Sam Bankman-Fried, CEO of FTX and currently serving as Interim CEO of FTX Japan, said: The acquisition not only gives us a technological advantage, but also allows us to work directly with Japanese regulators in a transparent, constructive and positive manner. With the launch of FTX Japan, FTX will be able to provide the Japanese…
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One pressing issue is shadow banking which is a type of banking system where financial activities are facilitated by unregulated intermediaries. Shadow banking using cryptocurrencies became a significant issue following the collapse of the stablecoin project Terra. It promised a return of up to 20% for USD-pegged stablecoin deposits. She added: I think what I’m…
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Caleb Lim, Senior Investment Manager at Huobi Group, added: Currently, only about half of Latin American’s population own bank accounts. Through this acquisition, Huobi Global hopes to meet this growing appetite for alternative financial services through blockchain technology. We intend to add more local fiat currencies and work with local partners to expand our ecosystem…
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The increasing demand for its modular end-to-end plug and play trading platform for digital assets and FX is driving GCEX’s fast growth seen lately. The firm’s ‘Crypto In A Box’ plug and play solution includes a technology-agnostic platform which covers regulation, custody, safety of funds, liquidity and technology (both backend and frontend). Earlier in April,…
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The Swiss firm further warned people against providing their personal information on the clone website. The company stated: Do not trust any information to be found on the website www.dukascoin.holds-coins.com. This website is a clone of www.dukascoin.com website and its purpose is to induce individuals to reveal seed phrases to their crypto wallets. Do not…
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Before that, White served as global head of electronic markets within the fixed income division at Morgan Stanley, during which time she automated interest rate trading. Nicola White, CEO of B2C2 USA, said: I’m delighted to be leading our U.S. operations and look forward to working with the global team to build out B2C2’s already…
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Nadine Chakar, head of State Street Digital, said: We are very excited to welcome both Rob and Nitin to the State Street Digital team. They each bring deep expertise, proven track records in supporting the growth of technical teams, cutting-edge research, and creating market differentiating capabilities in digital markets. Both will be critical as we…
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The news follows the crypto exchange’s authorization to operate its digital asset trading platform in France, revealed in the beginning of May. The new Digital Asset Service Provider (DASP) registration allows Binance to facilitate digital asset custody, let users buy and sell crypto and help to exchange digital assets for each other. The approval was…
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The charges the regulator brought against the defendants were for soliciting the funds for investing in digital assets and other instruments. The defendants were also charged with operating an illegal commodity pool. The scheme According to the CFTC’s complained the defendants used a website, YouTube videos, and other means to solicit the money. However, the…
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DTTcoins launched in March 2022 in Dubai. Ead added: For the past year, we have worked diligently to develop a crypto exchange that appeals to institutional traders as well as individual investors, which we meticulously designed based on traders’ experience. We aim to help them tackle all the challenges they have faced in the past…
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