Bybit exits the Canadian market due to recent regulatory developments, joining other exchanges like Binance, OKX, Paxos, dYdX, and Bittrex. In contrast, Coinbase, Kraken, Gemini, and Shakepay have chosen to engage with regulators and navigate the evolving crypto landscape by filing pre-registration undertakings with Canadian Securities Administrators.
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Navigating the Dichotomy of Blockchain’s Future: Innovation vs Regulation
“Yield Protocol’s decision to cease operations, impacted by decreased demand and strict regulations, juxtaposes with Wirex’s launch of W-Pay, a bridge for decentralized applications and traditional payment infrastructures. The future of blockchain remains uncertain amid these contrasting developments.”
Haru Invest’s Sudden Halt: Protecting Assets or a Sign of Trouble Ahead?
South Korean firm Haru Invest has temporarily halted deposits and withdrawals, citing issues with service partners. The firm, known for double-digit yields on digital asset savings products, is working on a contingency plan to rectify the situation while protecting users’ assets. The future of Haru Invest remains uncertain, raising concerns about the stability of investments.