Finboot It is ironic that Wise, one of UK’s fastest growing fintech’s was recently fined by Abu Dhabi over anti-money laundering failures. US$360k is a drop in the ocean for a company whose mission is to create a world for “Money without borders – instant, convenient, transparent and eventually...
‘Wave’ of Lawsuits Over Ftx Expected, but Investors Will Face Legal Hurdles
Date: November 18, 2022
By Jody Godoy (Reuters) – A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in losses on the cryptocurrency exchange, though the cases will face obstacles including proving that U.S. securities law applies to FTX’s products, experts said. The lawsuit,...
UK Financial Watchdog Urges Political Support for Crypto Bans
Date: November 16, 2022
By Huw Jones LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) on Tuesday called on lawmakers to show their support for its unpopular decision not to grant licences to scores of crypto exchanges like FTX, which has just collapsed. The FCA has come under pressure as 85% of licence applications from crypto trading firms have...
Singapore FinTech Festival 2022 Sees Record Turnout From the Global FinTech Community
Date: November 15, 2022
Singapore, 14 November 2022… The seventh edition of the Singapore FinTech Festival (SFF), which concluded on 4 November 2022, attracted more than 62,000 participants from over 115 countries. This was the largest SFF gathering since the inaugural edition in 2016. SFF 2022 featured more than 850 speakers from private and public sectors who participated in...
Visa Has Terminated Global Debit Card Agreements With Ftx
Date: November 14, 2022
NEW YORK (Reuters) – Visa Inc, the world’s largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX. “The situation with FTX is unfortunate and we are monitoring developments closely,” a Visa spokesperson told Reuters. “We have terminated our global agreements with FTX and their U.S....
Analysis-FTX Debacle Sparks Investor Rethink of Battered Crypto Market
Date: November 11, 2022
By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of a sector already bruised by the bitcoin bubble bursting and closures of key market players. Crypto markets have come under intense pressure this year, as rising...