Asia
😱 Cryptocurrency exchange Bithumb🇰🇷 seeks through the courts to recover bitcoins mistakenly credited to users in February Paid Members Public
😱 Cryptocurrency exchange Bithumb🇰🇷 seeks through the courts to recover bitcoins mistakenly credited to users in February The incident, which occurred in February, amounted to USD 43 billion, and the exchange has already filed a lawsuit seeking to freeze assets held by users who refused to return the funds. ⚫️ Background: on
🎉 Saudi Arabia🇸🇦: fintech Lean Technologies becomes the first to receive a licence under the Open Banking program Paid Members Public
🎉 Saudi Arabia🇸🇦: fintech Lean Technologies becomes the first to receive a licence under the Open Banking program This refers to an MPI licence (for major payment institutions), whose issuance marks the transition of open banking from a regulatory sandbox phase to fully licensed activity. ✨ Context: the SAMA open banking program
🎉 Expansion of Wise in the 🇬🇧Asia-Pacific region: Thailand🇹🇭 grants the company 5 licences Paid Members Public
🎉 Expansion of Wise in the 🇬🇧Asia-Pacific region: Thailand🇹🇭 grants the company 5 licences The approvals, issued by the Bank of Thailand and the Ministry of Commerce, cover payment systems, e-money, and foreign exchange services. As a result, Wise becomes one of the first non-bank institutions to obtain this combination of
⚡️Singapore-based cross-border payments network Thunes🇸🇬 will enable stablecoin payouts for 11,500 SWIFT-connected banks Paid Members Public
⚡️Singapore-based cross-border payments network Thunes🇸🇬 will enable stablecoin payouts for 11,500 SWIFT-connected banks The solution, called Pay-to-Stablecoin-Wallets, enables real-time payments to 500 million stablecoin wallets worldwide using the existing SWIFT infrastructure — without requiring additional technical integration. 🔺 Supports USDT and USDC in 140 countries. 🔺 The service is built on its
😱 EU proposes 🇹🇷 Turkey’s accession to SEPA, which already includes 41 countries Paid Members Public
😱 EU proposes 🇹🇷 Turkey’s accession to SEPA, which already includes 41 countries Membership in the Single Euro Payments Area (SEPA) would enable businesses and consumers in Turkey — as well as the Turkish diaspora across Europe — to execute cross-border transfers significantly faster and at costs comparable to domestic payments. 🔹 Note: currently,
💥 Turkey 🇹🇷 extradites to Russia 🇷🇺 a co-founder of the financial pyramid “Finiko”, Irina Volk Paid Members Public
💥 Turkey 🇹🇷 extradites to Russia 🇷🇺 a co-founder of the financial pyramid “Finiko”, Irina Volk Detailed information. ➡️ Background: “Finiko” was presented as an “automated profit generation system” that allegedly operated through trading in cryptocurrencies, foreign exchange, and oil on platforms such as the Moscow Exchange, the Chicago Mercantile Exchange (CME), Forex, and
🎉 USA🇺🇸: in its IPO, Japanese payment system PayPay🇯🇵 raised 880 million USD Paid Members Public
🎉 USA🇺🇸: in its IPO, Japanese payment system PayPay🇯🇵 raised 880 million USD This represents a strong outcome, although below earlier expectations: it was previously reported that the IPO could raise up to 1.1 billion USD. Shares were sold by both the company and its main shareholder — the investment arm
🐘 Indian fintech Pine Labs 🇮🇳 plans to launch a stablecoin-backed prepaid card across 9 markets Paid Members Public
🐘 Indian fintech Pine Labs 🇮🇳 plans to launch a stablecoin-backed prepaid card across 9 markets The rollout is expected by the end of the current year across West Asia, Africa and Southeast Asia. The company has not yet disclosed the specific countries, but they are expected to be markets with favorable