With the announcements that crypto exchanges Binance will enter Japan, Gemini getting permission to operate in Italy and Greece, and Nexo in Italy, it seems that neither the deepening crypto winter nor the spectacular collapse into bankruptcy of FTX has stopped regulators around the world from opening their doors to other firms.
In the EU, for example, European Central Bank President Christine Lagarde has called for speeding the implementation of its Markets in Crypto Assets legislation and reiterated the need for a broader and more comprehensive MiCA II. Meanwhile, the U.K. government has said its plans to become a global cryptoasset hub have not been affected by the chaos at FTX — but that being said, British politicians are planning to focus more on stablecoins than private cryptocurrencies like Bitcoin.Binance — the world's biggest crypto exchange — revealed that it has acquired 100% of the Sakura BitCoin Exchange , which is registered with the Japan Financial Services Agency .
Binance is "committed to enter Japan under regulatory compliance," CEO Changpeng "CZ" Zhao said in a tweet. Last August, he announced that the company was "pivoting from reactive compliance to proactive compliance […] to help establish crypto compliance best practices worldwide."Takeshi Chino, general manager of Binance Japan, said:
Source: News Formal (newsformal.com)
Crypto is coming back, stronger than ever! 🙌
Gemini
AIRDROP
GIVEAWAY
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FACT
Bullish
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FACT
FACT
FACT
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StrikeX StrikeXWallet
This means it didn't really fall apart.🤔
AIRDROP
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FTX crypto collapse: Ex-CEO Sam Bankman-Fried denies 'improper use' of customer fundsIn the ABC News interview, Sam Bankman-Fried addressed rumors that have swirled since the collapse of FTX and discussed his uncertain path forward. Dude should be in jail but liberal mainstream media out here carrying water for the democrats You can bet members of Congress & Hollywood got their fortunes out before the downfall By 'improper', he means 'donated to the Democrats'
Source: ABC7 - 🏆 67. / 68 Read more »
FTX crypto collapse: Ex-CEO Sam Bankman-Fried denies 'improper use' of customer fundsNASSAU, THE BAHAMAS — Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, told ABC News he was ultimately responsible for the downfall of both companies, but denied that he knew 'that there was any improper use of customer funds.'
Source: WOKVNews - 🏆 247. / 63 Read more »
CFTC chief says Bitcoin is the only commodity in the wake of FTX collapseCFTC, the financial regulatory body in the U.S., is facing a lot of scrutiny post-FTX collapse, and now its chief is taking a cautious approach to all thing crypto. No one cares, they just want these MFers to figure it out, so we can see if this cryptodickbutt is a write off or not Backpacks. Whose ur editor? Lol
Source: Cointelegraph - 🏆 562. / 51 Read more »
UK's Crypto Agenda Won't Be Derailed by FTX Collapse, Minister SaysU.K. Treasury Minister griffitha said the collapse of FTX_Official won't put the country off its plan of becoming a global hub for the crypto industry. camomileshumba reports. griffitha FTX_Official camomileshumba The UK government promises too much, but does nothing. I'm still waiting for the stables like USDT to become a means of payment. griffitha FTX_Official camomileshumba Meanwhile UK banks still block deposits to crypto exchanges… griffitha FTX_Official camomileshumba Centralization and Control is the end game
Source: CoinDesk - 🏆 291. / 63 Read more »
Lawmakers who benefited from FTX cash set to probe its collapseCongress is launching its official response to the collapse of cryptocurrency giant FTX on Thursday, as investors and investigators struggle to understand the shocking implosion three weeks ago of one of the largest crypto exchanges in the world. What happens when you buy air. Shlomo done funneled the majority of it over to the dems Has this tulip bubble popped fully yet?
Source: washingtonpost - 🏆 95. / 72 Read more »
FTX Collapse Draws Senate Hearing Scrutiny as Crypto Oversight in FocusSenators plan to question the head of the CFTC on the failure of digital-asset exchange FTX and a bill that would give the agency more crypto oversight Hmmmmm FTX donates millions to the democrats. Then screw over a bunch of people, with zero arrests. Now democrats want to use it as a reason for creating “additional oversite”. Investors who were putting their money into risky garbage built around non regulation now want regulation now their money is gone. Fixed it for you. Booooo. They set up FTX as a fall man to make more legislation. FTX isn’t even proper Web3. It’s centralized finance just like every other bank. It was never real crypto or a real decentralized finance platform. FTX is making the whole community look terrible.
Source: WSJ - 🏆 98. / 63 Read more »