ChainCatcher news, cryptocurrency payment solution provider Alchemy Pay officially announced that it has obtained a Money Transmitter License (MTL) issued by the Arizona Department of Insurance and Financial Institutions. As of now, Alchemy Pay holds remittance licenses in nine states in the United States. In addition to Arizona, these include Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, and Wyoming.

ChainCatcher news, according to the official announcement, Binance has announced that to comply with EU regulatory requirements, it will adjust the cryptocurrency deposit and withdrawal processes for users in Poland and Belgium starting from January 20, 2025.The new regulations require that deposit transactions exceeding €1,000 (or equivalent currency) must provide sender information, and withdrawals of any amount must provide recipient information, including full name, country, and exchange name (if applicable). If users fail to provide the relevant information, transactions may be delayed or returned.

ChainCatcher news, according to Cointelegraph, the United Arab Emirates' amendment to the value-added tax (VAT) regulations will exempt the transfer and conversion of virtual assets (including cryptocurrencies).PwC stated that the new regulations include VAT exemptions for additional services, including managing investment funds and transferring and converting virtual assets.

ChainCatcher news, according to Crowdfundinsider, Brazilian digital bank Nubank has launched a cryptocurrency transfer feature. Customers can now "send and receive crypto assets through their wallet."It is reported that this feature will gradually be available for Bitcoin, Ethereum, and Solana networks.

ChainCatcher news, the Financial Services Agency (FSA) of Japan encourages financial institutions in the country to strengthen monitoring of "illegal" transfers to cryptocurrency exchange providers. An analysis by the National Police Agency concluded that the damage caused by fraud related to illegal remittances is primarily due to transfers made using cryptocurrencies.The FSA encourages financial institutions to further enhance user protection based on risk and suggests that "if the sender's name differs from the account name, financial institutions should stop transferring to cryptocurrency exchange service providers."

ChainCatcher News, the state of Hawaii in the United States has announced that cryptocurrency companies no longer need to obtain a money transmitter license issued by Hawaii to operate in the state, shifting its regulatory stance from strict to lenient. Hawaii regulators believe that cryptocurrency exchanges fall under their regulatory scope and require these exchanges to maintain cash reserves equivalent to their digital assets. To address this issue, Hawaii has partnered with the Hawaii Technology Development Corporation to establish a Digital Currency Innovation Lab, allowing exchanges to temporarily provide services to customers in the state without the fear of regulatory action.It is reported that Hawaii had previously launched a Digital Currency Innovation Lab (DCIL), but the program faced multiple delays due to the state legislature's failure to establish a clear regulatory framework. Ultimately, Hawaii decided to discontinue the program and leave the regulation of the digital currency sector to the federal government. The Department of Financial Institutions (DFI) of Hawaii and the Hawaii Technology Development Corporation (HTDC) jointly announced that this decision was made to balance innovation and regulatory responsibilities.

ChainCatcher news, according to Watcher.Guru's disclosure on social media X, X has obtained a money transmission license for payment services in Nevada.Previously, according to the NMLS website, the social media platform X (formerly Twitter) obtained a money transmission license in Rhode Island on August 28. This license will allow X to provide virtual asset-related services for its large user base, such as storing, transferring, and trading digital assets.

ChainCatcher news, according to Fortune magazine, the cryptocurrency transfer and payment service startup Mesh has received a $5 million investment in PYUSD stablecoin from PayPal. In addition to PYUSD, PayPal Ventures has also added a $1.5 million cash investment.According to market data from RootData, the cryptocurrency transfer and payment service startup Mesh (formerly known as Front Finance) completed a $22 million Series A funding round last September, led by Money Forward, with participation from Galaxy, Samsung Next, Streamlined Ventures, SNR.VC, Hike VC, Heitner Group, Valon Capital, Florida Funders, Altair Capital, Network VC, and several angel investors.

According to ChainCatcher news, Twitter user @ai_9684xtpa monitored that two hours ago, Sun Yuchen transferred 500 ETH to a multi-signature address starting with 0x290, worth 1.3 million dollars. Previously, Sun Yuchen had transferred a total of 10,000 ETH, 200,000 USDC, 1,000,000 USDT, and 400,000 ZRX to that address, with a total value of 24.24 million dollars.

ChainCatcher news, according to Cointelegraph, the new cryptocurrency travel rules in the UK came into effect on September 1 and now support the withholding of certain cryptocurrency transfers.This new "travel rule" was introduced by the UK's Financial Conduct Authority on August 17 and requires that VASPs headquartered in the UK "collect, verify, and share information related to cryptocurrency transfers." If a VASP receives incoming payments from individuals or entities in jurisdictions that have never implemented the travel rule, it must conduct a "risk-based assessment" on "whether to provide the cryptocurrency to the beneficiary."The travel rule was established by the Financial Action Task Force, a UN agency, in June 2019, and the UK began enforcing the travel rule through legislation in July 2022, aimed at preventing money laundering and terrorist financing activities conducted on-chain.

ChainCatcher news, Bitfinex and Tether's Chief Technology Officer Paolo Ardoino recently stated in an interview with CoinTelegraph Italia, "The financial world created by Bitcoin is not limited to transactions on the blockchain; Bitcoin is the freest currency transmission tool ever. Bitcoin is a perfect system: it is decentralized, unstoppable, and secure."Regarding how the recently popular BRC-20 will affect the Bitcoin network, Paolo Ardoino said, "In fact, from a security perspective, the concepts of BRC-20 and Ordinals do not render Bitcoin obsolete. Clearly, the issue we have encountered recently is that gas fees for all Bitcoin users are increasing: everyone who needs to conduct 'normal' transactions and make payments has found their transaction costs rising.However, we cannot control how Bitcoin is used, nor can we make 'right' and 'wrong' judgments. If a feature exists, then users have the right to use it. Bitcoin will always remain secure; it is the safest solution available to us—and thanks to solutions like the Lightning Network, it still has scalability. Recent events indicate that many trading platforms have not implemented Bitcoin's scalability solutions over the past four years." (Source link)

ChainCatcher news, according to The Block, after nearly a year of allowing its users to make cryptocurrency transfers, PayPal will launch a similar feature for over 60 million Venmo customers in the United States. The company stated in a press release that starting next month, Venmo customers will be able to transfer to PayPal accounts as well as to external wallets and exchanges.In June last year, PayPal began allowing users to send Bitcoin, Ethereum, Bitcoin Cash, and Litecoin to external wallets. PayPal acquired Venmo in 2013. According to PayPal's recent financial report, Venmo processed $245.3 billion in fiat transactions in 2022.Additionally, a recent survey by the Pew Research Center found that 17% of Americans have invested in or traded cryptocurrency. (source link)

ChainCatcher message, according to PeckShield's warning, $13 million worth of cryptocurrency has been transferred to Alameda's consolidation address, including 6 million USDT and 1,545 ETH (approximately $2.5 million) transferred from Bitfinex, as well as 4.6 million USDC transferred from the 0x7889 address. (source link)

ChainCatcher news, FTX founder SBF posted on Twitter today that FTX and FTX US have supported cryptocurrency (or USD) transfers using email or phone numbers. (Source link)