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Nalezeno "NY State": 1773

Silvergate's Collapse May Spell Regulatory Trouble for Crypto


Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday

Pakistan Banks to Use Blockchain Technology for KYC


Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated...

Prosecutors’ Case Against FTX’s Sam Bankman-Fried Becomes Clearer


Federal prosecutors have shared more information about their case against FTX founder Sam Bankman-Fried. Between two new indictments and civil suits against another former FTX executive, we now have a much clearer picture about what the Department of Justice thinks it has

Puerto Rico Defines Act 60 Tax Exemptions for Blockchain Companies


The Economic and Commerce Development Department of Puerto Rico (DDEC) has issued a document in which it defines the rules that blockchain projects must follow to receive tax benefits that the state offers companies. The action seeks to create an “atmosphere of certainty and stability”...

Nigerian Cash Crisis: Benue State Residents Resort to Barter Trade


Faced with cash shortages caused by the central bank’s currency policies, traders in the Nigerian state of Benue have reportedly resorted to barter trading. Traders from the state have implored the Nigerian government to consider rescinding the Central Bank of Nigeria’s naira redesign...

Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown


Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase...

Indonesia Targets Mid-2023 for its State-Backed Crypto Exchange


Indonesia aims to launch its much-anticipated state-backed crypto exchange by mid-2023, according to the country's Commodity Futures Trading Regulatory Agency (Bappebti), which currently oversees digital assets. In a recent interview, Didid Noordiatmoko, head of Bappebti, said that the...

Everything Shown At Sony's Latest State Of Play


It’s been a minute since Sony’s last State of Play showcase, and PlayStation fans have been hungry for new updates and big reveals on the PlayStation 5's future. What they got today was not that. Resident Evil 4, Street Fighter 6, and more known quantities all got fresh trailers, while...

US State Regulator Launches Crypto Scam Tracker


The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker...

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