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Former Mastercard CEO Gilles Novel joins mx51

Former Mastercard CEO and payments industry veteran Gilles Novel has joined mx51 as the company’s new director of product. Novel brings more than two decades of experience in the payments industry to this role, most recently serving as Vice President/Head of Acceptance at Mastercard. Prior to that, Novel held senior payments roles at Verifone, Optus …

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The first UK crypto regulation to set ‘robust’ standards

LONDON, Jan 31 (Reuters) – Britain’s Treasury is planning “tough” regulations for crypto assets, following the collapse of crypto exchange FTX last year, which left millions nursing billions of dollars in losses. Crypto is currently unregulated globally, and companies only have to carry out checks to prevent money laundering. However, the UK’s Financial Conduct Authority …

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Crypto lender Celsius backed its token, benefiting insiders – the US bankruptcy examiner

SINGAPORE/LONDON, Jan 31 (Reuters) – Bankrupt crypto lender Celsius Network used investor money and customer deposits to back its own token, inflating its balance sheet while two of its founders cashed in millions, a report issued by a U.S. court investigator said. . Tuesday showed. Crypto lenders like Celsius have boomed during the COVID-19 pandemic, …

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Bank regulators issue a joint statement on the safety and reliability of crypto activities – Fin Tech

To print this article, all you need to do is register or log in to Mondaq.com. Briefly the situation: Since clarifying the legal permissibility of certain crypto activities in 2020 and early 2021, federal banking agencies have begun to tighten regulatory oversight of such activities, alerting banks to applicable risks, imposing procedural checks on their …

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Crypto crime to reach record $20 billion in 2022, report says

LONDON, Jan 12 (Reuters) – Illegal use of cryptocurrencies reached a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions surged, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market faltered in 2022, as risk appetite decreased and various crypto companies failed. Investors were left with heavy losses, …

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