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News from 2024
The Crypto Council for Innovation (CCI), a global organization advocating for digital assets through research and education, released the results of a national survey among crypto voters. The findings suggest that cryptocurrency can serve as an alternative to individuals who have limited access to traditional financial services. The survey was conducted in December 2023, with its results being released on January 3.
Fiat Reporter Jan 4, 2024
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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.
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.
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.
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.
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.
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 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).
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.
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.
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.
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.
Paris Blockchain Week, the largest digital asset conference in Europe, has announced that Richard Teng, CEO of cryptocurrency exchange Binance, will be a speaker at this year's event. Teng has previously lauded Paris as a hub for emerging technology and innovation.
Eddie Weinhaus, a doctoral candidate studying cryptocurrency and monetary sovereignty at the Washington University School of Law and CEO of Judiciocracy, recently discussed the increasing popularity of cryptocurrency in Nigeria with Crypto Republique. He stated that this trend reflects the Nigerian populace's desire for a currency more stable than their native naira. This comes amidst recent actions by the Nigerian government to ban multiple crypto exchanges, including Binance, as part of an effort to protect the naira.
Steve Hanke, a professor of applied economics at Johns Hopkins University, has attributed Nigeria's economic instability to the policies implemented by the Central Bank of Nigeria (CBN), including significant increases in the country's money supply. Contrary to some perspectives, Hanke insists that cryptocurrency is not responsible for Nigeria's economic challenges.
Kaiko, a cryptocurrency market data provider based in Paris, has announced that it has been authorized by CME Group to redistribute crypto data.
The Association for the Development of Digital Assets (Adan), a France-based organization comprised of Web3 professionals, has released a new report titled "Web3 and Crypto in France and Europe." The report was submitted to Marina Ferrari, the country's Secretary of State for Digital Affairs, according to a statement Adan shared in a March 19 post.
French President Emmanuel Macron has declared that through its investments, France is evolving into "a country at the forefront of AI." He shared this statement in a post on March 13.
Steve Christie, the Deputy Chief Compliance Officer for Binance, announced that the cryptocurrency exchange is joining the Global Travel Rule (GTR) Alliance to fortify its "international compliance efforts." Christie disclosed this information in a March 26 post on Binance's website.
David Princay, the president of Binance France, has announced that the newly established League for Web3 Security is "an important step to guarantee the security of French users." Princay shared his statement in an April 8 post on X.