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Canadian regulators have issued guidelines for crypto companies that warn against “gambling style” advertising and marketing.

“Misleading advertising and inappropriate marketing strategies can encourage investors to take risks that they would normally avoid,” said Louis Morisset, president of CSA.

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have issued guidelines for cryptocurrency trading platforms operating in the country to avoid “publicity material. and marketing that could mislead investors ”.

In a September 23 statement, guidelines from Canadian regulators warn crypto companies not to announce “play style” promotions that require an investor to register within a certain timeframe to enjoy a reward or reward. an opportunity. . Although guidelines on restrictions on social media posts appeared vague, regulators recommended that trading platforms designate a person to review and approve communications and put in place a system to ensure that all posts are made. comply with regulatory guidelines. .

“Misleading advertising and inappropriate marketing strategies can lead investors to take risks that they would normally avoid, and failure to comply with the requirements of securities law and IIROC rules can raise concerns about the relevance of an encrypted negotiation platform for registration ”, declared the president of the CSA, Louis Morisset.

Some of the seemingly egregious examples provided by regulators are exchanges that suggest they are registered under applicable securities laws or approved by regulatory authorities. The CSA and IIROC have encouraged trading platforms to consult with their legal teams before advertising and marketing communications are made public.

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PayPal launches new consumer app for cryptocurrencies, savings and direct deposit

PayPal has announced the launch of a new app designed to be a one-stop-shop for all digital payment needs of customers of the company’s customers.

As Cointelegraph reported, PayPal CEO Dan Schulman announced in July that the company’s super app was ready to launch in the United States.

According to a press release on Tuesday, PayPal’s new app will give users access to all of the company’s digital financial products. The new app covers both encrypted and unencrypted use cases with a wallet tab to manage crypto payments and savings with high returns.

In fact, PayPal’s announcement included a partnership with online banking Synchrony Bank to provide a high-yield savings account through the new app.

As part of the announcement, the digital payments giant said customers could earn an annual return of up to 0.40% on their savings with the new app as part of the announcement.

Customers can also transfer earnings from their savings account to PayPal balance to use when shopping online. Other features mentioned are bill payments, refunds and discounts, as well as direct deposits. The latest feature will reportedly allow customers to receive payments two days earlier.

Related: PayPal Users Can Withdraw Cryptocurrencies to External Wallets PayPal also announced plans to add more features to the app in the coming months, including offline QR code payments and investment opportunities.

In August, Cointelegraph reported that PayPal was considering a foray into retail.

The announcement of the new client app comes just days after the company launched crypto trading for users in the UK.

Schulman has already argued that digital payments will be even more so, stating in December 2020 that the time is right for widespread adoption of cryptocurrencies.

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Over 1,000,000 Salvadoran Citizens Are Now Using Bitcoin Within Days After Making Legal BTC Offers

Bitcoin (BTC) is being adopted en masse in El Salvador just days after the Central American nation made the standard legal tender for cryptocurrencies.

President Nayib Bukele told 2.9 million of his Twitter followers that 1.1 million Salvadorans are already using Chivo, the country’s official Bitcoin wallet operated by BitGo.

“1.1 million Salvadorans are already using the Chivo wallet (and we still have to activate 65% of the phone models). It seems that we can deposit more people in a month than we can nationalize and privatize traditional banks in 40 years. Bitcoin ” El Salvador made history after becoming the first country to officially introduce Bitcoin on September 7. The country has promised its citizens $ 30 BTC, as well as the optional use of the Chivo wallet.

Chivo’s registration was recently discontinued and the wallet had to go offline outside of peak hours to fix technical issues. Now Bukele says that the app is fully functional. “1. The application is already working 100% 2.

Now also available for download on all Blu, Xiaomi, Motorola, TCL and ZTE models. Bukele adds that he sees “strong demand” for Chivo’s portfolio. “There has never been such a massive digitization project in El Salvador. I even believe that I have never had a national digitization project. Every hour we have twice as many new users as the participants against the march.

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PayPal VA Crypto Trading Deployment of UK customers

Bitcoin Trading PayPal Services is now fully available in the United Kingdom when the Gigante Global Payment has begun to move last month.

PayPal has officially announced on September 17 Customers can exchange four great Cryptosis: Bitcoin (BTC), Ether (ETH), LIC) and Bitcoin Cash (BCH).

As noted above, Crypto trade is only with PayPal customers with confirmed identities. PayPal has announced plans to move to the British market in Crypto-Currency at the end of August, being the services to operate immediately Crypto Rollion partial.

Move brands of the first SERVICE OF PAYPAL SERVICES outside the United States Crypto-money.

In statements to CointArtah Spokesman of Paypal said: “Paypal has gradually decreased his new Crypt service to his clients in the United Kingdom this process is over.Addition of: “We hope that learning and observation of how our customers use our purchases, maintain and sell the encryption offer before you start rolling more features and features.» Similar: The encryption setting could give you a legitimacy “halo” says dog British custody The PayPal entry in the local Cryptom market comes as an R.U. Banks cut off payment channels.

In August, Banking Giant HSBC Banking said that you suspended credit card payments for BIN, called “the possible risk problems” to your customers. Other banks such as Barclays and Banco Natwest had already prevented transactions for BINSE. The British launch Krypto Paypal is a “fresh air”, “Gregory Klumovi according to the Tokensisation Cabinet. Because the country is in ten countries of the world, such a step is clearly driven by the continuous introduction of digital assets in Europe and , Subsequently, “he said.

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Coinbase Archives for Offering Cryptocurrency Futures and Derivatives Trading

Cryptocurrency exchange Coinbase has submitted an application to the National Futures Association (NFA) to offer futures and derivatives exchanges on its platform.

The exchange says its new offerings are aimed at “further developing the crypto economy.” Coinbase signs up to offer cryptocurrency futures and derivatives transactions Coinbase Global Inc.

(Nasdaq: COIN) announced on Twitter Wednesday that it has applied to the National Futures Association (NFA) to register as a Futures Commission Trader (FCM).

The exchange wrote: This is the next step in expanding our offering and trading of futures and derivatives on our platforms. The exchange added that its goal is “to continue growing the crypto economy.”

The filing shows that the company is registered as Coinbase Financial Markets Inc. Crypto derivatives have become a huge market and most of the major cryptocurrency exchanges offer derivatives trading, including Binance, Okex, FTX, CME Group, and Kraken.

In April, Coinbase announced the acquisition of Skew, a crypto data analytics company specializing in monitoring the derivatives market. Coinbase is currently raising funds by issuing bonds.

The company originally planned to issue senior bonds worth $ 1.5 billion. However, due to high interest rates, he increased the amount to $ 2 billion.

Coinbase has stated that it intends to use the net proceeds from the offering “for general corporate purposes, which may include ongoing investments in product development, as well as potential investments or acquisitions. In other companies, products, or technologies that Coinbase can identify. in the future. “