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In a groundbreaking move, the Singapore-based cryptocurrency exchange Crypto.com has joined forces with Standard Chartered, a multinational banking giant, to provide fiat services to retail users on a global scale. This partnership aims to revolutionize the way users interact with cryptocurrencies by offering seamless banking and payment solutions. Initially, the new fiat services provided by
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Japan’s Minister of Economy, Trade, and Industry, Takeru Saito, recently announced tax reforms aimed at supporting the growth of startups in the Web3 and blockchain sectors. This announcement was made during the WebX Conference, which is Tokyo’s largest event dedicated to cryptocurrencies. Saito’s goal is to create a favorable environment for innovation in Japan and
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In a bold move, NFL Rivals, the mobile game authorized by the National Football League (NFL) and the NFL Players Association, has recently announced a groundbreaking partnership with the Kansas City Chiefs. The reigning champions of Super Bowl LVIII, the Chiefs will now be represented as the “Official Mobile Game of the Chiefs” for the
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The recent Wells notice issued by the U.S. SEC to OpenSea has raised concerns about the regulation of digital assets, particularly non-fungible tokens (NFTs). The SEC has alleged that certain NFTs traded on OpenSea may constitute unregistered securities, implying that the platform itself could be in violation of securities laws. This development has sparked debates
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Pavel Durov, the CEO of popular messaging app Telegram, recently found himself in legal trouble in France. After being released from prison, he was placed under judicial supervision with strict conditions, including a hefty €5 million bond. The Paris Judicial Court charged Durov with several offenses, such as involvement in illegal transactions and money laundering.
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Congressman Wiley Nickel has recently criticized the US Securities and Exchange Commission (SEC) for its “regulation by enforcement” approach. According to Nickel, this approach undermines trust in the regulatory system and risks stifling digital innovation across the US. He has been pushing for a regulatory framework for the crypto industry to ensure customer protection. The
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Recent research conducted by TRM Labs has uncovered a troubling trend in the world of cryptocurrency ATMs. The data shows that the level of illicit activity at these ATMs is significantly higher than in the broader crypto industry. This has raised concerns among law enforcement agencies and regulators worldwide, who are now turning to blockchain
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