Day: February 28, 2023

French National Assembly Votes for Tougher Registration Rules for Crypto Firms

France is hoping to set itself up as a crypto hub, and companies such as Binance and Bitstamp have already successfully registered with France’s Financial Markets Authority (AMF). Registration involves checks on governance and money laundering norms, and is mandatory for all those offering trading or custody services in the country. No firm has so far gained a license, a more burdensome procedure than registration of complying with financial norms. Source

The Future of Crypto Markets Will Be Driven by Developments in the Hong Kong and China

Allowing the opening of crypto markets could, of course, encourage more flows out of the yuan, which the Chinese authorities would understandably prefer to avoid. But if crypto assets and the innovation they bring are going to be key to the development of the financial markets of tomorrow, then China would obviously want some influence. Furthermore, China is probably watching with interest the building antagonism toward crypto from Washington, D.C. If the U.S. sees crypto markets as a threat, it could be a threat worth exploring. Source

CZ responds to mainstream FUD, and Solana goes down again — Watch The Market Report live

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This week on The Market Report, the resident experts at Cointelegraph discuss the recent fear, uncertainty and doubt (FUD) around the popular cryptocurrency exchange Binance and what the CEO of Solana had to say about recent outages.  We kick things off with this week’s top stories Binance CEO responds to Forbes claims: ‘They don’t know how an exchange works’ In the aftermath of the FTX collapse, Forbes published an article focused on the recent “shuffling” of funds by the Binance cryptocurrency exchange. However, the following day on Feb. 28, Binance co-founder and CEO…

Certain Banks’ Crypto Exposure Dropped by 44% Globally in 2022 From Previous Year: BIS

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