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Andreesen Horowitz-backed Deel launches crypto payroll tool

“A payroll platform which has drawn in $44 million in venture capital funding during the pandemic has unveiled a new tool to allow remote workers to be paid in cryptocurrency.Deel, which supports remote workforces with payroll and compliance, says the new tool will enable international workers to be paid in bitcoin, ether, or XRP — […]
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$10 billion crypto firm Ripple considers relocating to London over U.S. regulation

“Ripple, the $10 billion financial technology company best known for cryptocurrency XRP, is considering relocating its headquarters overseas due to frustration with the U.S. regulatory environment. The San Francisco-based firm’s CEO Brad Garlinghouse, who says he visited London only last month, told CNBC that U.K. markets watchdog the Financial Conduct Authority doesn’t deem XRP a […]


PayPal in Talks to Buy Crypto Firms Including BitGo

“PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc. , according to people familiar with the matter, a move that would expand its embrace of digital coins. PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the […]
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BitMEX Founders Charged With Failing to Prevent Laundering

“Founders of the pioneering crypto-derivatives exchange BitMEX were charged with skirting U.S. laws preventing money laundering and hit with civil sanctions as well, abruptly sending the price of Bitcoin down.    Arthur Hayes, Benjamin Delo and Samuel Reed were indicted in New York, where federal prosecutors claim the digital-asset exchange served American customers while flouting […]


FinCEN Director Warns Banks About Cryptocurrency Risk Exposure

“The U.S. Financial Crimes Enforcement Network ( FinCEN ) director Kenneth Blanco has warned banks to think seriously about their cryptocurrency risk exposure. During the virtual 2020 ACAMS anti-money laundering Conference in Las Vegas this week, Blanco discussed the obligations of banks in implementing effective anti-money laundering ( AML ) policies.”

On The Wires



Ternio Joins Visa’s Fast Track Program as New Enablement Partner

“The global fintech platform Ternio, announced today that it has joined Visa’s Fast Track program as a cryptocurrency focused enablement partner. By becoming part of Visa’s Fast Track program, Ternio will be able to make it quicker and easier for fintechs to leverage Visa’s global payments network and introduce new crypto-friendly payment experiences. Ternio’s existing […]