Cryptocurrency Analysis and News Portal
This new deal applies to around 130 staff, who will mostly get a bonus worth 42.5% of salary, paid in three installments over a year. Worth $9.98 million, this package is the right way to secure value for former customers, lawyers for BlockFi told the court. Source
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The Swedish Financial Supervisory Authority, one of the country’s financial regulatory agencies, has granted the local arm of crypto exchange Binance approval to manage and trade digital currencies.According to a Jan. 11 announcement, Binance said that following “months of constructive engagement” with the financial regulator, the FSA granted Binance Nordics AB’s
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Hong Kong's virtual asset service provider regime will be focused on investor protection, the importance of which was hammered home by the collapse of FTX in November last year, according to Leung. The now bankrupt crypto exchange was once headquartered in Hong Kong. Source
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Bankrupt crypto lender Celsius Network has attracted 30 potential bidders for its various assets, including its retail platform and mining business.According to a company presentation filed on Dec. 20, more than 125 parties have been contacted since September, with 30 potential bidders executing non-disclosure agreements — a legal contract used
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A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left out two planned tax exemptions for green mining operations and the issue of segregating customer
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“There are elements of the application that I think have merit, but ultimately, we didn't come up with a decision,” Behnam said at an event in London hosted by the Financial Times. “We were actually not even close, because there were more questions,” he added, citing issues of law, policy
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“Certain crypto assets and distributed ledger technology could drive transformational changes in financial markets,” recently appointed Economic Secretary to the Treasury Andrew Griffith told the committee probing the Financial Services and Markets Bill, adding that there are also “risks to consumers and financial stability.” Source
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In a letter to the court filed on Oct. 18, Voyager debtors said the sale to FTX US would allow customers to recover around 72% of the value of crypto held in their accounts on the platform, "provides stakeholders with the best possible recovery and facilitates the most expedient resolution"
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A fintech bill, which seeks to regulate fintech and cryptocurrency-related activities in Chile, has been approved by the deputy chamber of the congress, leaving it ready to be sanctioned by the president of Chile, Gabriel Boric. According to individuals in the sector, the bill is directed to stimulate innovation and
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Most importantly, to qualify for the registry, the applicant must also provide a “registered office and, if different from the registered office, the administrative office.” If the VASP’s office is in another EU member state, a “permanent establishment” has to be set up in the Italian territory. Put simply, an
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