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Recently, Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria, made serious allegations against Binance. According to local media reports, Akinwumi accused Binance of engaging in transactions that are typically reserved for authorized banks and financial institutions. This accusation was made during his testimony in a lawsuit brought by the Economic and Financial
Former Solicitor General Donald B. Verrilli, who now serves as Grayscale Investments’ senior legal strategist, raised concerns about US regulators intentionally stifling the crypto industry through debanking practices. In a joint amicus brief filed with Paul Clement, Verrilli highlighted bipartisan worries regarding the regulatory environment for digital assets. The brief, filed on behalf of Custodia
Recently, the European Banking Authority (EBA) made significant updates to its Travel Rule guidelines, now including crypto service providers and intermediaries. This move is part of the EU’s ongoing efforts to combat money laundering and terrorist financing. Starting from December 30, 2024, all crypto exchanges operating within the European Union will be required to adhere
Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently made a significant move by applying for a license to operate as a Virtual Asset Service Provider (VASP). The company’s General Manager, Lin Zhichen, has been named the person in charge, with Taiwan Mobile itself being listed as the legal representative. This step has allowed
BNB has recently experienced a significant drop below the crucial $500 support mark, indicating a bearish trend in the cryptocurrency market. This decline highlights an increase in selling pressure and a growing pessimistic sentiment among investors and traders. As BNB falls below this key level, market analysts are closely monitoring for further downward movement, potentially