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Kraken Becomes First Crypto Exchange to Become a US Bank


Kraken is the first cryptocurrency firm to become a bank. On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is the first SPDI bank in Wyoming and according to the Wyoming...

A New ‘Wave of Regulatory Obligations’ Over Crypto Players in EU


In what is described as the most comprehensive regulatory framework for cryptoassets to date, a leaked EU draft document reveals that both issuers of cryptoassets and providers of related activities will have to make crucial choices as they face what is described by industry experts as a “wave...

Crypto.com Aims for Its First Profitable Year Despite Asian Setback


Cryptoasset-power debit card and trading services firm Crypto.com said it is on track to end the year with its figures in the black for the first time in its history. But it will have to accomplish this feat without one of its key partners, after an accounting scandal involving the German card...

Forex Strapped Nigeria Designates Crypto Assets as Securities


The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s...

DeFi Unlocked: How to Earn Crypto Investment Income on Uniswap


The Uniswap logo. DeFi has continued to hold the crypto community's attention, cementing its position as the hottest crypto trend this year. The booming decentralized finance market unlocked a new milestone on September 1 when amounts locked in its protocols surpassed the USD 9bn, before correcting...

New Rumors On Indian Crypto Ban, Bonds on Blockchain + More News


Source: Adobe/Patange_R Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news India plans to introduce a new law banning trade in cryptocurrencies and the bill is expected to...

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