Binance Korea will be using an anti-money laundering solution developed by Coinfirm, as the country requires a high level of regulatory compliance for crypto. Binance Korea will be monitoring activity on its platform for signs of money laundering thanks to a solution developed by Coinfirm. The partnership, announced on June 1, will help Binance’s Korea […]
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As decentralized finance becomes a principal focus for both investors and companies alike, custodians will ease their entry, making DeFi the future of finance. The future of finance is decentralized. Striving to facilitate that prognosis, decentralized finance — or DeFi — is quickly shaping into an alluring prospect for investors and companies alike. Looking to […]
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Here are the legal resources available to Indian crypto users and businesses if a bank has declined services out of cryptophobia. In a recent response to a Right to Information query, the Reserve Bank of India, the Indian central bank, has stated that there is no prohibition on banks to provide bank accounts to cryptocurrency […]
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InCore bank becomes the first Swiss business-to-business bank approved by the financial watchdog to operate with digital assets The Swiss Financial Market Supervisory Authority, or FINMA, has authorized InCore bank to carry out digital assets transactions, allowing customers worldwide to access and transact within the bank. The official announcement represents an important step in creating […]
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Using regulation to one’s advantage is the main factor of an innovative fintech business. The best way to achieve it is closely monitoring the shifting regulatory landscape. Regulations are not going anywhere. On the contrary, financial service providers face more regulatory challenges and higher costs than ever before. During the early days of cryptocurrencies, a […]
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A U.S. think tank working towards a digitized dollar has released a white paper detailing inaugural aims and use cases for a central bank digital currency. On May 28, the Digital Dollar Project released its white paper, a 30-page document detailing the potential applications of a CBDC. The white paper continues the nascent think tank’s […]
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The crypto community has laughed off Goldman Sachs’ outdated analysis, with the Bitcoin price increasing more than 8% since. Crypto traders aren’t taking advice from Goldman Sachs — with Bitcoin up by more than 8% since the investment bank slammed BTC in an investors call. Bitcoin has increased from the $8,800 mark to $9530, with […]
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IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation. Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, believes that a synthetic private-public partnership could be the best way forward for a central bank digital currency. Mancini-Griffoli, the IMF’s Monetary capital markets department deputy division chief, joined the Money Movement’s […]
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Bitcoin price manipulation, money laundering and racketeering are just some of the complaints against BitMEX, but is there any merit to them? BitMEX, one of the most popular derivatives exchanges in the cryptocurrency market, has come under fire with accusations of being purposefully designed to facilitate “a myriad of illegal activities.” The accusations were made […]
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Leading Bitcoin fund manager Grayscale Investments explains in its recent report that viewing CBDC as a Bitcoin replacement is incorrect. Leading cryptocurrency fund manager Grayscale Investments explained some fundamental differences in the nature of central bank digital currencies (CBDC) and Bitcoin (BTC). In a recent report, Grayscale suggests that CBDCs are an upgrade to the […]
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