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Crypto Republique News UOE
Binance, the world's largest cryptocurrency exchange, has announced that it hosted a virtual law enforcement training session for members of the International Criminal Police Organization (INTERPOL). INTERPOL, with its headquarters in Lyon, France, comprises 196 member countries.
Monei, a Spanish financial technology (fintech) firm, recently announced the development of a euro-backed stablecoin named EURM and its testing commencement in January. The trials are being conducted within the Financial Sandbox of the Bank of Spain.
Rachel Conlan, the Chief Marketing Officer of Binance, the world's largest cryptocurrency exchange, has shared insights from a recent survey conducted among European crypto users. The survey reveals that a majority of respondents are optimistic about the future of the industry. Conlan suggests that the implementation of the Markets in Crypto-Assets (MiCA) legislation by the European Union could further stimulate crypto enthusiasm in the region.
David Princay, the president of Binance France, which is the French subsidiary of the world's largest cryptocurrency exchange, has stated that a survey conducted by his organization reveals that users perceive cryptocurrency as a mechanism for long-term savings. The study involved over 700 users and aimed to understand their behaviors.
The New York-based cryptocurrency exchange Gemini has revealed that it has been granted a Digital Asset Service Provider (DASP) registration by France's financial regulator. This development allows the exchange to extend its operations to more than a dozen countries throughout the European Union (EU).
Chainalysis, a blockchain analysis firm based in New York, has unveiled the introduction to its 2024 Crypto Crime Report. The report reveals that cryptocurrency payments sent to illicit addresses saw a reduction of over $15 billion from 2022 to 2023.
The European Parliament, an arm of the European Union (EU), has declared a provisional agreement with the European Council to strengthen anti-money laundering (AML) measures. The agreement must be formally adopted by both the European Parliament and the European Council before it can take effect.
France's financial regulatory body, the Autorité des Marchés Financiers (AMF), has granted Coinbase a Virtual Asset Services Provider (VASP) license. The license will enable Coinbase to offer digital asset-related services to both retail and institutional users in France.
Ledger's Global Head of Policy Hertlein: 'crypto’s relative lack of use in crime is a success story'
Seth Hertlein, the Global Head of Policy at Ledger, a Paris-based digital asset wallet provider, has countered the widespread public belief that cryptocurrency is a common tool for criminals. According to Hertlein, illicit activity is more prevalent in the traditional financial system. His comments were featured in the Cap Hill Crypto newsletter's January 5 edition.
The annual Paris Blockchain Week, a conference dedicated to exploring developments in Web3 and blockchain technology, has announced that Richard Teng, the newly appointed CEO of Binance, will be one of the key speakers at this year's event. The 2024 edition of Paris Blockchain Week is slated to take place from April 8-12 at the Carrousel du Louvre in Paris.
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Binance, the world's largest cryptocurrency exchange by trading volume, has announced the addition of a Monitoring Tag to ten tokens. This move indicates that these tokens may face potential delisting due to their volatility and risk. Binance had previously delisted several of these tokens in France last year in compliance with local regulations.
Allan Endresz, the founder of digital currency Zucoins, has voiced his criticism against a former U.S. Securities and Exchange Commission (SEC) regulator's statements on platform X. The regulator had implied that the compliance violations admitted to by crypto exchange Binance and its ex-CEO were unique to the cryptocurrency industry. In retort, Endresz highlighted that traditional banks have often been used as conduits for illicit activities such as money laundering.
Binance, the world's largest cryptocurrency exchange, recently announced the successful completion of a System and Organization Controls (SOC) 2 compliance audit. The audit was conducted over several months by A-LIGN, a third-party assessor.
Data from DefiLlama, a decentralized finance data aggregator, reveals that Binance, the world's largest cryptocurrency exchange, saw inflows totaling approximately $1.5 billion in the week ending on Dec. 8. During this period, Binance's visible on-chain assets amounted to $74 billion, surpassing the combined total of the next thirty largest crypto exchanges.
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Richard Teng, the newly appointed CEO of Binance, expressed his belief that the cryptocurrency industry will face increased regulation in the future. Teng made these remarks during an X Spaces event on Dec. 1. He perceives this trend as a positive development for the industry. A summary of Teng's discussion was shared by Binance, the world's largest crypto exchange, in a blog post dated Dec. 4.
Omid Malekan, an author and adjunct professor at Columbia Business School, said that rather than harming consumers like the failed crypto exchange FTX, Binance expanded financial inclusion to underserved communities. Malekan said in a Nov. 22 post on X that Binance was more successful than many traditional financial institutions in expanding financial services to include underprivileged people.
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Richard Teng, the new CEO of Binance, the largest cryptocurrency exchange in the world, published his first blog post on the company’s website since stepping into his new role. In the Nov. 27 post, Teng emphasized the importance of developing global regulations for the crypto industry. This move comes as part of his commitment to ensuring consumer protection and promoting innovation in the crypto space.
The Léonard de Vinci Centre has opened its new Institute of Crypto-Assets, which will support research related to blockchain technology and digital assets. The institute opened on Nov. 8 with a scientific board of eleven experts.
A survey conducted by France's Autorité des marchés financiers (AMF) found that more French people have invested in cryptocurrency that have invested in stocks or exchange-traded funds (ETFs). The survey results reflect the support the digital asset industry has received in France from government agencies and venture capitalists.
Chris Larsen, the co-founder and executive chairman of crypto exchange Ripple, has highlighted the negative impact of regulatory uncertainty on the digital asset industry. Larsen stated that this uncertainty has led to the migration of many innovators and thousands of jobs out of the United States and into other countries.