New York Proposes "Landmark" Crypto Law For Strongest US Regulations
New York State Attorney General Letitia James has proposed the "Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act," a bill that seeks to establish comprehensive cryptocurrency regulations and safeguard consumers, investors, and the economy. The proposed measure would broaden regulatory power, enforce "know-your-customer" (KYC) standards, and prevent conflicts of interest.
Coinbase users will no longer be able to borrow fiat against Bitcoin
Starting from May 10, the option for customers to borrow up to $1 million against 40% of their Bitcoin holdings will no longer be available.
Coinbase Suspends Offering Loans Against Bitcoin Via Its Borrow Service
Coinbase has announced that it will no longer offer loans backed by Bitcoin collateral and clarified that this decision will not affect current customers.
Binance Set to Begin Operations in Japan with Rebranded Sakura Exchange BitCoin
Binance is set to launch operations in Japan as Binance Japan, following its acquisition of Sakura Exchange BitCoin. Despite regulatory hurdles, the company's strategic expansion focuses on compliance, diversified offerings, education, and corporate social responsibility.
XRP Lawsuit: How New US Supreme Court Move Could Help Ripple
The future of the cryptocurrency market may be significantly impacted by a new consideration being made by the US Supreme Court.
Binance CEO “CZ” Warns Justin Sun & Whales Over Misusing SUI Airdrop
The CEO of Binance, known as CZ, has issued a warning to Justin Sun, cautioning him against any potential misuse of the Binance Launchpool's SUI airdrop and indicating that there will be consequences if he does so.
Bitcoin Fraud Unraveled: CFTC Secures Record $3.47 Billion Judgment Against South African Mastermind
The CFTC has announced a record $3.47 billion judgment against Cornelius Johannes Steynberg, the mastermind behind a massive Bitcoin (BTC) scam involving Mirror Trading International Proprietary Limited (MTI). Steynberg faces severe consequences, including a permanent ban from CFTC-regulated activities. The case involved collaboration from multiple international organizations.
Coinbase CEO Hits Back At U.S. SEC, Says “Coinbase Does Not List Securities”
Coinbase issued an official response to a Wells Notice from the SEC on Thursday, which coincided with a video released by Gary Gensler criticizing crypto platforms.
Binance.US Has Abandoned Its Plans To Acquire Voyager Digital's For $1.3 Billion
Binance.US has abandoned its plans to acquire Voyager Digital's assets due to regulatory hurdles in the United States, leaving the future of the bankrupt crypto lender uncertain. Federal and state regulators objected to the deal, arguing it might violate securities laws and registration rules. The situation highlights the need for a clear and uniform legal framework in the United States, as well as open communication between industry players and regulatory agencies.
Exploring the Role of Cryptocurrencies in the Evolution of E-Commerce and Online Transactions
Cryptocurrencies have become a popular alternative to traditional fiat currencies in e-commerce, offering faster processing times and lower transaction fees. They provide enhanced security and privacy through the blockchain and can promote financial inclusion. Digital tokens and decentralized finance have revolutionized investment opportunities, while smart contracts automate transactions and improve supply chain management. However, regulatory challenges, scalability, and infrastructure development must be addressed for cryptocurrencies to reach their full potential in e-commerce.
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