Confusion Over Swiss IBANs for Revolut Customers Amid Migration to New Entity

Revolut is transitioning Swiss customers from its British entity to the Lithuanian Revolut Bank UAB, promising individual Swiss IBANs provided by Postfinance. However, confusion arises as these IBANs require the beneficiary to be listed as Revolut Bank UAB, not allowing for direct salary transfers yet. The company acknowledges misunderstandings and aims to enhance its offerings in Switzerland, with no immediate deadline for the switch.

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Crypto Whales Target Dogecoin XRP Ethereum and Lightchain AI Before Inauguration

Crypto whales are strategically accumulating assets like Dogecoin, XRP, Ethereum, and Lightchain AI ahead of the upcoming Trump inauguration, which has sparked significant market interest. Dogecoin has seen a remarkable price surge, while XRP leads in cross-border payments, and Ethereum dominates in DeFi and NFTs. Lightchain AI, raising $13.2 million in presale, is gaining traction for its innovative integration of blockchain and AI, appealing to industries focused on transparency and efficiency.

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Zondacrypto partners with Incore Bank to expand into Switzerland

Zondacrypto, a European cryptocurrency exchange with over 1.35 million users, is expanding into Switzerland by partnering with Incore Bank. This collaboration will provide clients with custody and trading services for digital assets, enhancing the bridge between traditional finance and the digital asset ecosystem. The company, founded in Poland in 2014, aims to further develop its presence in Switzerland and is a member of the Swiss Blockchain Federation.

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Canadian Firm Invests 17 Million in Solana Blockchain Projects

SOL Strategies has secured $17 million to invest in the Solana blockchain, focusing on decentralized finance, validator operations, and liquidity provision. CEO Leah Wald aims to enhance shareholder returns through strategic staking and expanding their Solana holdings. Analysts predict significant price increases for Solana, with expectations of reaching $4,000 based on bullish market patterns.

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Germany Passes Legislation for Full Implementation of EU Crypto Regulation MiCAR

Germany’s Bundestag has passed the Digitalization of Financial Markets Act, enabling the full implementation of the EU’s MiCAR cryptocurrency regulation before its December 30 deadline. This legislation designates BaFin as the regulator, allowing German firms to operate under MiCAR while establishing a one-year transition period for existing licenses. Meanwhile, varying transition periods across EU countries prompt urgency for crypto asset service providers to secure new authorizations to avoid operational disruptions.

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Bitget Receives License for Bitcoin Services in El Salvador

Bitget has received a Bitcoin Service Provider license from El Salvador’s Central Reserve Bank, enabling it to offer various Bitcoin-related services, including fiat exchanges and secure custody solutions. The exchange is also seeking further regulatory approval for a digital asset service provider license to expand its offerings. This development aligns with El Salvador’s evolving Bitcoin regulations as the country negotiates a $1.3 billion loan with the IMF, which may lead to making Bitcoin acceptance voluntary for businesses.

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Holyheld Secures Funding to Enhance Blockchain Payment Solutions and Protocol

Holyheld, a Swiss crypto payments startup, has secured funding to enhance its BRRR protocol, aimed at creating a global layer for real-time payments by connecting blockchain and traditional payment networks. The investment comes from notable firms including Toyota Ventures and Polygon, enabling Holyheld to expand its app, which allows users to make everyday purchases using cryptocurrency while maintaining self-custody of their funds. With over 100 integrated crypto protocols and $100 million in transaction volume since its launch, Holyheld is positioned to redefine payment solutions for crypto customers and fintechs.

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Holyheld Secures Funding to Enhance Blockchain Payment Solutions and Services

Holyheld, a Swiss crypto payments startup, has secured funding to enhance its BRRR protocol, aimed at creating a global layer for real-time payments by connecting blockchain and traditional payment networks. The investment comes from notable firms including Toyota Ventures and Polygon, enabling Holyheld to expand its Web3 payment app, which allows users to make everyday purchases using cryptocurrency while maintaining self-custody of their funds. With over $100M in volume since its launch, Holyheld is positioned to redefine payment settlement and reconciliation solutions in the crypto space.

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Holyheld Secures Funding to Enhance Blockchain Payment Solutions with BRRR Protocol

Holyheld, a Swiss crypto payments startup, has secured funding to enhance its BRRR protocol, aimed at creating a global layer for real-time payments by connecting blockchain and traditional payment networks. The app allows users in 30 European countries to utilize cryptocurrency for everyday purchases while maintaining self-custody of their funds. With over $100M in volume since its launch, Holyheld is positioned to redefine payment settlement and reconciliation solutions in the crypto space.

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Bybit Discusses MiCAR Compliance at Crypto Talks Vilnius Event

Bybit, the world’s second-largest cryptocurrency exchange, participated in CRYPTO TALKS. VILNIUS Vol. 2, focusing on the complexities of the Markets in Crypto-Assets Regulation (MiCAR). The exchange highlighted challenges such as interpretational discrepancies, complex legal frameworks, and the need for operational readiness, emphasizing its commitment to compliance and collaboration within the evolving European regulatory landscape. Robert Macdonald, Bybit’s Chief Legal & Compliance Officer, stated that proactive preparation and industry collaboration are essential for a secure digital asset ecosystem.

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Chiliz Socios.com Receives License Approval from Malta Financial Services Authority

Chiliz’s Socios.com has received in-principle approval for a Class 3 Virtual Financial Assets Act license from the Malta Financial Services Authority, allowing it to operate as a regulated virtual financial asset provider. CEO Alexandre Dreyfus hailed this as a significant milestone, emphasizing the importance of regulatory compliance and transparency in the blockchain sector. The approval supports Socios.com’s ongoing compliance efforts across various regions and aligns with the upcoming EU Markets in Crypto-Assets Regulation set to take effect in 2025.

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