Thursday, February 27, 2025
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Binance will ‘work with regulators’ as it expands, says CEO

Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters.According to a Tuesday report from Reuters, Zhao, also known as CZ, hinted Binance would depart from its decentralized approach to finance and coordinate with

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Alabama regulators accuse BlockFi of offering unregistered securities

The state of Alabama has become the second state in the United States to raise concerns over BlockFi, a major cryptocurrency lending platform.The Alabama Securities Commission (ASC) has issued a show cause order to New Jersey-based company BlockFi, ASC director Joseph Borg officially announced Wednesday.Already facing a cease and desist

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Philippine power firm looks to regulators to drive blockchain electricity trade

The head of a Philippine electricity generator and distributor says that blockchain-enabled trading of electricity can thrive in the country, so long as the right regulatory environment exists.   Emmanuel Rubio, president and CEO of Aboitiz Power, told the Manila Bulletin blockchain offered an opportunity in the electricity market, particularly

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Stablecoins present new dilemmas for regulators as mass adoption looms

Stablecoins present peculiar challenges to regulators. Although there is no single, agreed-upon definition of a stablecoin, the common denominator of the commonly used definitions is that stablecoins are designed to maintain a stable value in relation to a specified currency, asset or pool of such currencies/assets. They are contrasted with

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