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In A First, Flipkart Secures Approval For Direct Lending In India: Report
Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.
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Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
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X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
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Hong Kong-Based HashKey Obtains VASP Licence in Ireland to Comply With EU's AMLD5
The Central Bank of Ireland has granted the licence of a Virtual Asset Service Provider (VASP) to the HashKey exchange, giving it legal permissions to offer a variety of crypto-related services in the country.
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RBI Cancels Licence Of Urban Co-op Bank In UP Over Inadequate Funds
The RBI on Thursday cancelled the licence of Urban Co-operative Bank Limited, Sitapur, Uttar Pradesh as the lender does not have adequate capital and earning prospects.
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RBI Cancels License Of Nashik Zilla Girna Sahakari Bank
Reserve Bank on Tuesday cancelled the banking licence of Nashik Zilla Girna Sahakari Bank Limited as the Nashik-based lender does not have adequate capital and earning prospects.
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Binance Gets Fully Licenced in Pro-Bitcoin El Salvador Amid Tussle with US SEC
Binance is now a fully licenced crypto exchange in El Salvador. The licences were approved by the Salvadoran Central Reserve Bank and the National Commission of Digital Assets. With this, Binance will be able to offer Salvadoran residents with an array of crypto services, which the other exchanges operating there do not offer for now.
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Paytm Wins RBI Extension for Payment Aggregator Licence Application: Details
Paytm on Sunday said it had received an extension from the country's banking regulator to apply for a payment aggregator licence. The RBI had declined a payment aggregator licence for the firm in November. Paytm said it aims to reapply for a payment aggregator licence in 15 about days.
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FTX Crisis Explains Need to Bring Crypto World Within Regulatory Framework: Bank of England
FTX implosion has explained the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said on Monday. He added that FTX's woes highlighted the need for regulators to put in place tighter controls as quickly as possible. Currently, crypto firms in Britain only have to show they can put in place ...
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Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
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US Crypto Giant Coinbase Gets Licence To Operate In Singapore
Coinbase, the largest crypto exchange in the United States, said it has received approval from Singapore's central bank to offer payment services in the city-state.
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Maharashtra Co-Op Bank Licence Cancelled, People Can Claim Up To 5 Lakhs
The Reserve Bank of India (RBI) today has cancelled the licence of Maharashtra's Laxmi Co-operative Bank Limited, saying that the Solapur-based lender does not have adequate capital and earning prospects and and it does not comply with regulations.
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Ex Flipkart Chairman's Firm Among 6 Bank Licence Bids Rejected By RBI
The Reserve Bank has rejected six applications for setting up banks, including for small finance banks, as these were "not found" suitable, the central bank said on Tuesday.
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Cuba’s Central Bank to Issue Yearly Licences to Virtual Assets Service Providers
Cuba has decided to allow crypto businesses to operate on the island, but only after receiving a licence. This will be provided by the Central Bank of Cuba and will have to be renewed on a yearly basis. The rule will come into effect approximately in 20 days.
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Binance Gets Its First Gulf Crypto Licence in Bahrain
Binance, the world’s biggest crypto exchange, has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday.
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In A First, Flipkart Secures Approval For Direct Lending In India: Report
Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.
-
Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
-
X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
-
Hong Kong-Based HashKey Obtains VASP Licence in Ireland to Comply With EU's AMLD5
The Central Bank of Ireland has granted the licence of a Virtual Asset Service Provider (VASP) to the HashKey exchange, giving it legal permissions to offer a variety of crypto-related services in the country.
-
RBI Cancels Licence Of Urban Co-op Bank In UP Over Inadequate Funds
The RBI on Thursday cancelled the licence of Urban Co-operative Bank Limited, Sitapur, Uttar Pradesh as the lender does not have adequate capital and earning prospects.
-
RBI Cancels License Of Nashik Zilla Girna Sahakari Bank
Reserve Bank on Tuesday cancelled the banking licence of Nashik Zilla Girna Sahakari Bank Limited as the Nashik-based lender does not have adequate capital and earning prospects.
-
Binance Gets Fully Licenced in Pro-Bitcoin El Salvador Amid Tussle with US SEC
Binance is now a fully licenced crypto exchange in El Salvador. The licences were approved by the Salvadoran Central Reserve Bank and the National Commission of Digital Assets. With this, Binance will be able to offer Salvadoran residents with an array of crypto services, which the other exchanges operating there do not offer for now.
-
Paytm Wins RBI Extension for Payment Aggregator Licence Application: Details
Paytm on Sunday said it had received an extension from the country's banking regulator to apply for a payment aggregator licence. The RBI had declined a payment aggregator licence for the firm in November. Paytm said it aims to reapply for a payment aggregator licence in 15 about days.
-
FTX Crisis Explains Need to Bring Crypto World Within Regulatory Framework: Bank of England
FTX implosion has explained the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said on Monday. He added that FTX's woes highlighted the need for regulators to put in place tighter controls as quickly as possible. Currently, crypto firms in Britain only have to show they can put in place ...
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Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
-
US Crypto Giant Coinbase Gets Licence To Operate In Singapore
Coinbase, the largest crypto exchange in the United States, said it has received approval from Singapore's central bank to offer payment services in the city-state.
-
Maharashtra Co-Op Bank Licence Cancelled, People Can Claim Up To 5 Lakhs
The Reserve Bank of India (RBI) today has cancelled the licence of Maharashtra's Laxmi Co-operative Bank Limited, saying that the Solapur-based lender does not have adequate capital and earning prospects and and it does not comply with regulations.
-
Ex Flipkart Chairman's Firm Among 6 Bank Licence Bids Rejected By RBI
The Reserve Bank has rejected six applications for setting up banks, including for small finance banks, as these were "not found" suitable, the central bank said on Tuesday.
-
Cuba’s Central Bank to Issue Yearly Licences to Virtual Assets Service Providers
Cuba has decided to allow crypto businesses to operate on the island, but only after receiving a licence. This will be provided by the Central Bank of Cuba and will have to be renewed on a yearly basis. The rule will come into effect approximately in 20 days.
-
Binance Gets Its First Gulf Crypto Licence in Bahrain
Binance, the world’s biggest crypto exchange, has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday.
