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Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry – Regulation Bitcoin News

Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that the Financial Action Task Force (FATF) is slated to do on the subject next year. Argentina Might Create a Unified VASP Registry The discussion of a proposed revamp of the anti-money laundering and terrorism financing law in Argentina might include the creation of…

DOGE Climbs 24%, Leads Top 10 Coins, In The Last Seven Days

Dogecoin is currently driving the market’s current recovery, at least in part. The memecoin’s price reached the $0.0945 on Monday, in the midst of the shockwave brought about by FTX’s implosion. Despite the strain, DOGE still proved its resilience at it soared 25 percent in the last week, data from Coingecko show, Monday. Here’s a quick rundown as DOGE fights back against the bear market: There is a chance that by 2023, DOGE will be worth $1 The technical indicators are quite optimistic, displaying many strong levels of support In…

Bitcoin Bottom Is Near, But A Drop Down To This Level Is Possible

After Bitcoin failed to sustainably overcome the important resistance at $16,600 within the last five days, the price saw a renewed pullback a few hours ago. A week ago, on November 21, the BTC price fell to a new bear market low of $15,480, after which the price saw a spike, which, however, came to an abrupt end, questioning the strength of the bulls. At press time, BTC was trading at $16.195 and initially found support at $16.050. If the closest resistance at $16.310 does not turn back into support,…

Line shuts down crypto exchange to focus on blockchain and LN token

The Japanese messaging giant Line has decided to shut down its cryptocurrency exchange business amid the ongoing crypto winter. Line-owned crypto exchange Bitfront officially announced on Nov. 27 a plan to completely close down the platform by March 2023. According to the statement, the closure was driven by the continued cryptocurrency bear market and other issues in the crypto industry. Despite the exchange’s closure, Line will still continue to run its other blockchain ventures, including the Line blockchain ecosystem and Link (LN) token, the announcement notes, stating: “Despite our efforts…

How Web3 resolves fundamental problems in Web2

Web3 returns content rights to the author, enhances the security level, eliminates unfair censorship, ushers in transparency, automates the functioning of software and facilitates a creator economy. Thanks to the characteristics of Web3, businesses can take advantage of opportunities that are beyond imagination. Concepts like decentralization and permissionless cybersphere were just in sci-fi. Nonetheless, Web3 hopes to resolve the problems in Web2, paving the way to a decentralized era in the internet. Data ownership Decentralization puts greater control in the hands of users, ending the monopoly of Big Tech. Users…

UK Crypto Fraud Climbs by a Third to Over $270M: Report

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Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20% – Exchanges Bitcoin News

As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its workforce. Despite the layoffs, Quidax reportedly told its customers it is ‘not going anywhere, anytime soon.” ‘No Relationship With FTX’ The Nigerian cryptocurrency exchange, Quidax, reportedly claimed that the ensuing global economic downturn had forced it to let go 20% of the platform’s “exceptionally talented people.” The exchange insisted the lay-offs were not linked to the FTX…

FTX collapse put the Singapore government in a parliamentary hot seat

The collapse of the now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime Minister Lee Hsien Loong and Deputy Prime Minister Lawrence Wong are set to face grilling questions for their failure to protect retail investors. The Members of Parliament (MP) from the opposition Workers’ party raised 15 questions about Temasek’s investment and FTX collapse. The MPs questioned the government’s credibility in tracking the extent of investments by Temasek and Singapore’s sovereign wealth fund GIC. The discussions around the government…