XRP is now on the verge of being integrated into the backing of USDe, the $11.8-billion stablecoin issued by Ethena Labs. The company’s risk committee recently confirmed that XRP has…
B2C2, the crypto market maker owned by Japanese conglomerate SBI, is expanding its presence in Southeast Asia and has appointed Laura Teo as Singapore Country Head and Head of Sales,…
Hirose Financial, which offers forex and contracts for differences (CFDs) trading services, has suspended onboarding new retail traders under its United Kingdom and Labuan-regulated entities, FinanceMagnates.com has learned. However, the…
The Compliance Report for August 2025 by Finance Magnates Intelligence has been released, providing essential updates on key changes that impact how financial firms operate and onboard clients.Key Topics Covered…
Exness halts new registrations in India We begin this week’s recap with a significant development from
Exness. The retail broker stopped accepting new client registrations in India. The change, implemented quietly…
FMAS:25 | Siju Daniel, ATFX | African Traders Shifting Beyond Forex into Equities, Crypto & Indices
FMAS:25 | Siju Daniel, ATFX |…
The Cyprus Securities and Exchange Commission (CySEC) issued
a circular on July 9, 2025, updating the requirements for verifying customer
identities under the country’s anti-money laundering law. The circular applies
to all entities…
Payment service providers (PSPs) are accelerating the
adoption of AI-powered onboarding systems in response to increasing regulatory
pressure and rising fraud risks. Speaking during a panel on payments and regulation,
Anthony Migui Njagi,…
Consensys, the Ethereum infrastructure company behind the popular MetaMask wallet, said it has acquired Web3Auth, a provider of wallet infrastructure, in a move aimed at improving usability and developer accessibility…
Decentralized finance (DeFi) platforms have a major cost advantage over traditional banks when it comes to onboarding new users, according to Anton Bukov, co-founder of decentralized exchange (DEX) 1inch.Speaking at…