Gate News bot news, according to the Financial Times report on June 19, X (formerly Twitter) is intensifying efforts to integrate Financial Service directly into its ecosystem and to surpass its foundations in the Social Web.

According to ChainCatcher news, The Fintech Times reports that the blockchain payment infrastructure company Fipto has officially obtained a payment institution license issued by the French Prudential Supervision and Resolution Authority (ACPR). This is the second stablecoin-related regulatory license obtained by the company after registering as a Digital Asset Service Provider (DASP) in France. This license enables Fipto, headquartered in Paris, to send and receive global fiat payments on behalf of third parties while optimizing the stablecoin trading process by reducing intermediaries.

According to ChainCatcher, The Fintech Times reports that the blockchain payment infrastructure company Fipto has officially obtained a payment institution license issued by the French Prudential Supervision and Resolution Authority (ACPR). This is the second stablecoin-related regulatory license obtained by the company in France after registering as a Digital Asset Service Provider (DASP). This license allows Fipto, headquartered in Paris, to send and receive global fiat payments on behalf of third parties while optimizing the stablecoin trading process by reducing intermediaries.

According to ChainCatcher news, The Fintech Times reports that the blockchain payment infrastructure company Fipto has officially obtained a payment institution license issued by the French Prudential Supervisory and Resolution Authority (ACPR). This is the second regulatory license related to stablecoins obtained by the company after registering as a Digital Asset Service Provider (DASP) in France. This license enables Fipto, based in Paris, to send and receive global fiat payments on behalf of third parties, while optimizing the stablecoin trading process by reducing intermediaries.

Odaily News According to official news, VeraViews has announced the official launch of the UAE's first local advertising trading and supply-side platform (SSP), aimed at establishing a new gold standard for fraud-free programmatic advertising. Khaleej Times has been confirmed as VeraViews' first official publisher partner, making it the country's first media agency to provide 100% verified, fraud-free advertising resources through a locally built fully transparent programmatic platform.

Gate News bot reported that London-based fintech company Merge has received approval from French regulators to operate as both an electronic money institution (EMI) and a virtual asset service provider (VASP). The dual license granted by the French regulators ACPR and AMF enables Merge to provide European and global businesses with a range of services, from the collection and holding of funds to the execution of cross-border payments and the conversion between fiat and digital currencies.

Gate News bot reported that the Hindustan Times stated that the Supreme Court of India questioned the central government's progress on Crypto Assets regulation on Monday. The court pointed out that the current lack of a clear legal framework has become a breeding ground for "abuse". The Supreme Court emphasized that a total ban on Crypto Assets is not a feasible solution and called on the government to accelerate the development of regulatory measures. It is noteworthy that the Supreme Court had already demanded the government to provide clear explanations regarding virtual currency policy two years ago. The court stated that the government's long-term inaction on this issue is tantamount to "turning a blind eye."

Odaily News Cross-border remittance application Abound announced the completion of a $14 million financing round, led by NEAR Foundation, with participation from Circle Ventures, Times Internet, and other investors. The company plans to use the new funds to expand its business scope, increase product variety, and improve its technological infrastructure, as well as gradually enter markets such as Canada, Singapore, and the UAE. (TechCrunch)

According to ChainCatcher news and a report by TechCrunch, the cross-border remittance application Abound announced the completion of a $14 million financing round, led by the NEAR Foundation, with participation from Circle Ventures, Times Internet, and other investors. The company plans to use the new funds to expand its business scope, increase the variety of products, and improve its technological infrastructure, and it plans to gradually enter markets such as Canada, Singapore, and the UAE.

Odaily News Cross-border remittance app Abound announces the completion of a $14 million financing round, led by NEAR Foundation, with participation from Circle Ventures, Times Internet, and other investors. The company plans to use the new funds to expand its business scope, increase product variety, and improve its technological infrastructure, and it aims to gradually enter markets such as Canada, Singapore, and the UAE. (TechCrunch)