India freezes assets of Binance-owned local unit WazirX

Representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterMUMBAI, Aug 5 (Reuters) - India’s financial crime-fighting agency said on Friday that it has frozen the assets of WazirX, owned by the world's largest digital currency exchange Binance, as part...

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Crypto winter may temper fintech earnings

Representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 3 (Reuters) - Wall Street has lowered earnings expectations for once high-flying fintechs Coinbase (COIN.O) and Block (SQ.N), as a chill in the cryptocurrency market adds more pain to the...

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Crypto assets need new rights in law, UK legal body says

A stock graph is seen with a representation of bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterLONDON, July 28 (Reuters) - Britain should create a new category of private property law for digital assets like cryptocurrencies which are...

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U.S. consumer watchdog to scrutinize crypto payments, Big Tech moves into finance -director

WASHINGTON, July 27 (Reuters) - The top U.S. consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector, its director told Reuters.The Consumer Financial Protection Bureau (CFPB) also will publish a report...

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Crypto exchange Coinbase faces SEC probe over securities, Bloomberg reports

A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/Register now for FREE unlimited access to Reuters.comRegisterJuly 25 (Reuters) - The U.S. Securities and Exchange Commission (SEC) is investigating whether Coinbase Global Inc (COIN.O) improperly let Americans trade digital...

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Mexican crypto exchange Bitso reaches more than 1 mln users in Brazil

Representations of Bitcoin cryptocurrency are seen over Brazilian Real notes in this illustration picture taken May 25, 2021. REUTERS/Ricardo Moraes/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterSAO PAULO, July 25 (Reuters) - Mexican cryptocurrency exchange Bitso has hit the one million users mark in Brazil about a year after it...

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Britain’s asset managers call for blockchain funds regime

Photo for illustration. A man is silhouetted in an electronic board showing the FTSE MIB Index for the Italian equity market in this photo illustration taken in Rome August 9, 2011. REUTERS/Tony Gentile./File PhotoRegister now for FREE unlimited access to Reuters.comRegisterLONDON, July 7 (Reuters) - Britain's Investment Association...

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Explainer: The world of crypto lending

A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterLONDON, June 13 (Reuters) - Major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers on Monday, citing "extreme" market conditions, sparking a sell-off across crypto markets. read more...

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Crypto’s latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) - For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings - and earn some spending money from its double-digit interest rates along the way."I was probably earning $100 a week," at sites like Celsius, said Fong, a 29-year...

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Global crypto rules needed to keep markets clean, says UK watchdog

A representation of cryptocurrency is seen in front of Binance logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/Register now for FREE unlimited access to Reuters.comRegisterLONDON, July 14 (Reuters) - Global rules are needed to regulate international crypto firms like Binance and "keep markets clean", Britain's Financial Conduct Authority...

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