Exchanges

Crypto Exchange Binance Plans to Be Regulated Financial Institution, Seeks CEO With Strong Compliance Background

<div class=”featured_image_container”> </div> <strong>Binance CEO Changpeng Zhao (CZ) says that his company wants “to be licensed everywhere” and “From now on, we’re going to be a financial institution.” Following warnings by a growing list of regulators worldwide, Zhao also revealed that Binance is seeking “a strong compliance background CEO to show our commitment to compliance …

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Stacks AMM Revealed, Native Bitcoin Swaps Executed With Proof-of-Transfer Protocol

<div class=”featured_image_container”> </div> <strong>According to a recent report, the first trust-less swap between the Bitcoin blockchain and Stacks protocol has been executed. The co-founder of the Stacks protocol, Muneeb Ali tweeted about the native bitcoin swap and said the progress is a big deal. </strong> Trust-less Native Bitcoin Swap Executed With an NFT Called ‘Boombox’ …

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Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

<div class=”featured_image_container”> </div> <strong>Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. </strong> Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh …

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Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

<div class=”featured_image_container”> </div> <strong>The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes.</strong> Brazilian Police …

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FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example

<div class=”featured_image_container”> </div> <strong>FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.” </strong> FTX CEO Announces …

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Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing

<div class=”featured_image_container”> </div> <strong>A class-action lawsuit has been filed against cryptocurrency exchange Coinbase, its executives, and investors over the company’s direct listing on Nasdaq. “According to the complaint, the registration statement and prospectus used to effectuate the company’s offering were false and misleading,” the lawsuit alleges.</strong> Class Action Lawsuit Against Coinbase Scott+Scott Attorneys at Law …

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Users Criticize Uniswap’s Decision to Remove Over 100 Tokens From Main Interface

<div class=”featured_image_container”> </div> <strong>The largest decentralized exchange (dex) platform, in terms of trade volume, Uniswap has revealed the dex has removed a number of tokens from the platform interface. The community assumes the tokens could be deemed securities by global regulators. Uniswap users can still swap these tokens via accessing specific smart contracts themselves, as …

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Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential IPO Route’

<div class=”featured_image_container”> </div> <strong>Binance CEO Changpeng “CZ” Zhao has explained in a recent interview that the company is looking to launch a U.S.-based initial public offering (IPO) in the future. The crypto exchange has been stuck in regulatory crosshairs during the last few weeks and has had issues with payment providers. CZ also noted during …

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Bank of Russia Advises Stock Exchanges to Avoid Trading Crypto Instruments

<div class=”featured_image_container”> </div> <strong>In line with its hardline stance on cryptocurrencies, the Central Bank of Russia (CBR) has issued a recommendation against the listing of securities tied to crypto assets on the country’s stock exchanges. The “preventive measure” will not affect state-issued digital currencies. </strong> Bank of Russia Worried About Common Investors’ Exposure to Crypto …

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South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

<div class=”featured_image_container”> </div> <strong>Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. </strong> Korean Financial …

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