Japan’s government and financial regulator have laid out the penalties crypto exchanges could face if they fail to comply with sanctions on Russia. Source
Japan Sets Penalties on Crypto Exchanges for Violating Russia Sanctions: Report
Category: Exchanges
U.S. Securities and Exchange Commission Rejects Two Bitcoin Spot Exchange-Traded Funds (ETFs)
The U.S. Securities and Exchange Commission (SEC) is denying applications to establish two Bitcoin (BTC) exchange-traded funds (ETFs) based on the spot market. According to documents from the SEC, the regulator is rejecting NYSE Arca’s bid to change a rule to list and trade shares of the NYDIG Bitcoin ETF. The decision comes months after the SEC designated an extended period to approve or disapprove the proposed rule change. In a separate filing, the regulator also denies Cboe BZX Exchange’s proposal to change a rule so they could do the same…
Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry – Regulation Bitcoin News
Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML policies. Government of Estonia Creates Stricter Regulatory Environment for Crypto Businesses Estonia, whose banking sector has in the past been implicated in the processing of billions for suspicious Russian clients, is now taking steps to close the loopholes that could allow Russia, its elites,…
Crypto Exchange Platform Airdrops LeBron James-Themed NFT Collection to Observant Viewers of Super Bowl Ad
Crypto exchange platform Crypto.com is airdropping an exclusive non-fungible token (NFT) collection to hawk-eyed viewers of their commercial during the Super Bowl. In a new blog post, the company announced that they would be airdropping NFTs that capture key moments of NBA superstar LeBron James’s career to observant fans who noticed a QR code easter egg during their Super Bowl advertisement. The easter egg appeared during the commercial as a QR code hidden amongst a young James’ possessions. Fans who followed the code were taken to a secret webpage where…
New Ethereum Competitor Surges After Surprise Listing on Leading Crypto Exchange Binance
A new top-100 Ethereum-competing blockchain is surging after a sudden listing from the world’s largest cryptocurrency exchange. Yesterday, Binance announced support for Kadena (KDA), a hybrid blockchain platform utilizing both a private and a public chain protocol. Kadena is a hybrid blockchain platform that has a private chain protocol called Kuro and a public chain protocol called Chainweb. Users can enjoy the security controls of a private blockchain and the decentralization benefits of a public blockchain. The KDA token fuels transactions on and secures the network. According to the Binance announcement, “Binance…
Bank of Israel issues draft guidelines on cryptocurrency AML/CFT
On March 10, the Bank of Israel published draft regulation of anti-money-laundering and combatting the financing of terrorism (AML/CFT) risk management for the banks facilitating crypto-to-fiat transactions. The move hints at the Israeli government’s preparations to legalize and regulate the relationship between banks and virtual currency service providers (VASPs). The document cites the customers’ increased involvement with digital assets as the rationale for the new policy: “In view of the increase in customer activity in virtual currencies, and the resulting increase in customer requests to transfer money […] the Banking…
A New Anonymous Exchange to Leverage the Power of Crypto Trading – Press release Bitcoin News
press release PRESS RELEASE. On 10 March 2022, bitoftrade, a new decentralized crypto exchange entered the market with a transparent, non-custodial solution that makes advanced trading tools accessible to any type of trader. bitoftrade allows users to get more from their crypto portfolio. The platform offers advanced trading tools such as leverage trading, limit orders and token swaps between over 900 tokens with optimized market prices directly from their wallets without registration or KYC verification. The last couple of years have seen fast-growing demand for crypto exchanges. During this time,…
Here’s Why Russian-Issued MasterCard and Visa Cards Are Now Unusable on Binance Crypto Exchange
Crypto exchange Binance says that MasterCard and Visa cards issued in Russia cannot be used on its platform after the payments giants decided to suspend their operations in the sanction-hit country. In a statement, the exchange says that Russian-issued MasterCard and Visa cards will not work on Binance starting Wednesday, March 9th. “Effective Wednesday, 2022-03-09 21:00 UTC (Thursday, 2022-03-10 00:00 UTC+3) – due to recent decisions by Visa and Mastercard – all transactions initiated with Mastercard and Visa cards issued in Russia will be unavailable on Binance. In addition, all…
Why Decentralized Exchanges Are Important in the Crypto Economy
Not only do liquidity pools offer traders access to decentralized liquidity, they also offer investment opportunities to those wishing to stake assets in the liquidity pool. When a user swaps assets through a liquidity pool, a very small fee is paid to the individuals who are providing the liquidity. To put this in common TradFi terms, those who contribute capital to the liquidity pools essentially earn a fee similar to that of a market maker. Liquidity pools, especially new ones, offer very high yields to investors. This concept is called…
Here’s the Full Text of Biden’s Executive Order on Cryptocurrency
(b) Consistent with the goals stated in section 5(a) of this order: (i) Within 180 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of Labor and the heads of other relevant agencies, including, as appropriate, the heads of independent regulatory agencies such as the FTC, the SEC, the CFTC, federal banking agencies and the CFPB shall submit to the president a report, or section of the report required by section 4 of this order, on the implications of developments and adoption…