ChainCatcher news, payment giant PayPal has announced the expansion of its cryptocurrency services, allowing U.S. merchants to conduct on-chain transfers.PayPal's Vice President of Blockchain and Cryptocurrency, Jose Fernandez da Ponte, stated that this move is to meet the growing demand from merchants for cryptocurrency capabilities. The new feature enables merchants to make external cryptocurrency transfers to third-party qualified wallets and to send and receive supported cryptocurrency tokens between external blockchain addresses.

ChainCatcher news, the Boerse Stuttgart Digital, a digital company of the Stuttgart Stock Exchange in Germany, is collaborating with DZ Bank, a central cooperative bank in Germany, to provide secure cryptocurrency trading and storage services for over 700 cooperative banks in Germany. This move marks an important step for Europe towards mainstream cryptocurrency adoption, as banks can now offer regulated cryptocurrency services to retail customers. It is expected that by 2028, 25% of Europeans will invest in cryptocurrencies, and this collaboration will help meet the growing demand for digital assets.

ChainCatcher news, cryptocurrency exchange Coinbase has started offering crypto services in Hawaii. Hawaii residents can use the exchange to stake assets and make international money transfers, as well as buy, sell, and manage their cryptocurrencies on Coinbase.

ChainCatcher news, cryptocurrency-friendly bank Revolut has obtained a banking license in the UK after more than three years of application.Revolut stated that the London-based company has entered the "mobilization phase" of the Prudential Regulation Authority (PRA), which is designed to allow new banks to operate under restrictions. This approval means it is becoming a mature bank in the UK that has also obtained a license to provide cryptocurrency services.It is reported that Revolut has allowed buying and selling of cryptocurrencies for several years and launched a separate cryptocurrency exchange for experienced traders earlier this year.

ChainCatcher news, the latest "List of Virtual Currency Platform Operators that Have Completed Compliance with Anti-Money Laundering Regulations" published on the website of the Financial Supervisory Commission of Taiwan, has appointed Lin Zhi-Chen, the general manager of the major telecommunications company Taiwan Mobile, as the person in charge. "Fu Sheng Digital Co., Ltd.", represented by Taiwan Mobile as the legal entity, has become the 26th VASP (Virtual Asset Service Provider) in Taiwan and has naturally become a member of the VASP association.

ChainCatcher news, according to Bloomberg, Coinbase's Managing Director for the Asia-Pacific region, John O'Loghlen, stated that the company is developing a service specifically targeting the self-managed superannuation industry in Australia.O'Loghlen mentioned that the company does not believe this will affect the popularity of spot ETFs, but rather it will be a continuously rising trend, and there is enough interest for people to enter through self-managed portals.

ChainCatcher news, according to Finance Feeds, alternative investment fund management company Jaltech has received a Crypto Asset Service Provider (CASP) license from the South African Financial Sector Conduct Authority (FSCA). This license will allow Jaltech to provide cryptocurrency investment services to financial advisors as well as institutional and retail investors.ChainCatcher previously reported, according to Bloomberg, that South Africa will issue licenses to about 60 cryptocurrency platforms by the end of March, making it one of the first countries on the African continent to require digital asset trading platforms to obtain operating licenses.

ChainCatcher news, according to City A.M., digital bank Revolut will suspend certain cryptocurrency services for UK businesses starting January 3, 2024. At that time, UK customers will be unable to purchase cryptocurrencies through Revolut Business, while business customers will still be able to hold and sell cryptocurrencies, and retail customers will not be affected.

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange Bitstamp has stated that it is negotiating to help three major European banks start offering cryptocurrency services around the first quarter of next year.Robert Zagotta, the global Chief Business Officer and CEO of the U.S. division at Bitstamp, which is headquartered in Luxembourg, said that the exchange's relatively new Bitstamp-as-a-service product has generated a lot of interest in Europe, aimed at helping banks and fintech companies offer cryptocurrency trading.

ChainCatcher According to DL News, cryptocurrency custody technology provider Fireblocks plans to expand its services to help banks more easily enter the cryptocurrency space. Fireblocks has already begun assisting existing clients such as BNY Mellon and BNP Paribas in providing cryptocurrency services.More and more financial giants are actively exploring cryptocurrencies, and there are signs that cryptocurrencies are emerging from the winter. Fireblocks recently launched new hardware security modules and cloud computing integrations to help banks join the cryptocurrency market.

ChainCatcher news, a Revolut spokesperson responded to "the company will suspend its cryptocurrency services in the U.S." by stating that this decision will not affect Revolut's customers outside the U.S., only impacting less than 1% of the company's cryptocurrency customers globally. All other Revolut customers in different markets can continue to sign up and use the platform's cryptocurrency services.

ChainCatcher news, UK digital bank Revolut announced that due to the constantly changing regulatory environment and uncertainty in the US cryptocurrency market, it will suspend cryptocurrency services in the US starting September 2, 2023. US customers will no longer be able to purchase cryptocurrencies on the Revolut platform. Additionally, Revolut will implement more comprehensive restrictions starting October 3, completely prohibiting US customers from accessing cryptocurrencies through Revolut, and they will no longer be able to buy, sell, or hold any cryptocurrencies.

ChainCatcher news, Israel's only public securities exchange, the Tel Aviv Stock Exchange (TASE), has signed an agreement with the digital asset platform Fireblocks to provide crypto-related services. Fireblocks is a corporate platform dedicated to applying blockchain infrastructure to the issuance and settlement of digital government bonds.

ChainCatcher news, the Financial Services and Markets Authority (FSMA) of Belgium has ordered Binance to immediately cease offering crypto services in Belgium. The FSMA stated that Binance's provision of exchange services between virtual currencies and fiat currencies, as well as custodial wallet services for non-European Economic Area countries, violates the ban.A Binance spokesperson responded that they are reviewing the details of the official notice and will continue to comply with obligations with regulators in Belgium and around the world. (CoinDesk)

ChainCatcher news, cryptocurrency exchange Gemini announced today that Dublin will become its European headquarters.Gillian Lynch, head of Gemini in Ireland and Europe, stated that the choice of Dublin is due to it being "a hub of innovation and technology, with a thriving startup scene and a deep talent pool."It is reported that last July, Gemini became the first virtual asset service provider registered with the Central Bank of Ireland, offering cryptocurrency services to individuals and institutions. (source link)

ChainCatcher news, Swiss PostFinance has partnered with digital asset service provider Sygnum Bank to offer its clients a range of regulated digital asset banking services through Sygnum's B2B banking platform. PostFinance's clients will be able to buy, store, and trade cryptocurrencies such as Bitcoin and Ethereum.It is reported that PostFinance was established in 1906 and is the financial services division of Swiss Post, wholly owned by the Swiss government, and obtained a banking license from the Swiss Financial Market Supervisory Authority (FINMA) in 2013. (source link)

ChainCatcher News: Japanese IT service provider Fujitsu has submitted a trademark application to the United States Patent and Trademark Office, covering several cryptocurrency services. The application specifically mentions "financial management of crypto assets," "financial exchange of crypto assets," and "financial brokerage services for cryptocurrency trading."Previously reported, in February this year, Fujitsu announced the launch of the Web3 development service platform "Fujitsu Web3 Acceleration Platform," providing a development environment, blockchain service application interfaces, and high-computation services for startups, partner companies, and universities building Web3 applications and services. (Source link)

ChainCatcher news, payment giant PayPal has announced that it will expand its cryptocurrency buying, selling, and holding services to Luxembourg in the coming days. Once available, eligible customers will be able to buy, sell, and hold Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in their PayPal accounts through the website or mobile app.It is reported that PayPal's cryptocurrency service was first launched in the United States in 2020 and expanded to the UK in 2021. (source link)

ChainCatcher news, according to CoinDesk, the €9 billion European digital bank N26 will provide trading access to up to 200 cryptocurrencies, including BTC, ETH, ADA, and XRP, for some of its customers through the trading and custody platform of the Austrian cryptocurrency exchange Bitpanda. The bank will initially allow only N26 customers in Austria to access the crypto services, with plans to roll out the service to customers in other markets in the coming months.It is reported that N26's Chief Product Officer Gilles BianRosa stated that the bank offers crypto trading solely as a "wealth-building feature," meaning customers can buy and sell tokens but cannot transfer assets to other digital wallets. (CoinDesk)

Chain Catcher news, the EU has confirmed a comprehensive ban on providing cryptocurrency services to Russians. The European Commission stated in a declaration that by prohibiting all cryptocurrency wallets, accounts, or custodial services, the existing ban on cryptocurrency assets has been strengthened, which may mean that Russians will not be able to hold any assets in EU cryptocurrency wallets.Previously reported, the EU will tighten restrictions on Russian cryptocurrency investments within the EU to respond to the referendums held in the regions of Ukraine occupied by Russia. (Source link)