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” US diplomats call on Japan’s crypto exchanges to cut ties to Russia: Report “ Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanctions. According to a Thursday report from the Financial Times, U.S. diplomats requested several…
” Hong Kong securities regulator CEO to lead UK financial watchdog “ Ashley Alder, the chief executive officer of Hong Kong’s Securities and Futures Commission, will become the next chair of the United Kingdom’s Financial Conduct Authority. In a Friday announcement, the U.K. treasury said it had appointed Alder to chair the country’s financial watchdog starting…
” Know thy customer: The future of KYC in crypto “ Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry. The tension never really goes away, but…
” Web3 activists fight for reproductive rights with NFTs, DAOs and protests “ Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade. On June 24, 2022, the landmark court case that previously assured the right to have an abortion was overturned, sparking a backlash among reproductive…
” Binance gets crucial license for its Spanish subsidiary from the Bank of Spain “ Crypto exchange Binance has been registered as a virtual asset service provider (VASP) by the Bank of Spain. This allows the exchange to offer custody and crypto exchange services in the country legally. Binance said in an announcement on Friday…
” What bear market? Consumer confidence higher among crypto owners than normies “ Consumer confidence is considerably higher among crypto owners than the average American adult, with crypto owners sitting 16.4 points higher on the consumer sentiment index. A July 7 report from research firm Morning Consult shows that although average United States (U.S.) adult…
” Class action lawsuit claims Solana’s SOL is an unregistered security “ Solana Labs is the latest crypto company to be hit with a lawsuit accusing it of promoting an unregistered security. The class action was filed on July 1 by Roche Freedman LLP and Schneider Wallace Cottrell Konecky in the district court for the…
” Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry? “ Crypto companies are going belly up left and right, and Bitcoin mining companies also appear to be taking on water faster than they can bail. In mid-June, Compass Mining CEO Whit Gibbs and chief financial officer Jodie…
” UK prime minister announces departure following mass resignations “ Boris Johnson, who has been the prime minister of the United Kingdom since 2019, said he will step down as leader of the country’s Conservative Party but will remain head of state until a replacement has been found. In a speech in front of 10…
” Policy think tank asks Philippine government to ban Binance over promotions “ Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country. <p>Local think tank Infrawatch PH has sent a letter to the Philippines’ Department of Trade and Industry (DTI), urging the government agency…