Scan to download
BTC $60,609.14 -0.48%
ETH $1,557.11 -2.08%
BNB $572.80 -0.30%
XRP $1.09 -1.01%
SOL $61.56 -4.87%
TRX $0.3216 -0.04%
DOGE $0.0809 -1.29%
ADA $0.1582 -0.92%
BCH $214.98 -0.90%
LINK $7.34 -0.18%
HYPE $58.09 -0.48%
AAVE $60.17 -3.06%
SUI $0.7121 +1.73%
XLM $0.2131 +13.05%
ZEC $354.74 +6.02%
BTC $60,609.14 -0.48%
ETH $1,557.11 -2.08%
BNB $572.80 -0.30%
XRP $1.09 -1.01%
SOL $61.56 -4.87%
TRX $0.3216 -0.04%
DOGE $0.0809 -1.29%
ADA $0.1582 -0.92%
BCH $214.98 -0.90%
LINK $7.34 -0.18%
HYPE $58.09 -0.48%
AAVE $60.17 -3.06%
SUI $0.7121 +1.73%
XLM $0.2131 +13.05%
ZEC $354.74 +6.02%

ern

Xiaohongshu launches a special action for the governance of financial professional accounts to address illegal inducements for cross-border investment and other violations

According to the Securities Times, Xiaohongshu has launched a special governance action for certified professional accounts in the financial sector starting from June 3. Based on relevant laws and regulations as well as platform rules, financial certifications are only issued to institutions holding compliant licenses. The nicknames of certified professional accounts on the platform must strictly match the actual business scope of the certified entity and must not obtain certification marks through false or misleading information. In the past week, Xiaohongshu has dealt with over 1,500 non-compliant financial professional accounts and will continue to comprehensively strengthen the public verification and validation mechanism, conducting regular inspections and handling of existing accounts.Staff introduced that since May, the Xiaohongshu platform has dealt with a total of 31,000 accounts involved in financial sector violations and marketing accounts without financial-related qualifications, including 539 notes and 146 comments related to illegal inducement of cross-border investment issues; 141 related notes regarding the low-priced resale of foreign investment bank research reports, and freezing of 132 related products. In addition, the platform has also handled over 130 pieces of suspected illegal information related to gold financial marketing promotion and domestic promotion of overseas platforms.

WasabiCard has completed nearly $10 million in Pre-A round financing, with participation from well-known institutions such as Vernal Capital and Avenir Group

The global stablecoin payment infrastructure platform WasabiCard today announced the completion of its Pre-A round of financing. Including previous funding, the total amount raised by the company has approached 10 million USD, with participation from four well-known institutions: Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC.This round of financing will be used to build and improve the global payment infrastructure, compliance system, and key market business layout, enhancing cross-border payment service capabilities and global operational capabilities, further promoting the company's construction of a compliant, efficient, next-generation financial infrastructure aimed at the internet era.As stablecoins gradually move from trading scenarios to real commercial applications, the demand from enterprises for global payment, global card issuance, fund management, and cross-border settlement infrastructure continues to grow. WasabiCard currently serves over 500 enterprise clients globally, with a cumulative card issuance exceeding 500,000 cards and a total transaction scale surpassing 1 billion USD.In the future, WasabiCard will continue to expand its global payment network and multi-chain payment ecosystem, promoting the further implementation of stablecoin payments in global commercial scenarios.
app_icon
ChainCatcher Building the Web3 world with innovations.