Coinbase Aims to Stay in Canada; Binance Could Be Poised to Exit Amid Regulatory Shakeup
The moves come as the country tightens rules for cryptocurrency exchanges. Original Source
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Regulatory
Ethereum bulls ignore regulatory action against exchanges by preparing for the Shapella hard fork
For the past twelve days, the price of Ether (ETH) has been trading in a narrow descending range. Surprisingly, not even the news of Binance and Changpeng "CZ" Zhao being sued by the Commodity Futures Trading Commission (CFTC) was enough to break the support level. Ether (ETH) price index in USD,
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Kraken Lands Sponsorship Deal With Williams Racing Despite U.S. Regulatory Crackdown
Formula 1 team Williams Racing signed U.S. crypto exchange Kraken as a sponsor after losing one of its most prominent drivers, Nicholas Latifi, who reportedly earned the team a large amount of sponsorship fees. Original Source
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Binance and CZ sued by CFTC over US regulatory violations
The United States Commodity Futures Trading Commission has filed suit against Binance and CEO Changpeng “CZ” Zhao for trading violations, according to a Bloomberg report. The suit was filed in the U.S. District Court for the Northern District of Illinois.According to the CFTC, Binance failed to meet its regulatory obligations
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Regulatory Pressure Did Not Shut Down Ethereum Privacy Tools zk.Money, Aztec Connect, Founders Say
In March 2021, Aztec launched its first product – zk.money – a basic software for private transactions on the Ethereum blockchain. In July 2022, a sister product, Aztec Connect, was launched. Both products will be shut down simultaneously, Aztec said. As of Friday, Aztec Connect had little over $20 million
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Taiwan’s Crypto Industry Welcomes Regulatory Announcement
“Our next steps would be for the virtual asset service provider industry to collaborate with the FSC to define regulatory operations,” he said, saying one of the first steps is to form an industry self-regulatory body to help develop a set of rules. Source
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Blackrock CEO Warns More Bank Seizures and Shutdowns Could Result From Regulatory Changes – Economics Bitcoin News
The CEO of Blackrock, the world’s largest asset manager, has warned about additional bank seizures and shutdowns that could result from regulatory changes in response to the failures of several major banks in the U.S. “It does seem inevitable that some banks will now need to pull back on lending
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USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s
Recent turmoil in the traditional banking sector, culminating in USD Coin (USDC) losing its peg, could negatively affect stablecoin adoption and potentially increase calls for regulation, argued credit rating agency Moody’s Investors Service. In its latest “Sector Comment” report published on March 16, Moody’s says fiat-backed stablecoins could face new resistance
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Senator Warren says Fed chair ‘has to recuse himself’ from reviewing regulatory failures
Massachusetts Senator Elizabeth Warren, one of the more prominent anti-crypto voices in the United States Congress, has called on Jerome Powell to recuse himself amid an internal probe at the Federal Reserve.Speaking to reporters in Washington D.C. on March 15, Warren said Powell had led “the de-regulatory movement” at the
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Anchorage Digital Sends Home 75 Employees amid Crypto Regulatory Uncertainty
Anchorage Digital was the first federally chartered crypto bank in the United States after it raised $350 million at more than $3 billion valuation in 2021. Anchorage Digital, an institutional-grade cryptocurrency platform, has reportedly sent home 75 employees, representing 20 percent of the total workforce. According to a report by
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