Indian crypto exchange BuyUCoin has sealed regulatory approval from Estonia’s financial watchdog to expand its services abroad. Speaking to Cointelegraph, the exchange’s CEO Shivam Thakral revealed that the platform had received its crypto-fiat license in late 2019, followed by a crypto wallet license this year. In tandem, BuyUCoin also announced its partnership on March 31 with Indian mobile-based payments system and digital wallet provider Mobikwik, which has a reported reach of 107 million users and 3 million merchants. Estonia’s compliance requirements Securing the licenses required to offer a full scope of fiat-crypto and custodial services in Estonia posed a challenge …
Estonia-based cryptocurrency BitBay went offline for more than 18 hours citing problems caused by a third-party service provider. On March 26, BitBay tweeted that it was struggling with a “network problem” resulting from their “external service provider.” The exchange stated that it had contacted the provider and was working on resolving the problem. Founded in Poland in 2014, BitBay claims to be the third-largest cryptocurrency exchange in Europe with more than 800,000 users. At 2.56AM (UTC) today, BitBay announced it was back online and would resume trading at 9AM. BitBay suffers outage for a day Four hours after going offline, …
Customers have been reporting that Barclays, a British multinational universal bank, has been blocking payments to Binance cryptocurrency exchange over the last week. The financial services giant has confirmed to cardholders that Barclays debit/credit card payments to the cryptocurrency exchange will not be allowed until further notice. One of crypto investment dashboard Wealth Kode’s co-founders, who goes by Lee on Twitter, posted a text notification from Barclays Monday that read: “As you’ve made a payment to Binance this year, we wanted to let you know that we’re stopping payments made by credit/debit card to them until further notice. This is …
Indian entrepreneur and the CEO of crypto exchange WazirX Nischal Shetty envisions a race between countries to launch their local versions of central bank digital currencies (CBDC) in the coming year. Speaking to Cointelegraph, Shetty said that the year 2022 would be an extension of the ongoing discussions around crypto regulations, exchange-traded funds (ETFs) and the emergence of the metaverse: “We’re optimistic that we’ll get regulatory clarity, see institutional participation fuel retail adoption. We also expect to see more metaverse projects making an entrance.” Shetty pointed out that the crypto industry today — directly or indirectly — employs about 50,000 …
After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices. In a Thursday blog post, Armstrong did not confirm whether any Coinbase employees had received disciplinary action or been referred for criminal charges in response to allegedly receiving insider information used to profit off certain token listings. According to the CEO, Coinbase planned to change its listing process over the next few quarters “to try and prevent on-chain data giving signal to watchful traders,” to allow users to rate and …