The recent EU anti-money laundering regulations have ignited a fierce debate about the delicate balance between combating financial crime and upholding citizens’ rights to privacy and economic freedom. Stakeholders from various sectors have expressed both criticism and support for these new laws. The article in question, which initially highlighted the illegality of anonymous crypto wallets
Exchanges
Crypto exchange Binance recently announced its decision to end support for Tron network-based USD Coin (USDC) stablecoins by April 5. This move came following the news that Circle, the company behind USDC, is pulling out of the Tron blockchain entirely. Users on the Binance platform now have less than two weeks to either withdraw their
Recently, members of the Solana community and the broader crypto ecosystem have expressed their dismay over the surge in inflammatory memecoins that have appeared on the Solana network. These memecoins have been found to contain racist, antisemitic, and anti-China language, sparking outrage among users and observers alike. Solana founder and CEO, Anatoly Yakovenko, unequivocally condemned
BlackRock, a renowned asset management firm, recently announced its selection of Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). The fund aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets in the form of new
Recently, crypto exchange OKX made the decision to delist Tether (USDT) pairs in the EU, opting instead to support USDC and Euro-based stablecoin pairs. This move, as communicated to a customer on March 18, is said to be a response to the draft technical standards released by the EU that are set to take effect
Binance recently made a statement regarding its operations in Nigeria, stating that the country is not one of its top markets. This comes in the midst of a conflict with local authorities over allegations of manipulating the local fiat currency. The dispute escalated to the point where two senior executives from the exchange were detained.
Crypto.com, a prominent crypto trading platform, has recently faced a hefty fine of €2.85 million from the Netherlands Central Bank for operating within the European country without proper registration for two years. The Dutch regulations stipulate that crypto firms must register with De Nederlandsche Bank (DNB) under the Anti-money Laundering and Anti-Terrorist Financing Act to
The Nigerian government recently made headlines by obtaining a court warrant to detain Binance officials for a minimum of twelve days. This move came after the officials insisted on being taken to their respective countries’ embassies, further escalating the situation. The government’s accusations against Binance include aggravating the country’s foreign exchange challenges by manipulating rates
The relationship between Coinbase and the Securities and Exchange Commission (SEC) has hit a roadblock, with Coinbase strongly criticizing the SEC’s rejection of its rulemaking petition as “arbitrary and capricious.” This critique was put forth in a petition filed by Coinbase before the US Court of Appeals for the Third Circuit on Mar. 11. The
Coinbase, a prominent US-based cryptocurrency exchange, has experienced a substantial increase in its market share recently. This growth can be attributed to the launch of multiple spot Bitcoin exchange-traded funds (ETFs) in January. As a result of this surge, analysts at Goldman Sachs have decided to upgrade their rating on Coinbase shares from selling to
