Tag: Blockchaincom

Blockchain.com To Stop Crypto Accounts Of Russians Due To EU Sanctions

In a letter directed towards its users, Blockchain.com, a crypto wallet has mentioned that it shall block accounts of Russian nationals starting October 27, 2022. Blockchain.com will cease to provide this service because of the latest sanctions imposed by the European Union. This change is expected in the next two weeks, as per reports from a local news agency on October 14. The wallet platform provider will, however, continue to allow Russians to withdraw their funds until October 27, 2022. After that given date, there won’t be a chance to…

Blockchain.com closes crypto custody for Russians amid EU sanctions

Crypto wallet provider Blockchain.com is the latest company to soon cease to provide services to Russian nationals due to the latest sanctions by the European Union. Blockchain.com has notified its users that it’s going to shut down accounts of Russian nationals in two weeks, the local news agency RBC reported on Oct. 14. According to the report, Blockchain.com will allow Russian users to withdraw their funds until Oct. 27, 2022. After that date, the accounts of Russian nationals are reportedly going to be blocked. The statement emphasized that Blockchain.com is…

Blockchain.com Gets Green Light to Operate in Singapore

Crypto exchange Blockchain.com has secured regulatory approval from the nation’s central bank. Blockchain.com has been eyeing the Singaporean market because it deems it an attractive location to enhance its institutional clients and team.  The latest approval came a day after that of crypto exchange Coinbase, bringing the number of crypto companies permitted to operate in Singapore to eighteen.  Approximately 180 crypto firms had applied for operating licenses in the nation as of January 2022. Per the report: “Singapore’s welcoming approach has helped the financial hub attract digital asset services-related…

Blockchain.com gets regulatory nod from Singapore’s central bank

Blockchain.com becomes the second crypto exchange in two days to receive preliminary approval to provide crypto services within the growing crypto hub. Crypto exchange Blockchain.com has become the latest crypto company to secure preliminary approval from Singapore’s central bank to provide Digital Payment Token services in the city-state. Blockchain.com’s regulatory approval follows hot on the heels of Coinbase, which revealed it had received the same “in-principle” approval from the Monetary Authority of Singapore (MAS) on Oct. 11. If officially approved, Blockchain.com would join the likes of already licensed companies forDigital Payment…

Blockchain.com granted in-principle approval for Singapore license

Cryptocurrency exchange Blockchain.com has received in-principle approval from the Monetary Authority of Singapore (MAS) for a license to offer “digital payment token” services in the city-state.  See related article: Singapore’s MAS says needs to do better job explaining crypto policy Fast facts Singapore-based crypto exchanges Coinhako and Tokenize Xchange have previously stated that they are looking to shift their retail-dominated services to target institutional clients.  While MAS has recently been accelerating approvals for crypto service providers, the world’s largest crypto exchange, Binance, withdrew…

Blockchain.com Lists TRX in Its Wallet and Exchange

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September 13, 2022 – Geneva, Switzerland Blockchain.com has listed TRON’s native utility token TRX on its platform. Multiple incentive programs will be featured, including one that allows users to earn up to eight percent in annual rewards for users who hold their TRX in a Blockchain.com rewards account. TRX is available to send, receive, buy, sell, swap and earn rewards in the Blockchain.com wallet and to deposit, trade and withdraw on the Blockchain.com exchange, making TRX more accessible for people to use worldwide. With this addition, Blockchain.com is striving to…

Blockchain.com Wins Approval From Dubai Regulatory Authority VARA

Notably, Gulf countries have joined the list of crypto-favored regimes. And Dubai appeared as a leading crypto hub currently working on multiple projects to support the blockchain infrastructure and web 3 technology. As a result of which, it attracted many crypto companies worldwide to join the emerging market.  Similarly, blockchain.com, a cryptocurrency exchange and financial service provider for retail and institutional businesses, won a provisional regulatory license from Dubai’s Virtual Asset Regulatory Authority (VARA) on Friday to set up an office in the Gulf’s center of crypto. Related Reading: Ford…

Blockchain.com Gets Regulatory Approval to Operate Crypto Exchange in Dubai

London-based crypto firm Blockchain.com announced Friday that it has received regulatory approval to operate its exchange in Dubai, a city in the United Arab Emirates (UAE). Following the approval, the U.K.-based firm said it has signed an agreement with VARA to allow Blockchain.com to open an office in Dubai, believing it will soon begin offering regulated crypto derivatives products to institutional investors in Dubai. Amongst its plans is to offer transaction and custodial services to retail users in the UAE. This development from Blockchain.com comes at a time when more…

Dubai grants regulatory approval for Blockchain.com office: Report

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Blockchain wallet and cryptocurrency exchange platform Blockchain.com has reportedly secured regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA. According to a Friday report from Reuters, VARA signed an agreement which will allow Blockchain.com to open an office in Dubai. The crypto firm currently operates several offices in North America, Europe, South America, and Singapore. Great work by the team here – Dubai ✅✅https://t.co/8nQm8w8y3g — Peter Smith (@OneMorePeter) September 9, 2022 Since Dubai’s prime minister and ruler Sheikh Mohammed bin Rashid Al Maktoum announced the establishment of the crypto…