Tag: transfers
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Brazil Implements 24-Hour Delay on Large Cryptocurrency Transfers to Combat Fraud
Brazil’s central bank has announced a mandatory delay of up to 24 hours for large cryptocurrency transfers, a measure set to take effect in 2027. This new regulation targets transfers exceeding $10,000, specifically those destined for overseas virtual asset firms or self-custody wallets. The policy aims to significantly impede the rapid movement of illicit funds,…
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United States Government Transfers $288 Million in Seized Bitcoin and Ethereum to Coinbase Prime, Igniting Speculation Over Potential Sell-Off.
The U.S. government on Monday initiated a significant movement of $288 million in seized cryptocurrency, transferring approximately 3,800 Bitcoin (BTC) and 30,000 Ethereum (ETH) to Coinbase Prime. This move, meticulously tracked by on-chain analytics firm Arkham, has swiftly revived market speculation regarding Washington’s intentions to potentially liquidate a portion of its substantial digital asset holdings,…
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Coinbase enables direct rupee bank transfers in India via IMPS after FIU registration
Coinbase, the leading U.S.-based cryptocurrency exchange, has officially enabled direct Indian Rupee (INR) bank transfers for its users in India, utilizing the Immediate Payment Service (IMPS) network to facilitate seamless deposits and withdrawals. This strategic move addresses the primary logistical challenge that has historically hindered the growth of international crypto platforms within the Indian subcontinent:…
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CLARITY Act Advances in US Senate as Global Regulators Tighten Grip on Crypto ATMs and Cross-Border Transfers
The United States Senate Committee on Banking, Housing, and Urban Affairs has taken a decisive step toward establishing a comprehensive federal framework for digital assets, voting 15-9 to advance the Digital Asset Market Clarity Act, commonly referred to as the CLARITY Act. This landmark market structure legislation, which has been the subject of intense deliberation…
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