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Tag: reserve bank

PayPal’s Journey Into Crypto Continues: Expands Purchase Limits

PayPal

The online payment giant PayPal continues to expand its crypto services by increasing the existing crypto purchase limit and appointing a former Chainalysis executive to direct its crypto division. In a move intended to “meet the ever-changing needs” of its customers and provide customers with “more choice and flexibility” when using the platform to acquire [...]

The post PayPal’s Journey Into Crypto Continues: Expands Purchase Limits appeared first on Blockonomi.

Indian Startup Accepts Crypto Payments Despite Regulatory Uncertainty

Bitcoin Trading Exploding in India Since Supreme Court's RBI Ban Reversal
Bitcoin Trading Exploding in India Since Supreme Court's RBI Ban ReversalThe crypto fever seems to be steadily making its presence felt in India. Indian Startup Begins Accepting Crypto Payments The Rug Republic, a New Delhi-based startup recently announced it would begin accepting top 20 cryptocurrencies for payments but only from Indian customers. An Indian decor brand, the Rug Republic has become the first Indian company
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Top 10 Fintech News Stories for the Week Ending July 24, 2021

Another acquisition by Visa, another fintech SPAC starts trading and Square Banking highlight another busy news week in fintech. We also saw the...

India and Nigeria Consider CBDCs as Study Shows Strong Consumer Enthusiasm and Trust

Two of their respective regions’ most powerful economies are moving closer to the issuance of Central Bank Digital Currencies or CBDCs. In...

How Will PayPal and Citi’s Fare in Australia’s Crowded BNPL Space?

Competition is heating up in Australia’s buy now, pay later (BNPL) market as US digital payments giant PayPal and incumbent bank Citi are...

European Fintech Paysera Added by National Bank of Ukraine to Nation’s Register of Payment Systems

The National Bank of Ukraine has reportedly added Fintech firm Paysera to the nation’s Register of Payment Systems. After carrying out the necessary technical...

WazirX needs to explain why withdrawals from crypto wallets were NOT in violation of FEMA

Binance-owned Indian cryptocurrency exchange, WazirX was on the receiving end of yet another notice from the Enforcement Directorate [ED]. As per reports, the notice questioned "withdrawals from crypt

The post WazirX needs to explain why withdrawals from crypto wallets were NOT in violation of FEMA appeared first on AMBCrypto.

U.S. Treasury Secretary Janet Yellen Convenes Meeting to Discuss Stablecoins

U.S. Treasury Secretary Janet Yellen Convenes Meeting to Discuss Stablecoins
U.S. Treasury Secretary Janet Yellen Convenes Meeting to Discuss StablecoinsStablecoins to be the center of discussion in the upcoming meeting among federal financial regulators in the U.S. U.S. Financial Regulators to Discuss Stablecoins U.S. Treasury Secretary Janet Yellen announced yesterday that a meeting would be convened on July 19 to discuss stablecoins and their potential benefits and risks. Specifically, the high-profile meeting will be
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India’s ICICI bank denies its users to use its remittance service to purchase crypto.

One of India’s largest private sector banks, ICICI Bank, has tweaked its remittance form to require clients to declare that they would not invest in cryptocurrencies or even use proceeds of cryptocurrency trading. ICICI Bank has been gradually shutting out crypto ties in recent months, in line with actions taken by its peers, including Yes […]

Reserve Bank of India Decides to Indefinitely Prevent Mastercard from Providing New Debit, Credit Cards to Locals

The Reserve Bank of India (RBI) revealed on Wednesday (July 14, 2021) that it has decided to indefinitely ban Mastercard Inc (NYSE: MA)...

Regulators in Philippines Concerned about Virtual Currency Investment Risks, but Local Stock Exchange Wants to Offer Crypto Trading

The Philippine Stock Exchange (PSE) is currently seeking regulatory approval to begin offering cryptocurrency trading, PSE President and CEO Ramon Monzon thinks that the...

CBDCs Report: Switzerland May Want to Seriously Consider Central Bank Digital Currency Projects to Remain Competitive

At a time when reserve banks across the globe are increasingly focusing on their digital currency initiatives, Switzerland’s apparent lack of interest in...

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