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5 Key Changes in SEC Rules That Open Doors for Banks in Crypto Custody
In a recent development that has the potential to significantly alter the landscape of the cryptocurrency custody market, the U.S. Securities and Exchange Commission (SEC) has relaxed the stringent requirements outlined in Staff Accounting Bulletin No. 121 (SAB 121). This pioneering move could not only redefine how banks engage with digital assets but also reshape…
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Discover How Brazil Reopens Doors to Starlink and X With A $3M Settlement
In the rapidly evolving landscape of digital innovation and legal frameworks, one recent headline stands out due to its significant implications for the tech industry and regulatory compliance. This involves the platform formerly known as X, which has found itself entangled in a legal quagmire due to its non-adherence to certain court mandates within a…
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Discover How VET Opens Doors to Shopping at Over 100 Million Retailers with Oobit
In the increasingly interconnected world of finance and technology, a groundbreaking development has unfolded. The collaboration between VeChain and Oobit has ushered in a new era of payment solutions, allowing VET, the native token of VeChain, to be utilized on iOS platforms. This strategic partnership enables transactions with over 100 million retailers globally, marking a…
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Deadline Passed but Hong Kong Still Opens Doors for Crypto License Applications
In the rapidly evolving world of cryptocurrencies and blockchain technology, regulatory compliance and licensing have become pivotal markers of trust and reliability for digital asset exchanges. The continuous endeavor for legitimacy in the digital space is underscored by the recent move by Hong Kong Digital Asset Xchange Limited, which as of August 27, pushed forward…
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Say Goodbye to Topaz: Aptos NFT Marketplace Closes Doors August 2024
In the evolving landscape of blockchain technology and digital assets, the recent news about the aptly-named Topaz, an nft marketplace built on the robust Aptos blockchain, deciding to cease its operations by August 21, 2024, marks a poignant moment in the crypto space. This decision underscores the volatile nature of the market and the unique…
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Discover How Hawaii’s Looser Crypto Laws in 2024 Reopen Doors for Coinbase
Digital currencies are steadily weaving their way into the financial framework of societies worldwide, and the recent developments in Hawaii offer a bright illustration of this trend. The re-entry of Coinbase into the Hawaiian market after a seven-year hiatus marks a significant milestone in the crypto industry’s expansion within the United States. This move has…
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Insider Insights: How Top Executives Are Shaping Crypto Policy Behind Closed Doors
In the rapidly evolving world of cryptocurrency, the dialogue between industry leaders and policymakers is crucial for shaping the regulatory landscape in a way that fosters innovation while ensuring investor protection. Recently, representatives from Coinbase, Kraken, Ripple, and Circle engaged in a video call with US policymakers to deliberate on their approach towards crypto regulation.…