The pilot program allows futures commission merchants to accept Bitcoin, Ether and USDC for margin collateral, provided strict reporting criteria are followed.
Binance’s international operations and liquidity will now be supervised end-to-end by the Financial Services Regulatory Authority in the financial free zone in Abu Dhabi.
It was only last month when Jack Mallers, CEO of Bitcoin payments company Strike, accused JPMorgan of closing his personal accounts without explanation.
Cryptocurrency and blockchain did not receive a mention in Donald Trump’s national security priorities, despite the president’s desire for the US to become a hub for crypto.
South Korea plans to hold crypto exchanges to the same no-fault compensation standards as banks after an Upbit hack exposed major gaps in consumer protection.
Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region.
Corporate Ether acquisitions declined 81% in the past three months, but the largest corporate ETH holders continued to scoop up billions of dollars in Ether.
Poland’s parliament upheld a veto on the Crypto-Asset Market Act, delaying EU-aligned regulation and deepening divisions over security and innovation.
A sentencing recommendation said that Do Kwon had caused more losses than Sam Bankman-Fried, Alex Mashinsky and Karl Sebastian Greenwood combined.
The IMF and South Africa’s central bank are still concerned about stablecoins, while in the US, spot crypto products can now be traded on futures markets.