Breaking: Binance Hires Two Former FATF Executives as Regulatory and Compliance Advisor

Binance, the world’s leading cryptocurrency exchange by trading volume has hired two former FATF executives as its regulatory and compliance advisors. The new appointees include former FATF Executive Secretary Rick McDonell and former Head of the Canadian delegation to the FATF Josée Nadeau. As Bitcoin hodlers worry about FATF regulations, the world's largest Bitcoin exchange,

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China Offers Global Regulatory Guidelines For CBDC

China has proposed a set of global guidelines on Central Bank Digital Currencies (CBDC) to help other central banks towards the development of their respective CBDCs. The announcement comes in the wake of many western countries showing great interest in launching their sovereign digital asset as the world moves towards a more digital future in

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After Bitcoin and Doge Elon Musk All Set to Pump “DeFi”

Elon Musk is notorious for shilling Dogecoin quite often and Bitcoin a few of the times post-Tesla’s $1.5 billion Bitcoin purchase. However, now he has set his eyes on the defi market, the biggest success story from the crypto space in 2020. Musk tweeted Don’t  defy Defi Don’t defy DeFi — Elon Musk (@elonmusk) March

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Reserve Rights [RSR]: Insights & Why RSR Is a Good Investment For Q2 ’21 and Beyond

What’s special about Reserve Rights Token (RSR)?  RSR – Reserve Rights is a utility token of the Reserve Protocol for a stablecoin built on the Ethereum network. When the Reserve Right’s team wanted to build a long-term stablecoin, they made several design decisions, including an asset peg bound to a fiat currency for a short

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$306 Billion Sovereign Wealth Fund Temasek Buying Bitcoin since 2018: Raoul Pal

Temasek, a Singapore sovereign wealth fund with over $306 billion portfolios has been buying Bitcoin from miners, revealed Global Macro Investor Raoul Pal during a recent podcast appearance. Pal also claimed that governments have been enquiring about buying Bitcoin as well. Sovereign wealth funds dwarf everyone else…and the are coming. #wallofmoney — Raoul Pal (@RaoulGMI)

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Indian Corporates Will Now Have To Disclose Their Crypto Holdings To the Government

In the latest developments within the Indian cryptosphere, it turns out that Indian corporates might have to report their cryptocurrency holdings to the government. India’s blockchain lawyer Varun recently shared a draft image, the access to which is still missing. However, Varun states that as per the Standard Scheduled III Balance Sheet, companies reporting with

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Is Indian Govt. Planning to Tax Crypto? Indian Companies Asked to Disclose Crypto Investments

Indian companies from now on might require to disclose their crypto holdings in their Standard SCH III balance Sheet reporting with the Ministry of Corporate Affairs under the company’s act 2013. The said piece of regulation would impact almost every company that has registered through the company’s Act and is believed to have got the

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CBOE Makes A U-Turn on Crypto Product Offerings As CEO Sees Market Opportunity Ahead

Smelling a huge market opportunity ahead, CBOE  is looking to get back with its cryptocurrencies offerings. The Chicago Board Options Exchange (CBOE) is one of the early players in the crypto space. Back in December 2017, CBOE was the first to launch its Bitcoin futures cash-settled contracts in competition with the CME. However, in June

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Bitcoin (BTC) Corrects 5% Below $53,000 Despite Fidelity Filing for Bitcoin ETF

The world’s largest cryptocurrency is currently under pressure as the BTC price tanked 5% from Wednesday’s levels of around $57,000. This has pushed the BTC price sub $53,000 as the cryptocurrency’s valuations drop below $1 trillion. Interestingly, the recent BTC price correction comes despite financial giant Fidelity Investments applied for a Bitcoin ETF late Wednesday,

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Ripple Price Forecast: XRP explores downstream levels amid the hunt for higher support

Ripple rejected at the resistance between $0.55 and $0.6, resulting in declines to $0.45. The MACD has reinforced the downtrend following the dip to the zero line on the 4-hour chart. Ripple made an about-turn move following the failure to sustain gains above $0.55. Initially, the cross-border token had stepped above $0.6, but again the

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