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Coinbase CEO Brian Armstrong: China Will Benefit From Restrictive US Crypto Policies
3.6.2023
Coinbase CEO Brian Armstrong has stated China will be one of the biggest beneficiaries of how the U.S. is approaching cryptocurrency regulation. According to Armstrong, the current regulatory system drives cryptocurrency innovation offshore, while other countries like China embrace these...
Team Behind Offshore Yuan, Hong Kong Dollar Stablecoins Detained by Chinese Police: Report
31.5.2023
Earlier this year KuCoin closed a $10 million funding round into CNHC
Coinbase Opens Offshore Crypto Derivatives Exchange
2.5.2023
Coinbase International Exchange will offer trading of perpetual futures for bitcoin and ether
‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya
25.4.2023
Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors which may have attracted the SEC’s attention
Coinbase gets Bermuda license, reportedly plans launch of offshore exchange
20.4.2023
It's reported the U.S.-based crypto exchange is planning to quickly launch a derivatives exchange based in the island nation
KuCoin Has Closed a $10M Funding Round Into CNHC. But Is the Offshore Yuan Right for a Stablecoin?
15.3.2023
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round
Banking Crisis in U.S. Likely to Push Crypto Firms Offshore
14.3.2023
BlockFi appeals to cancel bankruptcy status for SBF’s offshore investment vehicle
20.2.2023
The bankrupt crypto lender asked for a court ruling to dismiss Sam Bankman Fried’s appeal for bankruptcy for his offshore investment firm Emergent Fidelity Technologies Ltd
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
18.2.2023
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed...
Bernstein Says Regulatory Backlash Will Lead to More DeFi and Offshore Crypto
13.2.2023
Regulatory overreach will spur movement toward decentralized finance apps built directly on-chain by anonymous teams, the report said
Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry
11.2.2023
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put...
Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEO
9.2.2023
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder
US Lawmaker Suggests ‘Maybe’ Crypto Should Be Banned Citing Bigger Issues Than FTX
21.12.2022
A U.S. senator has suggested that cryptocurrency should “maybe” be banned following the collapse of crypto exchange FTX. However, he acknowledged that banning crypto “is very difficult because it will go offshore and who knows how that will work.” Senator Sherrod Brown...
Coinbase CEO: Regulate centralized actors but leave DeFi alone
20.12.2022
Armstrong said that because centralized exchanges and custodians have the most risk of causing consumer harm, regulators must focus there first and foremost
US Senator: Cryptocurrency Cannot Be Stopped, FTX Collapse Isn’t an Indictment of Crypto
18.12.2022
U.S. Senator Pat Toomey says illegal actions by crypto exchange FTX must be separated “from perfectly lawful and innovative cryptocurrencies.” Emphasizing that “The collapse of FTX is not an indictment of crypto,” he noted that “cryptocurrency cannot be stopped”...
Tether Adds Offshore Chinese Yuan to Its Stablecoin Offering – China Crypto Surge Coming?
8.12.2022
Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain. ...
Tether adds offshore Chinese Yuan to Tron blockchain
7.12.2022
Tether Operations Limited (Tether) is a company that actively operates the blockchain-aided platform tether.to. The entity has taken the opportunity to make its formal announcement that they have successfully added the offshore Chinese Yuan to the Tron blockchain. Incidentally, Tether is also...
Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System
17.11.2022
The system started operating almost a year ago with the U.S. and Canadian dollars, British pound and euro and has settled over $200 billion in transactions
Unclear regulations drove 95% of trading activity offshore: Coinbase CEO
10.11.2022
The U.S. regulators are currently investigating FTX.US, Coinbase and Binance in the wake of the collapse of the FTX global crypto exchange
Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid
25.10.2022
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over...