Search Results for: regulatory developments

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

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Esmaspäeval, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be…

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments

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While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins…

Austraalia peatab kohaliku FTX-üksuse finantsteenuste litsentsi

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Austraalia väärtpaberiregulaator peatas pankrotistunud krüptobörsi FTX Austraalia üksuse litsentsi kuni mai keskpaigani. Välja antud avalduse kohaselt, platvormil on lubatud pakkuda piiratud finantsteenuseid kuni detsembrini. 19 in order to terminate…

Finantsettevõtted teatavad esimesest tehingust digitaalsete varadega Venemaa seaduste alusel

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Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement…

Crypto Exchange Binance Joins Expert Center at Russian Banks Association

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Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the country’s growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they…

Inglismaa Pank: Krüptovarad kujutavad Ühendkuningriigi finantssüsteemi stabiilsusele "piiratud" riske

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The Bank of England says that crypto assets pose “limited” direct risks to the stability of the country’s financial system. “Cryptoasset and associated markets and services continue to grow and to develop rapidly. Such assets are becoming increasingly integrated into the…

IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step Up

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The International Monetary Fund (IMF) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.” IMF Sees New…