Category: Exchange
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US Treasury Charges Bittrex of violating sanctions, and the cryptocurrency exchange agrees to make a deal with the regulator
The Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) of the U.S. Treasury department announced on October 11 that charges against the cryptocurrency exchange Bittrex had been resolved. Between March 2014 and December 2017, the cryptocurrency exchange was charged with breaking sanctions and failing to “implement effective sanctions compliance controls.”…
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Google Cloud and Coinbase collaborate to accept cryptocurrency payments and advance Web3 innovation.
In order to advance Web3 innovation, Google Cloud and Coinbase have announced a partnership. This partnership includes using the cryptocurrency exchange to accept cryptocurrency payments. Coinbase CEO Brian Armstrong said, “We are thrilled Google Cloud has chosen Coinbase to help bring Web3 to a new set of users and provide potent solutions to developers. Google…
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Binance opens a local office and registers in New Zealand
Similar steps toward global expansion by Binance have recently been taken, among others, in France, Italy, and Spain. Exchanging cryptocurrencies An email announcement states that Binance has established Binance New Zealand and registered as a financial service provider in New Zealand. The registration was submitted to the Ministry of Business, Innovation, and Employment (MBIE) of…
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Investors in cryptocurrencies are urged to use caution as authorities look into exchanges, says the Indian Finance Minister.
As the country’s Enforcement Directorate (ED) looks into several cryptocurrency exchanges and freezes the assets of some trading platforms, India’s finance minister has issued a warning to investors about cryptocurrencies. Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned the public and entrepreneurs…
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Kazakhstan Issues In-Principle Approval for Crypto Exchange Binance to Operate
As a preliminary step toward obtaining a license to operate as a digital asset trading facility and custody provider in the Astana International Financial Centre, cryptocurrency exchange Binance has received preliminary approval from the Astana Financial Services Authority (AFSA) to operate in Kazakhstan (AIFC). The independent financial technology regulator AFSA is the first in the…
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Colombia Takes First Steps Towards Cryptocurrency Exchange Regulation
In its first meeting, Colombia’s Congress approved a bill that regulates the behavior of cryptocurrency exchanges in the country, taking the first steps toward bringing clarity to this issue. Mauricio Toro, a Green Party representative and one of the bill’s creators, stated that the bill is needed to protect users from Ponzi schemes and provide…
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Coinbase’s hiring is slowing due to the market downturn.
Coinbase, the largest crypto exchange in the United States, is slowing hiring, citing the current market downturn as a reason to reconsider its staffing strategy. The trading platform’s management believes that the move will allow it to better match its hiring needs to its business objectives. Coinbase, a cryptocurrency exchange, has changed its staffing plans.…
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Bitso, a Mexican cryptocurrency exchange, has launched a stable yield program.
The cryptocurrency exchange based in Mexico, Bisto, is expanding its crypto investment options. Customers will now be able to earn money simply by holding bitcoin or stablecoins in the company’s wallet. The Bitso+ program, which is designed to help customers combat inflation in Latam, will offer different yields based on the amounts deposited by users. Bitso,…
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The CME Group, a leading derivatives exchange, has launched micro bitcoin and ether options.
Micro-sized bitcoin and ether options have been launched by the CME Group, one of the world’s largest derivatives marketplaces. According to a CME executive, “the launch of these micro-sized options builds on the significant growth and liquidity we’ve seen in our micro bitcoin and micro ether futures.” CME Group announced Monday that it is now…