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🎉 Mexico🇲🇽: multipurpose banking institution Revolut Bank SA has officially launched operations Paid Members Public
🎉 Mexico🇲🇽: multipurpose banking institution Revolut Bank SA has officially launched operations Revolut Bank SA has officially launched its banking operations in Mexico following an investment of more than USD 100 million by its founders, Nikolay Storonsky and Vladyslav Yakovenko—an amount that doubles the minimum capital requirement under local regulations.
🆘United Kingdom🇬🇧: gambling licence fees may increase by up to 30% Paid Members Public
🆘United Kingdom🇬🇧: gambling licence fees may increase by up to 30% The UK Department for Culture, Media and Sport (DCMS) has announced the launch of a consultation on a potential increase in fees charged to operators. ➡️ In response to questions over the proposal, the regulator cited budgetary constraints, driven by
📢Thailand🇹🇭: the Central Bank plans to tighten rules governing cash withdrawals Paid Members Public
📢Thailand🇹🇭: the Central Bank plans to tighten rules governing cash withdrawals “Who needs 6 million dollars in cash?” — asked the Governor of the Bank of Thailand, when outlining the upcoming regulatory changes. ➡️ Background: a few days ahead of local elections, authorities identified two cash withdrawal transactions totaling USD 12 million.
📢Thailand🇹🇭: the Central Bank plans to tighten rules governing cash withdrawals Paid Members Public
📢Thailand🇹🇭: the Central Bank plans to tighten rules governing cash withdrawals “Who needs 6 million dollars in cash?” — asked the Governor of the Bank of Thailand, when outlining the upcoming regulatory changes. ➡️ Background: a few days ahead of local elections, authorities identified two cash withdrawal transactions totaling USD 12 million.
💣 Crypto exchange Bybit moves toward a neobank model and launches bank accounts for clients Paid Members Public
💣 Crypto exchange Bybit moves toward a neobank model and launches bank accounts for clients This is not a pilot initiative: MyBank accounts will be issued with an international IBAN bank number. 🔣 Accounts will allow users to hold fiat currencies with partner banks, including the Georgian fintech startup Pave Bank🇬🇪. 🔣 Users
🎉 Thailand🇹🇭: local fintech holding SCBX develops a virtual bank with KakaoBank🇰🇷 and WeBank Technology Services🇨🇳 Paid Members Public
🎉 Thailand🇹🇭: local fintech holding SCBX develops a virtual bank with KakaoBank🇰🇷 and WeBank Technology Services🇨🇳 Who is involved in this partnership and how the project will operate❓ Detailed overview ➡️ The virtual bank model, introduced by the Bank of Thailand, allows financial institutions to operate exclusively through digital platforms without physical
👻Greece🇬🇷: cryptocurrency exchange Binance submitted a license application to the local regulator Paid Members Public
👻Greece🇬🇷: cryptocurrency exchange Binance submitted a license application to the local regulator The move is intended to enable the company, once the relevant regulatory framework comes into force (expected later this year), to operate legally across the entire European Union. 🔣 The institution currently engaging with Binance is the Hellenic Capital
👀 India🇮🇳: regulator requires crypto exchanges to discontinue transfers in privacy coins (XMR, ZEC, DASH) and anonymous transactions Paid Members Public
👀 India🇮🇳: regulator requires crypto exchanges to discontinue transfers in privacy coins (XMR, ZEC, DASH) and anonymous transactions Updated guidance from the financial intelligence unit (FIU) states that exchanges and intermediaries should not allow the deposit or withdrawal of tokens designed to conceal the origin of funds, ownership, or transaction volumes.