Binance Hit with $4.4 Million Fine by Canadian Regulator Amidst Compliance Concerns

by Александр Пирогов | May 10, 2024 | Blog News

Binance, the world’s largest cryptocurrency exchange, faces mounting regulatory woes as Canada’s financial regulator, FINTRAC, imposes a hefty fine of C$6 million ($4.4 million). The penalty stems from alleged violations related to anti-money laundering...

Tether Fires Back at Deutsche Bank’s Stablecoin Concerns, Defends Transparency Amid Growing Regulatory Scrutiny

by Александр Пирогов | May 10, 2024 | Blog News

Deutsche Bank Research has stirred controversy within the financial realm by scrutinizing stablecoins, particularly focusing on Tether’s USDT. The report, examining 334 historical currency pegs dating back to 1800, revealed that only 14% have maintained...

US House Introduces Bill to Temporarily Ban Cryptocurrency Mixers

by Александр Пирогов | May 9, 2024 | Blog News

A new bill introduced in the United States House of Representatives aims to impose a two-year ban on cryptocurrency mixers, known as the Blockchain Integrity Act. Led by five Democratic congresspeople, spearheaded by Sean Casten, the bill targets what they define as a...

Rwandan Central Bank Pursues Ambitious Retail CBDC Project

by Александр Пирогов | May 9, 2024 | Blog News

The National Bank of Rwanda (BNR) is forging ahead with plans for a retail Central Bank Digital Currency (CBDC), marking a significant step towards Rwanda’s goal of transitioning to a cashless economy. The BNR recently completed a feasibility study on the retail...

House Votes to Nullify SEC’s Anti-Crypto Banking Guidance SAB 121

by Александр Пирогов | May 9, 2024 | Blog News

In a significant move, the United States House of Representatives has passed a bill aimed at overturning the controversial Securities and Exchange Commission (SEC) guidance that restricts banks from holding crypto assets. Known as Special Accounting Bulletin 121 (SAB...

Germany’s KfW to Issue First Blockchain-Based Digital Bond

by Александр Пирогов | May 9, 2024 | Blog News

Germany’s Kreditanstalt fuer Wiederaufbau (KfW), the country’s third-largest state-owned bank, is poised to take a significant step forward in blockchain adoption with its inaugural issuance of a blockchain-based digital bond, labeled as a ‘crypto...