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FTX debtors report reveals cryptocurrency exchange owed customers $8.7 billion
Jun 26,2023
FTX Trading Ltd. and its affiliated debtors have released a second report detailing the commingling and misuse of customer deposits at FTX.com by the previous management team. The report have identified that cryptocurrency exchange owed customers aro...
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Regulatory authority demands immediate suspension of Binance's operations in Belgium
Jun 26,2023
The Financial Services and Markets Authority (FSMA) has issued an order to Binance, a virtual currency service provider, to immediately cease all operations related to virtual currencies in Belgium. The FSMA identified that Binance was offering excha...
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Antigua & Barbuda pass Digital Assets Business Bill 2020
Jun 25,2023
On 18 June, Antigua and Barbuda formally added the Digital Assets Business Bill 2020 to its statutes books providing a new regulatory framework for stakeholders in the digital assets industry including businesses, clients, and customers. Antigua is q...
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The BIS anual economic report: Tokenisation of money and assets, a blueprint for the future monetary system
Jun 23,2023
The annual Bank for International Settlements (BIS) report for 2023, is focused toward the tokenisation of the markets and ideas of unified global ledger that can serve as a global settlement level. Acording to the report, tokenisation of money and a...
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Facebook lift the ban on cryptocurrency advertising
Jun 21,2023
Facebook revised its policy regarding the advertisement related to cryptocurrency. Company is reverting their ban imposed earlier this year. Nevertheless, ban of ICO marketing will stay imposed. Facebook advertising page demand thewritten confirmatio...
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IMF working on a new central bank platform for digital currencies
Jun 20,2023
At a conference with African central banks in Rabat, Morocco, International Monetary Fund Managing Director (IMF) Kristalina Georgieva announced the organisation's plan to develop a platform for central bank digital currencies (CDBCs). As addressed i...
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Facebook not allowed to launch Libra in India
Jun 20,2023
Libra the cryptocurrency and Calibra the digital wallet, expected to be launched by Facebook next year, will not be available in India, since the current regulations of the Reserve Bank of India (RBI) do not permit the use of banking networks for blo...
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Facebook presents timeline to introduce digital currency Libra
Jun 18,2023
On June 18th 2019, Facebook announced the official launch of digital currency called Libra, by releasing the technical documentation, White Paper and the test-net for developers. Libra website is live and offers the landing spot for questions related...
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Cyber attack on a Decentralized Autonomous Organization
Jun 17,2023
In a recent cyber attack, an attacker has taken anestimated$60 million in Ethereum's digital money (Ether) by exploiting vulnerabilities in the Decentralized Autonomous Organization, an investment collective. Ethereum is offering the new way of digit...
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Iran is drafting a proposal for the digital currency regulation
Jun 16,2023
Iran's National Center for Cyberspace will finalise the draft proposal after reviewing work of regulatory commissions. These commissions will be looking at the financial and security issues.The future strategy is still to be decided but according to ...
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All that glitters is not gold: The high cost of leaving cryptocurrencies unregulated
Jun 13,2023
The UN Conference on Trade and Development (UNCTAD) published a policy brief on the high cost of leaving digital currency unregulated in developing countries. The report explores the risks and costs, reasons for the uptake of cryptocurrencies in deve...
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Financial regulator in Nigeria orders Binance to halt operations in the country
Jun 12,2023
This week, Nigeria's markets regulator has ordered the world's largest cryptocurrency exchange, Binance, to halt its operations in the country. The move follows Nigeria's central bank's decision in 2021 to ban banks and financial institutions from de...
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