SEC Proposes Tougher Rules for Crypto Custodians
US Securities and Exchange Commission proposed amendments to the “2009 Custody Rule” that will apply to custodians of “all assets” including cryptocurrencies
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Hala Acquires Paymennt.com
Saudi fintech company Hala announced the purchase of a payment startup from the UAE Paymennt.com.
AdalFi Raises $7.5 Million to Fix Pakistan’s Broken Lending System
Fintech company AdalFi, which is based in Pakistan, announced the attraction of initial financing for 7.5 million dollars.
Binance Expects to Pay Penalties to Settle US Investigations
Binance, the world’s largest crypto exchange, has announced its intention to pay fines for settling investigations into its business in the United States.
Vipps Seeks EU Antitrust Help Against Apple
Norwegian fintech Vipps asked for help from the European Union in an antitrust fight against Apple.
Shift Raises A$27 Million
Shift, a provider of credit and payment platforms for Australian businesses, has attracted investments in the amount of AUD$27 million following the results of the Series C financing round.
Sandbox Banking Secures $4.3 Million in Seed Financing
Sandbox Banking, a fintech company creating a low-coding banking integration platform, has announced the completion of strategic investments led by Horizon Ventures.
Apexx Global to Offer Trustly’s Recurring Payments Method to Merchants
APEXX Global, a platform for organizing payments, announced the beginning of cooperation with Trustly, a global payment platform for digital transactions between accounts (A2A).
Abu Dhabi Launches $2 Billion Program for Web3 and Blockchain Development
The Hub71+ Digital Assets will be an ecosystem promoting the success of blockchain and Web3 startups.
EziPay Joins MFS Africa to Support Remittances Across the Continent
A newly-formed partnership between African digital wallet company EziPay and digital payments gateway MFS Africa will bring last-mile connectivity for remittances across the continent
UK Fintech Investment Declines 56% in 2022
UK, which had managed to maintain robust levels of fintech investments longer than its European counterparts, saw investment numbers sharply fall last year
Starling Launches Saving Product for Business Customers
Starling Bank launches its first savings product for small businesses.
NFT Marketplace Magic Eden Cuts 22 Jobs
The NFT marketplace Magic Eden, which is based in the Philippines, has decided to lay off 22 employees.
Laos Central Bank Launches CBDC Pilot
The Central Bank of Laos has launched testing of the central bank’s digital currency (CBDC), known as DLak or digital Lao kip.
Visa Partners With Tingo Mobile to Expand Digital Payment Channels Across Africa
Visa partnered with local agri-fintech Tingo Mobile to improve access to digital payments and financial services and drive financial inclusion across Africa
Westpac Adds BNPL Functionality to Credit Cards
Westpac is giving credit card owners the opportunity to pay off their bills in four monthly BNPL instalments
