Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding

June 28, 2024 Bitcoin.com

Egyptian Fintech Startup Connect Money Secures Million Seed Funding

Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates Investors’ Confidence in Connect Money Egyptian banking-as-a-service fintech startup Connect Money recently closed […]

German watchdog orders Worldcoin to delete non-compliant data

Swiss regulator forces crypto-friendly FlowBank into bankruptcy

June 14, 2024 Coin Telegraph

banking services

The Swiss-based bank had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and reportedly Binance.

FlowBank, an online Swiss bank that offered cryptocurrency trading services, has been shut down and forced into bankruptcy after the Swiss financial regulator found it “seriously breached” standards required for it to operate as a bank.

“This measure became necessary as the bank no longer has the minimum capital required for its business operations,” the Swiss Financial Market Supervisory Authority said in a June 13 statement.

There’s “no prospect of a restructuring,” and there are “fears that the bank is over-indebted,” FINMA added.

German watchdog orders Worldcoin to delete non-compliant data

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

April 15, 2023 Bitcoin.com

accounts

ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first […]

German watchdog orders Worldcoin to delete non-compliant data

Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US

March 17, 2023 Bitcoin.com

anti-crypto message

On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent instability” in the U.S. banking industry to “purge legal crypto activity” from the United States. Specifically, Emmer asked Gruenberg if […]

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