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The Monetary Authority of Singapore (MAS) released a proposal for a common protocol that would specify the conditions for the use of various types of digital currencies. On June 21 MAS published a whitepaper that covers technical specifications outlining the lifecycle of its new Purpose Bound Money (PBM) concept, along
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David Chapman, founder of Teddy DAO, told CryptoX that the project was inspired by an NFT sale he conducted last year, where he sold a one-of-one collectible and raised $15,000 for humanitarian aid organization UNICEF. He noted that this event not only highlighted the demand for NFT-backed charity donations but
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Reports indicate that French authorities have been investigating Binance since February 2022, which may result in more regulatory issues for the largest crypto exchange by trading volumes. This comes at a time when Binance is already
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Allegations against Binance from French prosecutors "relates on the one hand to acts of illegal exercise" of operating as a digital asset service provider and "acts of aggravated money laundering, by competition with operations of investments, concealment, conversion, the latter being carried out by perpetrators of offenses having generated profits,”
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Soft Science Economics Struggles With Hard Money Bitcoin Original Source
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Blockchain and cryptocurrency technology has taken the financial world by storm, carrying with it the risks and rewards of innovation and investment. It is natural to feel left out, it is also important to educate oneself on the risks involved, the utilities of each potential token investment and the regulatory
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied At Money20/20 in Amsterdam, a panel titled “CBDC’s: The Next Steps” discussed the potential of central bank digital currencies (CBDCs), decentralized finance (defi), and decentralized autonomous organizations (DAOs). These concepts carry significant implications for the global
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Keep your money in an insured account, not on an uninsured payment app, the United States Consumer Financial Protection Bureau (CFPB) warned Americans in a report released June 1. The increasing popularity and utility of nonbank peer-to-peer (P2P) payment apps, including for crypto asset transactions, makes the risk of loss
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“There are major inconsistencies between Qatar’s risk profile and the type and extent of terrorist financing activity prosecuted and convicted,” added FATF, a Paris-based global watchdog, which seeks to monitor and mitigate flows of dirty money, including through a controversial “travel rule” requiring the identification of participants in crypto transactions. Source
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MiCA will enter into force in a few weeks after being published in the EU’s official journal, which is likely in June. Its provisions – offering crypto exchanges and wallet providers a license to operate across the 27-nation bloc, and requiring stablecoin issuers to hold appropriate reserves – will take
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