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Meta reins in metaverse ambitions, cuts budget by 20%

Meta has instructed Reality Labs to cut its budget by 20% by 2026, just weeks after reorganizing its metaverse division and laying off some senior staff. [...] Read More... The post Meta reins in metaverse ambitions, cuts budget by 20% appeared first on CoinGeek. [...]

UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls

The FCA fined a £3.5 million (US$4.5 million) penalty on Coinbase's CB Payments Limited for "repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers." [...] Read More... The post UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls appeared first on CoinGeek. [...]

India in need of simplifying user verification process to bolster digital payments

While India has witnessed a surge in digital payments, the country’s KYC procedure continues to be cumbersome, especially for the elderly, poor, and migrants. [...] Read More... The post India in need of simplifying user verification process to bolster digital payments appeared first on CoinGeek. [...]

Russia cautiously warms up to digital asset payments as Putin warns of power disruptions

Russia’s AML chief called on the government to accelerate the development of digital asset payment infrastructure in international payments amid global sanctions. [...] Read More... The post Russia cautiously warms up to digital asset payments as Putin warns of power disruptions appeared first on CoinGeek. [...]

Japan’s DeCurret starts production testing for DCJPY tokenized deposit platform

DeCurret announced DCJPY in October 2023, with the Internet Initiative Japan set to use tokenized deposits to pay for renewable energy certificates for members. [...] Read More... The post Japan’s DeCurret starts production testing for DCJPY tokenized deposit platform appeared first on CoinGeek. [...]

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