WebN backed innovative digital asset firms like KAIO, Twinstake, TruFin and Geometry.
Billionaire Alan Howard’s crypto incubator WebN closes down
WebN backed innovative digital asset firms like KAIO, Twinstake, TruFin and Geometry.
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Bank of England Governor Andrew Bailey urged caution as the U.S. pushes pro-crypto policies, highlighting risks to financial stability and the nature of money.
The move comes amid new regulations from Brazil's central bank, requiring crypto firms to be licensed and report international transactions.
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.
The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.