Crypto Financial Services
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BCB Group Suspends US Dollar Payment Plan Following Signature Bank Closure
It is reported that BCB Group, a London-based crypto financial services company, suspended a planned US dollar payment plan after the regulator closed Signature Bank earlier today. Cryptographic company BCB Group suspended the US dollar payment pilot plan due to the closure of Signature Bank Analysis based on this information:The news that BCB Group, a London-based crypto financial services company, has suspended its planned US dollar payment plan following the closure of Signature Bank has sent ripples across the crypto industry. The decision to halt the payment plan has raised concerns about regulatory actions in the crypto sector. BCB Group had previously announced plans to enable its clients to make US dollar payments using the Paxos stablecoin. The company had partnered with Signature Bank, which would have provided custody services for US dollar deposits, to offer the payment plan. However, the plan has been put on hold after Signature Bank was closed by the New York State Department of Financial…
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Babel Finance Proposes Repayment of $766M Debt with “Babel Recovery Coins”
On March 6, according to the court documents cited by Bloomberg, the crypto financial service provider Babel Finance proposed to repay $766 million of creditor…
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BCB Group Raises Funds through Convertible Notes
It is reported that the source said that BCB Group, a crypto financial service company, is raising funds through convertible notes, which will be converted int…
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Regulatory Crackdown on BUSD Issuer Paxos
On February 14, Markus Thielen, the research director of Matrixport, a crypto financial service company, believed that the recent regulatory crackdown on the B…
