IMF Advises Nigeria to License International Crypto Exchanges
As part of its economic reformation initiatives, the International Monetary Fund (IMF) recommends that Nigeria grant licenses to international cryptocurrency exchanges. According to a recent IMF report, aiming to solidify Nigeria’s position in the African cryptocurrency market is the objective of the country’s effort to integrate cryptocurrencies into its financial system. It is suggested that […]
Binance, KuCoin Crypto Exchanges Receive FIU Approval in India
Despite the crypto regulatory ban in India, Binance and KuCoin exchanges have obtained approval from India’s Financial Intelligence Unit (FIU). The FIU of India’s authorization of Binance and KuCoin represents a turning point in the regulatory landscape following a period of regulatory ambiguity and prior prohibitions on offshore cryptocurrency entities. This action represents a pivotal […]
ByBit Exchange to Support Notcoin Trading, Withdrawals
Cryptocurrency exchange Bybit sets to support the trading and withdrawal of Notcoin (NOT), a play-to-earn token and game incorporated as a mini-app on Telegram. On May 9, cryptocurrency exchange ByBit formally declared Notcoin’s inclusion on its platform and launched deposits immediately after that. On May 16 and 17, the exchange anticipates introducing NOT trading and […]
Former FTX Co-founder SBF Continues to Maintain His Innocence
Sam Bankman-Fried (SBF), co-founder of FTX, continues to assert his innocence despite receiving a 25-year prison sentence for fraud. In the interim, he has engaged in commodities trading, specifically sacks of rice, while he prepares his appeal. Bankman-Fried engaged in an interview with Puck News’ William Cohan on May 9, 2023. This interview marked his […]
Coinbase Sees Potential with Ethereum, USDC Integration
Coinbase is fitting itself for a future of interoperability in which one billion customers will utilize decentralized applications across blockchains owing to an ETH and USDC integration Coinbase’s Ethereum layer-2 Base blockchain will save time on Know Your Customer (KYC) and Anti-Money Laundering (AML) with identity attestation via the Ethereum Attestation service and Coinbase verification, which […]