Colombian Banks Shut Down Buda Crypto Exchange Accounts Colombian banks have closed all the accounts of South American cryptocurrency exchange Buda.com without warning or explanation.The company experienced a similar issue in Chile some months back, where several bank…… Read More
India’s Central Bank Stays Mum on Crypto Ban Reasoning The RBI has responded to a query about why it moved to block banks from dealing with crypto businesses earlier this year.… Read More
Money-Laundering Task Force Wants Binding Rules for Crypto Exchanges The Financial Action Task Force reportedly aims to develop compulsory rules for the world’s cryptocurrency exchanges.… Read More
Korean Banks Can Use Blockchain to Verify Customer IDs from July A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.… Read More
Swiss Bank to Allow Business Accounts for Crypto Companies Switzerland’s mortgage bank Hypothekarbank Lenzburg (Hypi) has announced that it will open business accounts for crypto companies.While cryptocurrency and blockchain technology have been widely accepted in Switze…… Read More
UK’s Financial Watchdog Issues Letter to Banks on Crypto Risks The U.K.’s Financial Conduct Authority has written to bank CEOs over the risks of “facilitating financial crimes which are enabled by cryptoassets.”… Read More
CFTC Demands Crypto Exchange Data In Market Investigation The U.S. regulator has subpoenaed four crypto exchanges to submit trading data as part of an investigation into market manipulation.… Read More
Lithuania Issues Guidelines for When ICO Tokens Are Securities Lithuania’s Ministry of Finance has published guidance on ICOs, outlining how different aspects of token offerings should be regulated. … Read More
Coinrail Exchange Hacked, Loses Possibly $40 Million in Cryptos South Korea-based Coinrail has not disclosed the exact amount lost in the breach, but data suggests the damage could be $40 million.… Read More
Quebec Halts Crypto Mining Approvals As New Rules In Progress Quebec announced on Thursday that it has halted approvals for new cryptocurrency mining operations and may raise energy costs for firms.… Read More