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⛔️ Kyrgyzstan🇰🇬: MBank suspends transfers through Russian banks🇷🇺 Paid Members Public
⛔️ Kyrgyzstan🇰🇬: MBank suspends transfers through Russian banks🇷🇺 Starting August 16, MBank (also known as "Bank Kyrgyzstan") will no longer permit money transfers through Russian banks, including Sber, Tinkoff, and MTS. These restrictions apply in both directions. 🔣What Happened ⁉️ — In June, MBank, along with other commercial banks, had already
⚡️ The Central Bank of the Philippines (BSP)🇵🇭 announces the lifting of the moratorium on issuing new licenses for digital banking Paid Members Public
⚡️ The Central Bank of the Philippines (BSP)🇵🇭 announces the lifting of the moratorium on issuing new licenses for digital banking Starting January 1, 2025, up to 10 digital banks will be allowed to operate in the country. ➖ Previously, the BSP had capped the number of licenses at 6 and, in
📱 France🇫🇷 begins issuing licenses to crypto service providers Paid Members Public
📱 France🇫🇷 begins issuing licenses to crypto service providers France has become the first major EU economy to open applications for integration under the MiCA framework. According to this new regulatory regime, companies must secure a license by July 2025. 🆎 Additional provisions regarding crypto markets (including custody and management of crypto
🐘 Kenya🇰🇪: Banks to begin tracking large transactions Paid Members Public
🐘 Kenya🇰🇪: Banks to begin tracking large transactions NCBA, Kenya's 4th largest commercial bank, informed its customers on August 7th about new measures focusing on transactions exceeding 1 million KES (7,751 USD). 🔠 Kenyan banks will need to implement PoP codes for Real-Time Gross Settlement (RTGS) transactions, enabling customers
⛔️ Chinese conglomerate Tencent🇨🇳 suspends WeChat Pay operations in Malaysia🇲🇾 Paid Members Public
⛔️ Chinese conglomerate Tencent🇨🇳 suspends WeChat Pay operations in Malaysia🇲🇾 The company is adjusting its business strategy in Malaysia, focusing on cross-border payments in yuan. ➡️ WeChat Pay Malaysia stopped accepting new e-wallet registrations on August 1st and will cease offering local payment services starting September 1st of this year. ➡️ Why❓— The
😱 Belgium 🇧🇪: Raising the Legal Age for Sports Betting Sparks Industry Debate Paid Members Public
😱 Belgium 🇧🇪: Raising the Legal Age for Sports Betting Sparks Industry Debate The proposal is to raise the age limit from 18 to 21 years... This move positions Belgium ahead of the rest of Europe, where in neighboring countries, 18+ citizens can already engage in gambling. 🔣 Within the industry, some argue
👺 Russia🇷🇺: The Central Bank revoked the banking license of “American Express Bank” Paid Members Public
👺 Russia🇷🇺: The Central Bank revoked the banking license of “American Express Bank” In Russia's banking system, it held the respectable position of number 300. 🆎 How did it happen?: In March 2022, the company stopped cooperating with Russian banks that were included in the sanctions lists, and later ceased
👁 Protection of Crypto Assets: The Best Crypto Wallets of the Year According to payspacemagazine.com Paid Members Public
👁 Protection of Crypto Assets: The Best Crypto Wallets of the Year According to payspacemagazine.com The team at PaySpace Magazine has compiled a review featuring 9 standout options. ➡️ The Ledger Nano X Hardware Wallet: Pros: ◦ High security; ◦ Supports over 1800 cryptocurrencies; ◦ Bluetooth connection — wireless transactions via mobile devices. Cons: ◦ Relatively