Cryptocurrency Analysis and News Portal
U.S. prosecutors are trying to prevent Changpeng Zhao from returning to the United Arab Emirates before his sentencing. The Department of Justice (DOJ) has pressed a Seattle federal judge on Nov. 22 to require Binance founder Changpeng Zhao to stay in the U.S. before his sentencing, Reuters has reported, citing a
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A new bill in the United States aims to require cryptocurrency service providers to report all blockchain transactions to a government repository.On Sept. 28, U.S. Representative Don Beyer introduced the “Off-Chain Digital Commodity Transaction Reporting Act,” requiring trading platforms to report all transactions to a repository registered with the Commodity Futures Trading
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Financial Sector Conduct Authority (FSCA) of South Africa has made an announcement, stating that all cryptocurrency exchanges operating within the country must obtain licenses by the end of the year. Already around 20 license applications have
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Singapore’s central bank is introducing new measures to improve investor protection and market integrity in the cryptocurrency industry.On July 3, the Monetary Authority of Singapore (MAS) announced new requirements for crypto service providers to hold customer assets into a statutory trust by year-end.“This will mitigate the risk of loss or
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KuCoin CEO noted that the increased adoption of cryptocurrency has pushed the number of related security issues higher. Leading cryptocurrency exchange KuCoin has introduced additional checks to its KYC verification process. In a bid to comply with global anti-money laundering regulations, the firm announced the KYC system upgrade on June 28.
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The FATF requires virtual asset service providers to implement the same preventive measures as financial institutions, including customer due diligence, record keeping and reporting of suspicious transactions, and adhere to its travel rule – which requires crypto service providers to collect and share information on transactions above a certain threshold. Source
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In summary, the market environment continues to be fluid, and there is no clear winner on either side. Ultimately, the coexistence of CBDCs, tokenized deposits and stablecoins hinges on striking the right balance to meet customers' needs and ensuring trust in their redemption as payment transactions. This coexistence should be
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There are various factors behind the trend of high-paying IT jobs not requiring a degree, such as the industry’s focus on practical skills and experience, and the significant demand for talent in the field. Employers often value candidates who can demonstrate their skills through real-world projects and specialized certifications, rather
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The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of nonfungible tokens (NFTs). As mainstream financial institutions begin to provide services related to Web3, crypto and NFTs, they would be custodians of client
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Tech jobs that do not require coding are important for several reasons. Firstly, they provide opportunities for individuals who may not have the technical background or interest in coding to work in the tech industry. This can help diversify the industry and bring in fresh perspectives and skill sets. Additionally,
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