Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets

June 18, 2024 Bitcoin.com

bitcoin.com

South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that […]

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Crypto enthusiasts warn against naira trade ban on exchanges

June 8, 2024 Coin Telegraph

blockchain technology

Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the Nigerian government has turned its focus to platforms providing cryptocurrency services.

Some Nigerian crypto enthusiasts believe that the country’s decision to halt naira trading on cryptocurrency exchanges will likely worsen matters for the volatile fiat currency.

In an interview with Cointelegraph, Rume Ophi, the executive secretary of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), stated that the official Nigerian narrative that global cryptocurrency platforms contributed to the naira’s depreciation is impractical.

Ophi said Nigeria can effectively regulate the cryptocurrency industry through a framework introduced by the Nigerian Securities and Exchange Commission (SEC) in 2022.

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Ripple President Says SEC on ‘Warpath’ With Crypto Industry

June 5, 2024 Bitcoin.com

Bitcoin

The president of Ripple Labs has criticized the U.S. Securities and Exchange Commission (SEC)’s approach to regulating the crypto sector, emphasizing that the regulator is on a “warpath” with the industry. She highlighted the inefficiency of the current approach, stating: “This whole dynamic of setting rules through enforcement … is really unproductive and not getting […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Binance France changes ownership following regulator warning

May 28, 2024 Coin Telegraph

AMF warning

Former CEO Changpeng Zhao cannot be Binance's beneficiary if it wants to keep its French license.

Binance France has new shareholders who own 100% of the company equally between them. The move was necessary after the country’s Financial Markets Authority (AMF) sent the company a warning in December.

According to a blog post, the AMF informed Binance France that it had to take action in response to the problems that arose between the original beneficial owner and the United States Justice Department, Commodity Futures Trading Commission (CFTC) and the Treasury’s Financial Crimes Enforcement Network. In other words, former Binance CEO Changpeng Zhao could no longer own the company.

The post indicated that Zhao had already withdrawn from the company. He pleaded guilty to the U.S. charges in November and has been sentenced to four months in prison in the United States, although he has yet to begin his prison term.

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Central Bank of Brazil Aims to Finalize Crypto Regulations This Year

May 21, 2024 Bitcoin.com

bitcoin.com

The Central Bank of Brazil outlined its crypto regulation calendar, defining a three-phase process for finalizing these tasks in 2024. The bank aims to consult market actors regarding VASPs, establish plans to regulate stablecoins and finalize the rules to welcome VASPs into the country later this year. Central Bank of Brazil to Finalize VASPs and […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Indian Regulator Advocates Multi-Agency Approach for Crypto

May 18, 2024 Bitcoin.com

Binance

The Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade. India’s central bank, the Reserve Bank of India (RBI), however, views crypto as a macroeconomic risk, highlighting concerns about tax evasion and fiscal stability. SEBI […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Andrew Tate Plans to Invest Big in Bitcoin, Leaving Fiat Completely

May 17, 2024 Bitcoin.com

Andrew Tate

Andrew Tate, a British-American social media personality and former professional kickboxer, has announced a plan to invest significantly in bitcoin, expressing frustration with banks and their scams. “I’m about to leave fiat completely,” he stressed. “I’m done with the banks. I’m done with their money. Done with the scams.” Andrew Tate Plans to Shift ‘100M’ […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Robinhood Launches Its First Crypto Staking Product

May 15, 2024 Bitcoin.com

Bitcoin

Robinhood has introduced its first-ever crypto staking product, which will be available to European customers. The company has also launched several other new features for European users. “Robinhood Crypto customers can now stake their solana (SOL) holdings directly through the app, allowing them to earn rewards with the flexibility to unstake at any time,” the […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Turkey Prepares New Crypto Law to Align With International Standards

May 12, 2024 Bitcoin.com

bitcoin.com

Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the licensing and operation of cryptocurrency trading platforms by the Capital Markets Board. It will also ensure the safe custody of […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Billionaire Mark Cuban Warns Gensler’s SEC Crypto Policies Could Cost Biden the Election

May 11, 2024 Bitcoin.com

Bitcoin

Billionaire Mark Cuban has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s handling of crypto regulations, suggesting it could harm Biden’s election chances. “Gensler has not protected a single investor against fraud,” he stressed. “All he has done is make it nearly impossible for legitimate crypto companies to operate.” ‘This Is Also a […]

Cryptocurrency Regulation