News

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  Federal Reserve Reports Only 7% of Americans Own Crypto, Down from Previous Years

  According to the Federal Reserve, only 7% of US adults are involved in crypto, a drop from previous years. The survey reveals varied use among demographics, including higher usage among the unbanked.

  26 May 2024
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  Central Bank of Brazil Sets Deadline for Comprehensive Crypto Regulations by 2024

  The Central Bank of Brazil will implement comprehensive crypto regulations by 2024. These new rules are designed to increase transparency and improve oversight of virtual asset service providers.

  25 May 2024
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  Genesis Reaches $2 Billion Settlement for Defrauded Investors Post-Bankruptcy

  Following its January bankruptcy, Genesis has settled for $2 billion to compensate investors who were misled by the Gemini Earn program. New York's AG Letitia James revealed the plan, emphasizing its importance for the affected parties.

  24 May 2024
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  Kraken Reaffirms Support for Tether’s USDT Amid Regulatory Concerns in Europe

  Kraken’s Global Head of Asset Growth and Management, Mark Greenberg, confirmed the platform’s commitment to supporting USDT in Europe, despite regulatory challenges posed by MiCA.

  23 May 2024
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  Turkey Introduces New Law to Regulate Cryptocurrency Market

  Ankara has introduced legislation to oversee cryptocurrency service providers. The proposed law requires crypto companies to obtain licenses from Turkey’s CMB and aims to strengthen regulatory compliance.

  22 May 2024
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  Senate Overturns SAB 121, Sparking Crypto Industry Debate

  Senator Cynthia Lummis led the resolution's passage against SAB 121, arguing it jeopardizes customers' assets during bankruptcies. Despite the Senate vote, President Biden vows to veto the resolution.

  20 May 2024
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  French Regulator AMF Warns Users About Bybit's Unauthorized Status

  Bybit is under scrutiny by the French regulator AMF, which has reserved the right to take legal action against the exchange. Bybit remains blacklisted and unauthorized to operate in France.

  19 May 2024
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  South Korea's Crypto Users Reach 6.45 Million in 2023: KOFIU Report

  KOFIU reports a 6% increase in South Korea's crypto users, reaching 6.45 million by 2023's end. The report also shows significant growth in daily trading volumes and total crypto holdings.

  18 May 2024
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  Oklahoma Legalizes Bitcoin Self-Custody and Mining

  On May 13, Oklahoma Governor J. Kevin Stitt signed HB3594, enabling Bitcoin self-custody and fostering a supportive regulatory environment for cryptocurrencies in the state. The law also legalizes digital asset mining.

  17 May 2024
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  Biden Blocks Chinese Crypto Firm's Deal Near Military Base

  National security concerns prompted President Biden to block a Chinese crypto mining firm's real estate acquisition near the Francis E. Warren Air Force Base. The firm must comply with divestment and equipment removal orders within 120 days.

  16 May 2024