News from January 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
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.