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“Deutsche Bank has partnered with crypto safekeeping specialist, Taurus to establish digital asset custody and tokenization services. They have lodged for a crypto custody license from Germany’s financial regulator, indicative of digital asset custody plans for early 2021. This partnership signals the rising potential of tokenized financial assets.”

“The newly formed Crypto Freedom Alliance of Texas, comprising key crypto entities, aims to promote clear regulations for digital assets in Texas through education. The initiative emphasizes the challenges of legal jurisdiction for Decentralized Autonomous Organizations (DAOs) and advocates for crypto-friendly tax laws and reshaped banking regulations.”

“Taiwan is crafting restrictions for offshore cryptocurrency exchanges operating within its domains. The Financial Supervisory Commission (FSC) is formulating a guidebook to help virtual asset services providers establish regulatory norms, focusing on information disclosure, virtual asset listing standards, and secure division of corporate and customer assets.”

EOS Network, a blockchain that garnered $4 billion in its initial coin offering, has been granted white-list approval by Japan’s regulatory body for crypto exchanges. This allows EOS to compete with major cryptocurrencies like Bitcoin and Ethereum on Japan’s regulated crypto exchanges. The approval signifies EOS’s compliance commitment and opens new opportunities for the network in the Japanese market.

EOS, a globally acclaimed cryptocurrency, has gained regulatory approval in Japan, allowing it to be traded against the Japanese yen on regulated exchanges. This marks EOS’s debut on the Japanese exchange BitTrade, highlighting the continued significance of the Asian market to the digital token’s growth. However, while exciting, regulatory acceptance raises questions about possible impacts on anonymity and decentralisation.

“Binance is under scrutiny for potential ties with five sanctioned Russian banks, raising questions about compliance and potential sanctions violations. Critics claim Binance facilitated ruble trades and peer-to-peer transactions with these banks. However, Binance denies these allegations, stressing adherence to international sanctions rules.”

“Payment giants Visa and Mastercard have distanced themselves from Binance amid ongoing regulatory challenges for the leading crypto exchange. Despite this, industry experts predict modest impact on Binance’s market share. The situation illustrates how institutional caution could affect the cryptocurrency market’s future.”

Thailand’s new Prime Minister, Srettha Thavisin, a former real estate tycoon with deep insights into blockchain, may shape Thailand into an Asian fintech hub. His tenure, combined with his crypto expertise, hints at dynamic directions for Thailand’s crypto future.

“The ongoing legal battle between crypto company Genesis and Alameda Research, a subsidiary of FTX, now has a potential resolution – FTX’s Alameda Research can now claim $175 million from the bankrupt Genesis estate. This case highlights the complex intertwined crypto-financial structures and the significant impact of impending regulation and litigation resolution on the broader blockchain community.”

“Coinbase has gained approval to list crypto futures in the U.S., nearly two years after initiating the application. The National Futures Association green-lighted Coinbase as a Futures Commission Merchant. This move may reshape the crypto ecosystem, allowing broader financial marketplaces and providing a regulated platform for both institutional and retail investors.”

Senator Elizabeth Warren’s reintroduced crypto legislation aims to bring transparency to digital asset transactions to mitigate risks of money laundering and terrorism financing. It requires digital asset wallets, blockchain transaction validators, and miners to preserve customers’ identity records, which may impact the crypto community’s cherished values of security, anonymity, and independence.