Markets

Markets

Swiss gambling regulator reports FIFA NFT platform

The Swiss gaming regulator Gespa has filed a criminal complaint against FIFA's NFT platform. According to a statement published on October 17, suspicions have been confirmed that “unlicensed gambling services” are being operated “in connection with the blockchain-based platform FIFA Collect,”…

Sony applies for crypto banking license

Japanese technology giant Sony is preparing to enter the crypto market. Through its subsidiary Sony Bank, the company has applied for a national banking license from the Japanese Financial Services Agency (FSA), as Decrypt reports. This license would allow Sony to…

Money laundering? French authorities monitor Binance

France is targeting crypto companies. According to information obtained by Bloomberg, the French banking regulator ACPR is currently inspecting dozens of crypto exchanges, including Binance and Coinhouse, for possible violations of money laundering and terrorist financing regulations. The audits are intended…

After stablecoin glitch: PayPal shares collapse

PayPal is constantly in the headlines. Following yesterday's revelation that stablecoin issuer Paxos accidentally minted $300 trillion worth of PYUSD, the payment service provider is also apparently experiencing a massive outage. According to various media outlets, around 40,000 users reported PayPal…

Ripple: Absa Bank becomes first partner in Africa

Ripple announces a partnership with South Africa's Absa Bank. The Johannesburg-based financial institution will use Ripple technology to custody digital assets. According to the announcement, the collaboration includes the provision of institutional custody infrastructure for tokenized assets, including cryptocurrencies. Absa, one…