Cryptocurrency

Binance removes Singapore products on platform after regulator

HONG KONG (Reuters) – Binance, one of the world’s largest cryptocurrency exchanges, said it will restrict its services in Singapore days after the city state’s central bank said it should stop offering payment services. Binance will stop offering Singapore dollar payment options and Singapore dollar trading pairs from Sep. 10 and remove the app from…

US SEC charges BitConnect founder Satish Kumbhani with $2 bn cryp

By Jonathan Stempel NEW YORK (Reuters) -The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from thousands of retail investors. Expanding a civil case announced in May, the U.S. Securities and Exchange Commission charged BitConnect founder Satish…

PayPal Holdings launches crypto buying and selling in the UK

PayPal Holdings will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday. The roll-out, which marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class. With over 403…

Binance tightens anti-money laundering checks after regulatory pr

By Krisztian Sandor and Tom Wilson FRANKFURT (Reuters) -Major cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect. Binance, the world’s biggest platform, has been under pressure in recent months from regulators across the world, who are concerned over the potential…

Vietnam, India top measure of cryptocurrency adoption by individu

Global cryptocurrency adoption among individual investors has surged in the past year, according to crypto-analysis firm Chainalysis. Using factors like peer-to-peer exchange trading volume and value received, Chainalysis said global crypto adoption rose some 881% in the past 12 months. The firm sees institutional markets as crucial but aimed to highlight the countries with the…