DeFI News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage Revolut makes it possible for its users to make daily purchases using cryptocurrencies. The fintech firm has launched a crypto card with a 1% cashback offer to entice users into enrolling for the new service. Revolut to support crypto payments Revolut Pay has unveiled a crypto feature that allows customers to get a 1% cashback when they use cryptocurrencies to buy goods and services. Revolut currently supports nearly 100 cryptocurrencies, including Bitcoin, Ether, and Dogecoin. The 1% cashback will be paid in the same currency the user spent. Therefore, if the customer spends Bitcoin, they will receive a 1% cashback in Bitcoin. The feature can be supported in all the existing cards, and it will allow customers to have the convenience of choosing the currencies that they wish to spend. Revolut has offered education courses to its customers to enlighten them about the cryptocurrency market. The fintech co...

European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto Law Passes Another Hurdle Before Final Adoption The European Parliament Committee on Economic and Monetary Affairs (ECON) has approved the provisional deal on a landmark legislation tailored to regulate the European Union’s crypto space. The vote, in which 28 members were in favor and only one against, comes ahead of the Parliament’s plenary vote on the new framework. MEPs from @EP_Economics voted to confirm w/ 28/1 provisional deal on markets in crypto assets #MICA @DrStefanBerger ahead of the final plenary vote 30 June deal details ️️️https://t.co/zFPKaTxki9 — ECON Committee Press (@EP_Economics) October 10, 2022 Representatives of key EU institutions and member states reached an agree...