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Tag Archives: Deposits

Crypto Startups Can Handle up to $100M Deposits

Economy & Regulation Crypto-asset companies can now apply for licenses to handle as much as 100 million Swiss francs ($100 million) in public deposits under new regulations published on Dec. 3 by Switzerland’s Financial Market Supervisory Authority (Finma). The development underscores the European country’s efforts to promote technological innovation, as in the …

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Swiss FinTech License Allows Public Deposits of Up to 100m Francs for Blockchain Startups

The Swiss financial watchdog has published the guidelines for the FinTech license which allows companies to receive public deposits of up to 100 million Swiss Francs. The revised Banking Act, designed to promote innovation, has also opened doors to crowd-lending businesses within the regulatory sandbox. Swiss Regulator Announces License With Relaxed …

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The Rumors of “Insolvency”, Banking Partners’ Escape, and the Suspension of Fiat Deposits

On October eight, Hong-Kong-based alternate Bitfinex has announced that it isn’t underneath the speedy risk of insolvency and the comparable rumors are unsubstantiated, in addition to false. According to the corporate’s press release, all cryptocurrency and fiat withdrawals are and had been processing as standard with out the slightest interference. …

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Third Largest Crypto Exchange Huobi Opens Deposits for New ‘Stablecoin Solution’ HUSD

Singapore-headquartered cryptocurrency exchange Huobi introduced the advent of what it calls a “stablecoin resolution” in a blog post Friday, Oct. 19. Set to move reside from Friday, the challenge, referred to as HUSD, will encompass Huobi’s personal stablecoin asset which traders can use as an go-between to have interaction with …

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Bitfinex Reopens Deposits but Stays Silent About Bank Arrangements

Cryptocurrency change Bitfinex showed it has reopened fiat forex deposits for all customers October 16th, whilst closing secretive about adjustments in its banking relationships. ‘New, Improved And Increasingly Resilient’ In a blog post, the change, which on Thursday started limiting deposits for sure customers, stated it had completed enforcing what …

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BREAKING: Bitfinex Reportedly Halts Fiat Deposits

Bitfinex, the arena’s fourth-largest cryptocurrency change by the use of buying and selling quantity, has purportedly halted fiat deposits quickly. EUR, USD, JPY, GBP Wire Deposits Temporarily Halted Screenshots of purchaser accounts began circulating on social media moments in the past, suggesting that the British Virgin Islands-based and Hong-Kong-operated cryptocurrency …

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