India enforces anti-money laundering laws on crypto transactions
The government of India has taken yet another step toward regulating digital assets by imposing money laundering rules on the crypto industry. While needing Anti-Money Laundering (AML) requirements for cryptocurrency is nothing new, it is only now that the Indian government has chosen to inform all interested parties of the requirement to abide by the […]
Binance Expands Proof Of Reserves Report With 11 New Tokens
By introducing 11 new digital currencies, Binance has boosted the number of assets supported by its proof-of-reserves (PoR) mechanism. Among the new tokens are Dogecoin, Curve DAO Token, and 1inch. According to the most recent update, the value of all cryptocurrencies in the PoR system exceeded $63 billion, according to the crypto trading site. In […]
Silvergate Seeks Assistance From US Congress Agency
Silvergate Capital is in discussions with the US FDIC to receive advice on how to stay afloat as its financial problems get worse. One of the many victims of Sam Bankman-Fried’s FTX exchange collapse, Silvergate Capital, recently met with FDIC representatives at its California headquarters to discuss methods to overcome its escalating financial difficulties and […]
Missouri Approves Bill To Safeguard Cryptocurrency Mining
The U.S. state of Missouri passed the “Digital Asset Mining Protection Act” on March 7 to protect the rights of crypto miners. The measure prohibits local units and states from stopping crypto mining nodes from working. According to the bill’s summary: “The Digital Asset Mining Protection Act precludes the state and political subdivisions from prohibiting […]
Binance.US To Buy Voyager Digital’s Assets
According to a March 7 Bloomberg story, a New York bankruptcy judge has permitted Voyager Digital to sell its assets to Binance.US. According to Judge Michael Wiles’ decision, the two parties to the proposal may try to finalize the transaction and transfer the pertinent crypto assets. Voyager must now choose whether to proceed with the […]