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SEC Rules Are Preventing Major Banks From Offering Crypto Custody Services – Here’s How
The market capitalization of the virtual currency industry has surpassed the $1 trillion mark. Still, leading U. S. banks are barred from getting any skin in the game by the country’s securities watchdog. дальше »
2023-8-3 20:02 | |
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Ukraine Government Reveals Crypto Firms Have Cost The Country $81 Million In Lost Taxes
According to data released by the Ukrainian government, cryptocurrency firms offering services in Ukraine have failed to contribute over $81 million in taxes to the country’s budget in the past decade. дальше »
2023-8-4 19:00 | |
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Bitnovo reveals Spain’s rapidly increasing crypto adoption
Spanish cryptocurrency company Bitnovo conducted research to understand how Spanish citizens see cryptocurrency growth in the country. The adoption of cryptocurrency in Spain is growing rapidly. According to data provided by Statista, Spain ranks 22nd internationally in cryptocurrency adoption, with… дальше »
2023-8-3 14:22 | |
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Binance China Dominance Continues: Volume Hits $90-B Despite Crypto Ban – Report
Binance continues to attract a significant portion of its business from China, even in the face of the country’s prohibition on cryptocurrencies. In May, Binance recorded a staggering trading volume exceeding $90 billion, encompassing both spot and futures transactions originating from the country. дальше »
2023-8-2 19:00 | |
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Kenya Suspends Worldcoin Over Concerns About Use of Biometric Data
Kenya suspends Worldcoin activity in the country due to widely shared concerns with its use of biometric data. The post Kenya Suspends Worldcoin Over Concerns About Use of Biometric Data appeared first on BeInCrypto. дальше »
2023-8-2 18:45 | |
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Binance U.S. Faced Potential Closure, CEO Weighed Options Amid Regulatory Turmoil
Per a recent report from The Information, the CEO of crypto exchange Binance, Changpeng “CZ” Zhao, considered closing its U. S. subsidiary. The possibility was reflected due to the increasing hostilities from regulators against Zhao and the trading venue in the country. дальше »
2023-8-2 15:04 | |
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Binance's biggest market is China despite a crypto ban in the country: WSJ
The amount of trading activity makes China Binance's biggest market by far. Binance withdrew from mainland China in 2017 following a regulatory crackdown. As per a recent Wall Street JournThe post Binance's biggest market is China despite a crypto ban in the country: WSJ appeared first on AMBCrypto. дальше »
2023-8-2 15:00 | |
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Reports of secret $90B Chinese trading denied by Binance, claims no operation in the country
Despite reports from the Wall Street Journal (WSJ) that China accounts for about 20% of Binance’s trading volume, the exchange told CryptoSlate in an Aug. 2 email that its website is blocked in the country and its platform is unavailable to China-based users. дальше »
2023-8-2 11:48 | |
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Why MiCA Is Overly Burdensome Regulation for Ukraine's Crypto Industry
As a European Union's candidate member, Ukraine is set to adopt the EU's landmark Markets in Crypto Assets Regulation (MiCA). But the law's requirements may become too strict for the country’s blockchain future, says Ukraine's deputy minister of digital transformation. дальше »
2023-8-2 22:35 | |
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Binance reenters Japanese market with new platform, debuts BNB trading
Embattled crypto exchange Binance’s Japanese subsidiary launched a dedicated platform to onboard new customers in the Asian country, according to an Aug. 1 press statement. The exchange stated that existing Japanese users of its Binance global platform would be able to access the new platform by Aug. дальше »
2023-8-1 16:55 | |
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Nigerian SEC doubles down on Binance warning despite its recent approval in Dubai
The Nigerian Securities and Exchange Commission (SEC) reiterated its warning that Binance’s operation within the country was illegal, according to a July 28 statement. In its new notice, the regulator specifically mentioned Binance’s official website, stating that: “The Commission again reiterates that the activities of Binance, https://www. дальше »
2023-7-31 20:00 | |
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Bitdeer Launches Fund For Bitcoin Mining Operations In Bhutan
Bitdeer, a Bitcoin mining company headquartered in Singapore, has launched a closed-end fund to invest in the Bitcoin mining industry in Bhutan. This represents a part of the firm’s efforts to expand its mining operations in the South Asian country. дальше »
2023-7-29 16:40 | |
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Binance German License Withdrawal: Regulators Concerned Over Changpeng Zhao
After Binance withdrew its German license application this week, the Wall Street Journal reported that the country's financial regulator has raised concerns over the company structure and founder CZ. дальше »
2023-7-30 16:37 | |
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New Report Shows The Staggering Amount Ukraine Raised Using Crypto
According to a report by Crystal Blockchain, war-torn Ukraine has received over $225 million worth of crypto from supporters as the country continues its fight against Russia. Ukraine’s Crypto Sponsors Part of Ukraine’s donations have come from prominent companies and figures in the crypto industry. дальше »
2023-7-29 16:00 | |
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Peru Tightens Crypto Laws, Mandates Exchanges To Comply With AML Regulations
In a move to address growing concerns over money laundering and terrorist financing associated with cryptocurrencies, the Presidency of Peru has issued a new decree. The decree mandates that all cryptocurrency exchanges operating within the country must comply with anti-money laundering (AML) regulations. дальше »
2023-7-29 06:47 | |
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Crypto market maker Wintermute shifts focus to Asia amid Western regulatory turmoil, plans expansion
Crypto market maker Wintermute is eyeing an expansion into Singapore after co-founder Yoann Turpin revealed that he would be moving to the Asian country alongside some staff members, Bloomberg reported on July 27. дальше »
2023-7-29 21:45 | |
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Crypto.com registered as crypto service provider in the Netherlands
Crypto. com has been approved as a crypto service provider in the Netherlands, the company announced today July 28. The crypto exchange, among the largest in the world by trading volume and users, secured registration after the De Nederlandsche Bank, the central bank of the Netherlands, deemed it compliant with the country’s ‘ Money Laundering and […] The post Crypto. дальше »
2023-7-29 15:30 | |
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Tokenization News Roundup: Avalanche Invests $50M in RWA
Competition among blockchains to grab some of the RWA market, new lending pool from Credix that supports Colombian farmer, the first-ever tokenization under Spain’s new laws, how the U.K’s regulations may lead to the country becoming a tokenization hub, and more for the week ending July 27, 2023. дальше »
2023-7-28 21:19 | |
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UK Jobs Drop 24%, But These Crypto Companies Are Still Hiring
While the UK's job market declines, the crypto industry shines as a beacon, hiring actively and offering innovative opportunities, reshaping the country's employment and economic landscape. The post UK Jobs Drop 24%, But These Crypto Companies Are Still Hiring appeared first on BeInCrypto. дальше »
2023-7-28 16:45 | |
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Crypto Crime: South Korea Intelligence Unit Offers Support To Virtual Asset Operators
In its continuous attempt to regulate its evolving crypto scene and fight against crypto crimes, the South Korean government has offered support to virtual asset operators in the country. The nation’s Financial Intelligence Unit recently held a meeting with five local virtual asset services providers to help strengthen their “compliance capabilities.” This meeting is a […] дальше »
2023-7-27 16:00 | |
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Bitcoin Volatility Expected on Friday's Bank of Japan Rate Decision. Here's Why
The BOJ is predicted to soften its grip on the country's bond markets, potentially influencing global bond markets, exchanges rates and liquidity conditions. Bitcoin and cryptocurrencies, in general, are sensitive to changes in global liquidity conditions. дальше »
2023-7-27 12:52 | |
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Island country partners with Ripple to mint USD-backed stablecoin
The USD-backed stablecoin project runs on XRP Ledger. Only two weeks earlier, Ripple secured a partial victory in its legal battle with the SEC. Ripple [XRP] Labs has collaborated as an induThe post Island country partners with Ripple to mint USD-backed stablecoin appeared first on AMBCrypto. дальше »
2023-7-26 15:00 | |
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Another Win For Crypto: Namibia Lifts Ban On Virtual Assets
In another big win for crypto and worldwide adoption, Namibia has become the latest country to adopt virtual assets into its ecosystem by passing a law that regulates the activities of Virtual Asset Service Providers (VASPs) carrying out business in the country. дальше »
2023-7-26 13:00 | |
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Namibia takes a U-turn with its new crypto regulation bill
Once the Ministry of Finance determines a date, the law will come into force in the country. Called the Namibia Virtual Assets Act 2023, it is the first law in Namibia, outlining how to regulatThe post Namibia takes a U-turn with its new crypto regulation bill appeared first on AMBCrypto. дальше »
2023-7-26 13:00 | |
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Bitcoin Saves El Salvador
Graham Elwood is a comedian, filmmaker, and podcaster. He has just spent time on the ground in El Salvador exploring the country's Bitcoin adoption. He is producing a new documentary called Bitcoin Saves El Salvador. дальше »
2023-7-26 05:00 | |
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Japan’s PM Kishida Backs Web3, Binance to Launch in Country in August
The Japanese PM emphasized Japan's dedication to boosting the Web3 sector. He also hoped that discussions among key industry players would encourage business collaborations between Japan and other nations. дальше »
2023-7-25 14:26 | |
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Digital Ruble: Aim And Impact On Cryptocurrency Adoption
Russian President Vladimir Putin’s signing of the bill to grant legal tender status to a “digital ruble” comes at a time of severe economic challenges for Russia, mainly due to the ongoing war in Ukraine and the subsequent Western sanctions imposed on the country. дальше »
2023-7-25 10:30 | |
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US GAO says lack of interagency cooperation needs to be addressed in crypto regulation
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together. дальше »
2023-7-25 22:35 | |
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Indonesia launches national cryptocurrency exchange amid 69% drop in transaction volume
Indonesia launched a national cryptocurrency exchange that became operational on July 17, according to a July 20 statement from the Commodity Futures Trading Supervisory Agency (Bappebti). The country also announced that its futures clearing house has been operational since July 17. дальше »
2023-7-21 15:28 | |
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DeFi under threat? What the U.S. Senate is planning for the sector
The U. S. Senate has proposed a new act that could limit DeFi's growth in the country. DeFi protocols remained unaffected, and tokens did not witness any price depreciation. Over the last quaThe post DeFi under threat? What the U. дальше »
2023-7-21 20:30 | |
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China’s digital yuan hits $250 billion in transactions
China's central bank governor Yi Gang has announced transactions worth almost $250 billion have occurred with the country's digital yuan since the start of its pilot 18 months ago. дальше »
2023-7-20 17:43 | |
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Kuwait places absolute ban on crypto payments and mining
Kuwait has prohibited all crypto activities and use cases in the country, including payments, mining, and investment. The Central Markets Authority (CMA), Kuwait’s financial regulator, released a circular on July 19. дальше »
2023-7-20 17:12 | |
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Op-ed: US banks launch 24/7 Instant Payments – does FedNow reduce risk of CBDCs?
The U. S. Federal Reserve’s (Fed) long-awaited instant payment service, FedNow, is set to launch imminently, promising a significant development in the country’s payment system. As reported by Reuters on July 20, with this service, everyday Americans will soon be able to send and receive funds in real-time, 24/7, a revolutionary stride in the U. дальше »
2023-7-20 16:40 | |
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Kuwait imposes ‘absolute ban’ on virtual assets to combat money laundering risks
Kuwait Capital Markets Authority (CMA) banned all forms of cryptocurrency use in the country, including mining activities, according to a July 18 circular. The financial regulator imposed an “absolute ban” on all payments and investments involving cryptocurrencies, adding that it does not recognize virtual assets as a decentralized currency. дальше »
2023-7-20 15:30 | |
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El Salvador's Bonds Surge 62% Amid Bitcoin's ETF-Driven Rally
El Salvador’s bonds due in 2027 have gained 62% in the last six months as the country finds itself on a better financial footing. дальше »
2023-7-20 11:29 | |
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South Korean central bank charts out future course of payment systems, CBDC
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country. дальше »
2023-7-20 00:40 | |
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BREAKING: Bitcoin ETFs Move Closer To Approval, SEC Lists 8 Applicants On Federal Register
The US Securities and Exchange Commission (SEC) has taken a significant step towards approving the first-ever Spot Bitcoin Exchange-Traded Fund (ETF) in the country. According to a report by Watcher Guru, the regulatory process for the approval of spot Bitcoin ETFs officially began on Wednesday, after eight applicants were listed in the Federal Register, including […] дальше »
2023-7-19 19:12 | |
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North Korea Stole $700 Million in Cryptocurrency – 30% of Its Foreign Currency Earnings
North Korea stole approximately $700 million in cryptocurrency in 2022 to fund its ballistic missile program, contributing 30% to the country's foreign currency income, according to South Korea’s National Intelligence Service. дальше »
2023-7-19 16:15 | |
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