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Cryptocurrency exchange Binance has made history by becoming the first licensed crypto platform in El Salvador. This achievement comes after Binance received two licenses from the Central Bank of El Salvador and the National Commission of Digital Assets. The licenses obtained are the Bitcoin Services Provider (BSP) license and the non-provisional Digital Assets Services Provider
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ARK Invest CEO Cathie Wood has recently made a bold prediction that has set the financial world abuzz. Wood suggests that the United States Securities and Exchange Commission (SEC) may grant approval for multiple Spot Bitcoin exchange-traded funds (ETFs) simultaneously. This departure from the conventional sequential approval process could revolutionize the regulatory landscape and open
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Blockchain.com, a leading cryptocurrency exchange, has obtained a payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This is the second license the company has received in Singapore, following the in-principle approval granted in September 2022. With this new authorization, Blockchain.com aims to strengthen its compliance with regulators in the regions where it
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The Federal Reserve Board has taken a significant step towards regulatory oversight of rapidly advancing technologies within the banking sector with the creation of the Novel Activities Supervision Program. This program aims to oversee complex partnerships with non-banks, crypto-asset-related activities, distributed ledger technology, and concentrated provision of banking services to crypto-asset-related entities and fintechs. By
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PayPal’s recent launch of PYUSD, an Ethereum-based stablecoin, has generated mixed reactions within the crypto community. While some view it as a significant step towards mainstream adoption for Ethereum, others express concerns about the potential implications for decentralization and personal control of assets. PYUSD, also known as PayPal USD, was introduced on August 7 and
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