CommEx Denies CZ Involvement In Binance Russia Purchase Deal
CommEx, Binance Russia’s mysterious buyer, has continued to deny Binance’s ownership involvement, although it has onboarded some ex-Binance employees. On September 29, CommEx reminded the community in an open letter that the company is not owned by Binance, which proclaimed its exit from Russia by selling it to CommEx. “Although we do not disclose our […]
CIB Raids Fintech Festival Thailand Amid Regulatory Enforcement
The Central Investigation Bureau (CIB) in Bangkok disrupted the Fintech Festival Thailand 2023, a major event in the fintech industry, by raiding the venue and detaining several individuals. The CIB’s action reflects Thailand’s strict regulation of financial entities and digital asset service providers. How the CIB Interrupted the Fintech Festival Thailand 2023 The Fintech Festival […]
Hong Kong, Macau Police Arrest Individuals in JPEX Fraud Case
Hong Kong and Macau authorities recently announced arrests concerning the JPEX crypto exchange fraud case as they are searching for additional suspects. Radio Television Hong Kong reported on September 29 that two Hong Kong men implicated in the JPEX case were arrested. According to the report, the two created accounts in Macau-based casinos to allegedly […]
Ripple Joins Georgia’s CBDC Project as Potential Tech Partner
Ripple, a leading provider of blockchain solutions for cross-border payments, has been selected by the National Bank of Georgia (NBG) as one of the nine potential technology partners for its second Central Bank Digital Currency (CBDC) pilot project. Ripple aims to leverage its expertise in digital currency systems and collaborate with NBG to develop and […]
Gemini Quits the Dutch Market Due to Compliance Issues
Gemini, a leading crypto exchange based in New York, has announced that it is suspending its services in the Netherlands due to the requirements imposed by the Dutch central bank. Gemini says that it hopes to return to the Dutch market after complying with the new EU rules on crypto assets. The Dutch central bank, […]