Regulation

US banks urged to include Bitcoin, crypto in their plans for this crucial reason

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In a new report titled “Understanding Crypto: What banks need to know,” the American Bankers Association (ABA) has urged banks across the country to partner with crypto firms.  The need for banks to partner with crypto firms, according to the report, is due to the increased profitability of the sector and rising client interest.  In […]
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XRP jumps 19% as Ripple announces ODL corridor in crypto-friendly Japan 

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US-based blockchain company Ripple, which operates the payment protocol and exchange network using XRP, announced a new partnership with Japan’s largest money transfer provider SBI Remit, mobile payments service Coins.ph and digital asset exchange platform SBI VC Trade to transform remittance payments from Japan to the Philippines.
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End of an era? Binance’s CZ to possibly step down amidst regulatory tensions

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As one of the top cryptocurrency exchanges continues adapting to the regulatory landscape by tailoring its services and enforcing tougher know-your-customer policies (KYC), Binance’s founder and CEO Changpeng Zhao told Reuters he is prepared to step down and pass control to a leader with a robust set of skills, better fitting the current climate.
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Tether (USDT) slams Bloomberg over criminal probe accusations

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The recent report about Tether (USDT) facing a criminal probe in the US, published by Bloomberg and covered by CryptoSlate, received a snappy response, in which the issuers of the largest stablecoin claimed the alleged accusations don’t constitute news but are published as clickbait.
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Binance limits daily withdrawals to $2,000 for basic accounts amid regulatory woes

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Major cryptocurrency exchange Binance today announced that users who passed only “Basic” verification soon won’t be able to withdraw more than 0.06 Bitcoin (roughly $2,000) worth of funds per day—down from the previous limit of 2 BTC (around $80,000 currently).
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