Crypto-based Avanti hauls in $37m to launch a digital asset bank
Digital asset bank Avanti Financial Group completed its Series A funding round with $37m, bringing its total raised capital since inception to $44m.
FCA warns cryptocurrency companies are failing to meet UK AML requirements
The Financial Conduct Authority (FCA) has said a ‘significantly high’ amount of cryptocurrency firms are not meeting UK requirements on money laundering prevention.
Coinbase set to purchase currency overview solution Zabo
American cryptocurrency exchange firm Coinbase has revealed it is preparing to acquire digital currency overview tool Zabo for an undisclosed fee.
Okcoin locks in $1m commitment to boost cryptocurrency inclusivity
US cryptocurrency platform Okcoin has committed $1m to increasing diversity and inclusivity in the crypto space.
European Parliament postpones crypto regulation vote amid backlash
The European Parliament has postponed a vote on crypto asset regulation after a leaked draft included a provision that sought to ban cryptocurrencies.
Central African Republic joins El Savador in making Bitcoin legal tender
The Central African Republic has become the second country globally to adopt Bitcoin as an official currency following El Salvador’s introduction last year.
EBA warns drain of talent will impact regulation of crypto
A chair of the European Banking Authority (EBA) has said European regulators are facing challenges in finding talent to help regulate the cryptocurrency industry.
Centrifuge raises funds to bring real-world assets to crypto
Centrifuge, which claims to be the first DeFi protocol to finance real-world assets (RWAs) on the blockchain, has closed a $4m funding round.
Turkish central bank concludes first CBDC test transactions
The Central Bank of the Republic of Türkiye (CBRT) has run its first test transactions on the digital Turkish Lira CBDC network.
Crypto tax declarations startup Divly bags $400k
Divly, a FinTech helping simplify tax declarations for the crypto market, has raised $400,000 in a new fundraise.
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