Thursday, May 9, 2024
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Binance under scrutiny, increased enforcement amid growing scams, Pepe’s drama

This week, Binance takes the spotlight amid allegations of market manipulation and sanction violations. Meanwhile, regulators ramp up enforcement actions against a backdrop of crypto-related crimes — the latest involving Pepe Coin. Binance’s SEPA concerns Binance emerged as a focal point of attention this week, owing to a sequence of circumstances.  The official

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Nigerian crypto exchange’s token launch draws scrutiny

Patricia, a Nigerian cryptocurrency exchange, has revealed the introduction of its own native token named Patricia Token (PTK). However, the launch has generated more doubt than applause within the local cryptocurrency community.Native tokens are digital assets that are specific to a particular blockchain platform or cryptocurrency exchange. They are created

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Worldcoin (WLD) Regulatory Scrutiny Grows as Argentina Opens Investigation

According to the AAIP, an entity like Worldcoin must register with the AAIP, provide information about its data processing policy, and indicate the purpose for collecting sensitive data and the retention period for such data. Additionally, the agency requires details of the security and confidentiality measures applied to safeguard personal

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Nexo joins sanctions association as regulatory scrutiny increases

As regulatory scrutiny continues to circle the wider Web3 ecosystem, cryptocurrency lending platform Nexo will look to leverage training resources, connections and data by joining the association of certified sanctions specialists (ACSS).The association offers training and certification for sanctions professionals across a variety of industries including financial institutions, international corporations,

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Binance cancels registration in the UK amid regulatory scrutiny

Troubled cryptocurrency exchange Binance continues to withdraw from major markets amid the ongoing pushback from global regulators.Binance Markets Limited (BML), Binance’s United Kingdom-based subsidiary, has officially canceled registration with the Financial Conduct Authority (FCA).After deregistration, no Binance entity is authorized by the FCA to provide any services in the United

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