According to anonymous sources, Circle raised concerns with the NYDFS about Binance’s US token offering, which was launched in September 2022, and warned the regulator of potential risks to investors. The news adds to the regulatory pressure that Binance is facing in the US and highlights the growing importance of regulatory compliance in the cryptocurrency industry.
Circle Warned NY Watchdog About Binance Tokens in 2022 Read More »
The United States Securities and Exchange Commission (SEC) has been critical of the cryptocurrency industry, leading many experts to believe that crypto is under attack. The SEC argues that many digital assets may be securities subject to federal securities laws, causing increased uncertainty and fear in the industry. Crypto experts believe the SEC’s approach is misguided and motivated by a desire to protect the traditional financial system.
Under Attack: The SEC’s Stance on Cryptocurrency Read More »
The recent crackdown on stablecoins by the SEC has sparked a wave of concern in the DeFi community. The SEC’s move has raised questions about the future of stablecoins and their role in the growing DeFi ecosystem, as well as the need for DeFi protocols to comply with regulations and establish robust governance systems.
Banco do Brasil, Brazil’s largest public bank, has announced that it will now accept tax payments in cryptocurrency, responding to growing demand from customers. The bank has partnered with a cryptocurrency exchange to provide a secure platform for payments, and the move is expected to encourage wider adoption of digital assets in the country.
Banco do Brasil Enables Tax Payments with Cryptocurrency Read More »
Wirex and Visa have expanded their partnership to bring cryptocurrency payment solutions to 40 countries. This move allows Wirex customers to use their Wirex Visa debit card for purchases and cash withdrawals just like a traditional debit card. The partnership demonstrates Wirex’s commitment to regulatory compliance and security while enabling individuals and businesses to easily access and use their digital currencies.
Wirex and Visa Strengthen Alliance to Boost Crypto Adoption in 40 Countries Read More »
MetaMask, a popular cryptocurrency wallet, has warned its users about a recent phishing scam involving emails from the Namecheap hacker. The emails appear legitimate, but contain links that lead to a fake website asking for users’ private information. MetaMask has advised users to avoid clicking on the links and to report any suspicious emails to its security team. The company has emphasized the importance of being vigilant in protecting one’s cryptocurrency funds.
MetaMask Warning on Namecheap Hacker Phishing Scam Read More »
The US Securities and Exchange Commission (SEC) has sued Paxos, the issuer of BUSD, a stablecoin pegged to the US dollar, labeling it as an “unregistered security”. The SEC argues that Paxos raised funds through the sale of BUSD without registering it as a security or seeking exemption from registration. Paxos has rejected the SEC’s allegations and stated that BUSD is not a security. The case is likely to raise concerns in the crypto community and have far-reaching implications for the stablecoin market.
SEC Sues Paxos over Unregistered BUSD Stablecoin Read More »
Novatel Bahrain AL Dana has made history by becoming the first hotel in the Middle East and North Africa to accept cryptocurrency payments. This move marks a significant milestone in the acceptance of digital currencies and the wider adoption of blockchain technology.
The Indian government has announced its intention to develop a standardized global framework for regulating cryptocurrencies. This framework is aimed at providing a clear set of guidelines for countries to follow, balancing regulation with innovation in the cryptocurrency sector, and ensuring that cryptocurrencies are not used for illegal activities. The development of the framework will be a collaborative effort with international organizations and stakeholders in the industry.
India Pushes for Global Cryptocurrency Regulation Framework Read More »
Cryptocurrency and blockchain technology have faced criticism for their high energy consumption, but it’s clear they have the potential to be environmentally beneficial. From reducing fraud in the energy sector to promoting financial inclusion and sustainability, these technologies offer a path towards a greener future.
