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Binance and the Labyrinth of Regulation

Listen to this article in podcast format. Regulation is one of the biggest topics in cryptocurrency these days. Governments and regulators had for years ignored crypto and related industries. Perhaps they thought crypto would simply vanish into the ether as quickly it had come. But the ongoing bull market has turned Bitcoin and other cryptocurrencies from fringe assets into a multi-trillion dollar asset class.
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phemex.com

What Is MonaCoin: Facilitating Decentralized P2P Transactions

Launched in January 2014 by an anonymous founder known only as Mr. Watanabe, MonaCoin (MONA) is a crypto asset designed to replace fiat currencies for peer-to-peer (P2P) transactions. MONA’s price is around $1.58 with a circulating supply of over 65 million, for a market cap of just over $103 million.
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Binance Announces Hire of Former Europol Dark Web Specialist Nils Andersen-Röed

Binance is banking on the ex Europol dark web man to lead its cyber space investigations and fish out persons looking to commit crime. Leading crypto exchange Binance announced that it hired former Europol Dark Web specialist Nils Andersen-Röed to provide security countermeasures. Röed joins Binance’s investigations and audit team, and will spearhead investigations on individuals who intend to commit crime. In addition, he will ensure the protection of user funds and work with law enforcement agencies on their investigations. Binance released a statement on Röed’s hiring which read:
BUSINESS
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decrypt.co

‘We Need a Centralized Entity’: Binance CEO Changpeng Zhao

Binance CEO Changpeng Zhao has admitted the need for a centralized headquarters. The news comes after a long line of financial services regulators taking aim at the crypto exchange. Changpeng “CZ” Zhao, CEO of Binance, has admitted the crypto exchange needs a centralized entity in order to satisfy regulators around...
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coinchapter.com

BNB tries to recover while Binance seeks to rebuild as a licensed financial institution

NEW DELHI (CoinChapter.com) — The world’s largest crypto exchange, Binance, is looking for a home. Changpeng Zhao, CEO of Binance, told the South China Morning Post that the company needs a centralized entity to satisfy regulatory norms. Binance has had a complicated relationship with financial regulators around the world. Binance’s...
STOCKS
decrypt.co

Binance Hires Former Dark Web Specialist From Europol

Binance has hired a former Europol dark web expert for its audit and investigations team. The hire comes amidst a string of regulatory controversies around the world. Crypto exchange Binance has announced the hire of Nils Andersen-Röed, a Dark Web specialist formerly of Europol. “Nils’ appointment strengthens an already strong...
PUBLIC SAFETY
irmagazine.com

FRC publishes signatories to new UK Stewardship Code

The Financial Reporting Council (FRC) has announced details of the 125 successful signatories – representing £20 tn ($28 tn) in assets under management – to its new UK Stewardship Code. Following a review process that considered organizations’ investment styles, sizes and types, 125 out of 189 applications made the FRC’s...
ECONOMY
investing.com

Binance to Halt Singapore Products After Central Bank Warning

Binance to Halt Singapore Products After Central Bank Warning. Binance intends to shut down all services in Singapore by noon September 10. The exchange claims this move is part of its goal to help create constructive crypto policies. According to MAS, Binance might have violated Singapore’s Payment Services Act. While...
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dearjulius.com

SBI Holdings to Launch Japan’s First Crypto Fund Before 2021 is Over

SBI Holdings to Launch Japan’s First Crypto Fund Before 2021 is Over. Japanese financial giant SBI Holdings is now planning to launch the country’s first cryptocurrency fund before the year is over. With this offering, the company aims to give individual investors a way to diversify their broader portfolio, reported Bloomberg.
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Fortune

Singapore becomes the latest jurisdiction to scrutinize Binance’s operations

Subscribe to Eastworld for insight on what’s dominating business in Asia, delivered free to your inbox. Binance Holdings Ltd. must stop offering services regulated in Singapore after a potential breach of local payment rules, adding to a mounting list of jurisdictions scrutinizing the world’s largest cryptocurrency exchange. Binance may be...
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NEWSBTC

IOST Is Listed on OKCoin Japan

3 September 2021, OKCoin Japan Exchange announces its official listing of IOST. The listing of IOST on OKCoin Japan marks IOST’s next important milestone in its global expansion and adoption. Specifically in Japan, in 2020, IOST has been approved by Financial Services Agency (FSA), the Trading platforms supervision Alliance in Japan, successfully become the 14th compliant token on Coincheck and the 29th compliant token in the Japanese market.
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thenationalnews.com

Singapore tells cryptocurrency exchange Binance to halt payment service

Binance Holdings must stop offering services regulated in Singapore after a potential breach of local payment rules, adding to a mounting list of jurisdictions scrutinising the world’s largest cryptocurrency exchange. Binance may be in breach of the Payments Services Act for providing payment services to, and soliciting business from, Singapore...
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banklesstimes.com

SBI To Launch Crypto Fund In Japan By December

Japanese financial conglomerate, SBI holdings, are in the process of releasing a new cryptocurrency fund that will give investors exposure to crypto. This new currency will be the first fund of its kind available to traders in Japan. Currently, Japans financial regulators, the FSA (Financial Services Agency), do not allow companies to operate crypto investment trusts. The FSA also requires a strict licencing of crypto exchanges and any crypto platforms that are looking to cooperate in the country.
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investorsking.com

Singapore Tells Binance to Halt Service in Latest Crypto Hit

Binance Holdings Ltd. must stop offering services regulated in Singapore after a potential breach of local payment rules, adding to a mounting list of jurisdictions scrutinizing the world’s largest cryptocurrency exchange. Binance may be in breach of the Payments Services Act for providing payment services to, and soliciting business from...
WORLD
ambcrypto.com

SBI holdings to launch Japan’s first crypto-fund by end of November

Japanese financial giant SBI Holdings is reportedly planning to set up one of the first crypto funds in the country. According to a report by Bloomberg, the institution aims to have a crypto fund available by the end of November. Such a fund is likely to invest in a whole host of cryptos including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and XRP, and others.
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