Indian crypto exchange CoinSwitch has launched a new suite of specialized investment services targeting High-Net-Worth Individuals (HNIs) and institutional investors. The new offering, which requires a minimum investment of ₹10 lakhs (approximately 623 USD), aims to provide a range of premium services, including tailored investment strategies, dedicated account management, professional ...
India’s financial regulator may grant two foreign-based crypto exchanges approval to operate in the country by March 2025. According to a report by local media outlet Business Standard, the country’s Financial Intelligence Unit (FIU) is currently reviewing registration applications from four offshore cryptocurrency exchanges. While the specific platforms remain undisclosed, ...
Zurich Cantonal Bank (ZFB), Switzerland's fourth-largest financial institution, has announced the launch of crypto-focused services for its customers. In a press release published on September 4, 2024, the bank detailed that these new services are fully integrated into its existing digital platforms, including ZKB eBanking and ZKB Mobile Banking. According ...
Nigeria's Securities and Exchange Commission (SEC) has officially granted operational approvals to several crypto-focused service operators. In a statement published on Thursday, August 29, the securities regulator announced that it has issued "Approvals-in-Principle" to seven firms: Busha Digital Limited, Quidax Technologies Limited, Trovotech Ltd, Wrapped CBDC Ltd, HousingExhange.NG Ltd, Dream ...
New Zealand's Revenue Minister, Simon Watts, has proposed integrating the OECD's framework for gathering crypto-asset financial information into the national framework. The proposed legislation, which is part of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Bill, seeks to align New Zealand's regulations with the OECD's Crypto-Asset ...
The number of crypto millionaires worldwide has skyrocketed by 95% in the past year, according to a new report from New World Wealth and Henley & Partners. According to the report, crypto wealth has grown substantially, with 325 individuals now recognized as crypto centimillionaires—those holding $100 million or more in ...
Indian authorities have reportedly arrested four individuals accused of running a fraudulent cryptocurrency trading platform that conned victims out of more than $90,000. According to a local media report, the scammers deceived investors by posing as representatives of a fictitious crypto trading platform called GBE Crypto Trading Company. The name ...
Russia's central bank is considering proposing a legal amendment to create a new class of investors labelled "qualified investors," who would be allowed to trade cryptocurrencies. In an interview published today, Monday, August 26, 2024, in the Russian state newspaper Izvestia, Alexey Guznov, the state secretary and deputy governor of ...
Ireland's national police force, An Garda Síochána, has issued a stark warning about the rising tide of cryptocurrency-related investment fraud in the country. According to the Irish Independent, the country's National Police Force claimed that 44% of all recorded investment fraud cases in Ireland between January 2020 and August 2024 ...
Several prominent cryptocurrency organizations, including Joba Network, BaseGPT, and Matrix AI, have strongly supported the crypto community's efforts to ensure that their voices will be heard and felt in the upcoming 2024 US presidential election. Crypto’s voice is being heard loud and clear — Joba Network (@JobaNetwork) August 22, 2024 ...
