CRYPTONEWS WEEKLY ??- MARCH 8, 2024
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?? TOP NEWS OF THE WEEK
The Hong Kong Securities and Futures Commission issued a public warning today, urging investors to be cautious of suspicious websites impersonating legitimate virtual asset trading platforms.
New Binance CEO Richard Teng must appear before Nigeria’s House of Representatives Committee on Financial Crimes to answer questions about his company’s lax KYC and AML policies, which may have played a part in terrorism financing and money laundering.
BRICS nations are set to create an independent blockchain-based payment system, incorporating digital currencies to enable smoother and cost-effective global transactions.
Japanese police officers have arrested a teenage high schooler on suspicions of operating an illegal Litecoin (LTC) exchange.
European cryptocurrency exchange Bitstamp has received in-principle approval for its license application to offer digital asset services in Singapore.
Hungary is eyeing the establishment of a comprehensive crypto regulatory framework enabling local banks to offer cryptos directly.
Binance has temporarily suspended withdrawals to the Solana network due to an increased volume of transactions. The exchange expects to implement a solution and resume withdrawals starting on March 9.
???? UK Regulatory Framework Will Embrace Coexistence of Stablecoins and CBDCs, Aligned with EU Standards
To align with EU standards, the United Kingdom unveiled plans on March 6 to integrate both stablecoins and CBDCs into its regulatory structure.
The Philippine National Telecommunications Commission has initiated the blocking of websites belonging to crypto companies offering investment products without the necessary licenses in the country.
Tether is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan.
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