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#BreakingNews ⚠️🚫
#UAE Considers #BAN on #CryptoPayments as Binance Secures VASP License...
Now, As per news...
The United Arab Emirates (UAE) is considering new regulations that may ban crypto payments within its jurisdiction, signaling a potential shift towards a less favorable environment for cryptocurrency.
This development was discussed by the board of directors of the Central Bank of the UAE on June 5, as part of the country's financial infrastructure (FIT) program aimed at boosting digital transformation.
The move comes after Binance secured a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA) for Binance FZE, requiring UAE residents to transition their accounts from Binance Global to Binance FZE and update their KYC information by December 15, 2024.
At this time of breaking news, and volatile situations of market, must need to Trade your crypto by using StopLoss and #DYOR always.
#UAE Considers #BAN on #CryptoPayments as Binance Secures VASP License...
Now, As per news...
The United Arab Emirates (UAE) is considering new regulations that may ban crypto payments within its jurisdiction, signaling a potential shift towards a less favorable environment for cryptocurrency.
This development was discussed by the board of directors of the Central Bank of the UAE on June 5, as part of the country's financial infrastructure (FIT) program aimed at boosting digital transformation.
The move comes after Binance secured a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA) for Binance FZE, requiring UAE residents to transition their accounts from Binance Global to Binance FZE and update their KYC information by December 15, 2024.
At this time of breaking news, and volatile situations of market, must need to Trade your crypto by using StopLoss and #DYOR always.
Russia Bans Cryptocurrency
Russian lawmakers plan to ban cryptocurrency circulation to uphold the ruble’s dominance, permitting only digital assets issued in Russia.
The ban targets Bitcoin and others, but exceptions apply to certain mining entities and Central Bank test projects.
Aimed at reducing exposure to Western sanctions, the ban allows for continued cryptocurrency circulation within regulated parameters.
Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, informed NSN that Russian lawmakers are planning to implement a ban on organizing the circulation of cryptocurrencies, effective September 1. This move aims to maintain the dominance of the Russian ruble as the country’s sole legal tender.
The suggested ban aligns with Russian authorities’ endeavors to enhance the supervision of the cryptocurrency industry. Rosfinmonitoring, the key anti-money laundering regulator in Russia, has been monitoring over 25,000 domestic cryptocurrency users and has urged the government to accelerate the enactment of cryptocurrency regulations.
Ignore the tags:
#CryptocurrencyAlert #BAN #FUDs #News #binance
Russian lawmakers plan to ban cryptocurrency circulation to uphold the ruble’s dominance, permitting only digital assets issued in Russia.
The ban targets Bitcoin and others, but exceptions apply to certain mining entities and Central Bank test projects.
Aimed at reducing exposure to Western sanctions, the ban allows for continued cryptocurrency circulation within regulated parameters.
Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, informed NSN that Russian lawmakers are planning to implement a ban on organizing the circulation of cryptocurrencies, effective September 1. This move aims to maintain the dominance of the Russian ruble as the country’s sole legal tender.
The suggested ban aligns with Russian authorities’ endeavors to enhance the supervision of the cryptocurrency industry. Rosfinmonitoring, the key anti-money laundering regulator in Russia, has been monitoring over 25,000 domestic cryptocurrency users and has urged the government to accelerate the enactment of cryptocurrency regulations.
Ignore the tags:
#CryptocurrencyAlert #BAN #FUDs #News #binance
Crypto trader makes $873,000 in 2 days from $1,700
An unnamed trader made a 490-fold return on their Comedian (BAN) token investment during the meme coin boom.
On October 27, Lookonchain reported that the trader converted a $1,795 investment in the BAN/SOL pair on the Raydium automated market maker (AMM) platform into $873,000 in two days.
The trader used strategy, thus the results were not random. Starting with 10.2 Solana (SOL), the investor secured 36.27 million BAN tokens.
The investor avoided selling everything at once as BAN rose, cashing in on his profits progressively.
The traders liquidated parts of their shares after each price high to profit while remaining exposed to the meme coin's ascent.
In the first rise, the investor sold 12 million BAN for $56,900. Nearly 90% of BAN's value collapsed shortly after. When BAN rose again, they sold 6.13 million tokens for $80,700, increasing their total gains to approximately $137,000.
At the conclusion of their run, they had 18.13 million BAN worth $734,000, totaling $873,000.
Reasons BAN price rose
“Comedian,” Maurizio Cattelan's 2019 banana duct-taped to a wall, went popular owing to its discussions about consumerism and the art industry, inspiring the BAN meme currency.
After Sotheby's revealed that one of Comedian's three “editions” would sell for at least $1 million, the artwork grabbed notice.
Social media talk about this extraordinary value has raised BAN's price. BAN also gained impetus from listings on Poloniex, where full trading began on October 27.
#BAN #SOL #BullRun $SOL
An unnamed trader made a 490-fold return on their Comedian (BAN) token investment during the meme coin boom.
On October 27, Lookonchain reported that the trader converted a $1,795 investment in the BAN/SOL pair on the Raydium automated market maker (AMM) platform into $873,000 in two days.
The trader used strategy, thus the results were not random. Starting with 10.2 Solana (SOL), the investor secured 36.27 million BAN tokens.
The investor avoided selling everything at once as BAN rose, cashing in on his profits progressively.
The traders liquidated parts of their shares after each price high to profit while remaining exposed to the meme coin's ascent.
In the first rise, the investor sold 12 million BAN for $56,900. Nearly 90% of BAN's value collapsed shortly after. When BAN rose again, they sold 6.13 million tokens for $80,700, increasing their total gains to approximately $137,000.
At the conclusion of their run, they had 18.13 million BAN worth $734,000, totaling $873,000.
Reasons BAN price rose
“Comedian,” Maurizio Cattelan's 2019 banana duct-taped to a wall, went popular owing to its discussions about consumerism and the art industry, inspiring the BAN meme currency.
After Sotheby's revealed that one of Comedian's three “editions” would sell for at least $1 million, the artwork grabbed notice.
Social media talk about this extraordinary value has raised BAN's price. BAN also gained impetus from listings on Poloniex, where full trading began on October 27.
#BAN #SOL #BullRun $SOL
No Meme Stays on Top Forever, But Fresh Memes Keep Shaking the Market! 😆
The art-themed meme token $BAN, which went live just two days ago, has seen several comebacks, pushing its market cap past $30 million! 🍌 A sharp trader, known as FB17K...V18KR, made a bold move by investing only 2.97 SOL ($518) to snag 80.77 million tokens during the early private sale phase. This calculated risk has resulted in an astonishing profit of $1.25 million, yielding an impressive 2414x return!
This wallet is a known "Alpha Hunter," with a record of trading 80 different tokens over the past week, achieving a 60% win rate. The strategy focuses on scooping up low-cap tokens or newly minted coins and then swiftly selling for profits. To date, the gains stand at $177,000! 💸
Wallet Address:
FB17KCgFjwtEWduJAykvRcJnM5nYZvpHfWWg135V18KR
#memecoin🚀🚀🚀 #BAN
The art-themed meme token $BAN, which went live just two days ago, has seen several comebacks, pushing its market cap past $30 million! 🍌 A sharp trader, known as FB17K...V18KR, made a bold move by investing only 2.97 SOL ($518) to snag 80.77 million tokens during the early private sale phase. This calculated risk has resulted in an astonishing profit of $1.25 million, yielding an impressive 2414x return!
This wallet is a known "Alpha Hunter," with a record of trading 80 different tokens over the past week, achieving a 60% win rate. The strategy focuses on scooping up low-cap tokens or newly minted coins and then swiftly selling for profits. To date, the gains stand at $177,000! 💸
Wallet Address:
FB17KCgFjwtEWduJAykvRcJnM5nYZvpHfWWg135V18KR
#memecoin🚀🚀🚀 #BAN
India and China Cryptocurrency Exchange Ban: Unraveling the Latest Developments ( Don't panic 😉)
Cryptocurrency exchanges have been a focal point in the regulatory landscape of both India and China, as authorities grapple with how to manage the burgeoning industry. The latest updates from these two economic giants shed light on their #exapproaches to controlling the exchange of digital assets.#CryptoCraze India's Evolving Policies:India has been navigating the regulatory landscape for cryptocurrency exchanges with a mix of caution and adaptation. In the early days, the Reserve Bank of India (RBI) imposed a banking ban on these exchanges, causing disruptions. However, the Supreme Court overturned the ban in 2020, providing a temporary respite for the industry.As of the latest update, India has not imposed a blanket ban on cryptocurrency exchanges. The government appears to be leaning towards a regulatory framework to address concerns such as money laundering, fraud, and investor protection. The aim is to strike a balance between fostering innovation in the crypto space and ensuring financial stability.China's Ongoing Crackdown:In stark contrast, China has been taking an aggressive stance against cryptocurrency exchanges. The country has a history of shutting down these platforms, starting with the ban on initial coin offerings (ICOs) and exchanges in 2017.#trendingtoday The latest wave of crackdowns in 2021 targeted not only cryptocurrency mining but also forced the closure of numerous exchanges. Chinese authorities expressed concerns about financial risks associated with trading cryptocurrencies and the potential for these markets to facilitate illicit activities.China's approach emphasizes central control over the financial system, with a clear aversion to decentralized and unregulated digital currencies. The ban on exchanges aligns with the government's broader strategy to tightly regulate and monitor the financial sector. #Binance! Global Ripple Effects:The contrasting approaches of India and China regarding cryptocurrency exchanges have global implications. While India appears to be exploring regulatory frameworks to integrate digital assets into its financial system, China's crackdown raises questions about the future of crypto in one of the largest markets.The cryptocurrency community worldwide is closely watching these developments, recognizing the potential impact on market dynamics. The resilience of the global crypto market in the face of regulatory shifts demonstrates the adaptability of this evolving industry.#BAN As India and China grapple with the complexities of regulating cryptocurrency exchanges, the outcomes will not only shape the future of digital assets in these countries but also influence global perceptions of how governments can effectively manage and coexist with the cryptocurrency ecosystem. The journey toward regulatory clarity continues, and the evolving landscape will undoubtedly have lasting effects on the broader #2024coin cryptocurrency market.
Over the weekend, the meme world went bananas, literally. Instead of the usual AI-themed jokes, everyone was focused on a banana duct-taped to a wall, a famous artwork now up for auction at Sotheby’s.
This artwork inspired a new meme coin, #BAN which launched on Friday night on the $SOL blockchain and quickly gained traction. In just 24 hours, $Ban hit a market cap of $20 million, surpassing the auction estimate for the banana artwork itself.
This artwork inspired a new meme coin, $BAN, which launched on Friday night on the Solana blockchain and quickly gained traction. In just 24 hours, $BAN hit a market cap of $20 million, surpassing the auction estimate for the banana artwork itself.
This artwork inspired a new meme coin, #BAN which launched on Friday night on the $SOL blockchain and quickly gained traction. In just 24 hours, $Ban hit a market cap of $20 million, surpassing the auction estimate for the banana artwork itself.
This artwork inspired a new meme coin, $BAN, which launched on Friday night on the Solana blockchain and quickly gained traction. In just 24 hours, $BAN hit a market cap of $20 million, surpassing the auction estimate for the banana artwork itself.
Christian Bids on Cattelan’s Banana for Cheems Community? 👀
Christian, co-founder of the crypto fund #NDV and a well-known NFT collector, announced on X platform his intention to bid on Maurizio Cattelan’s famous #banana artwork at Sotheby’s.
If successful, Christian plans to “feed” the artwork to the Shiba Inu Cheems, representing the Cheems community. He believes this gesture will creatively promote memecoin culture in this cycle. Recently, the meme token #BAN , inspired by Cattelan’s banana, made waves, reaching nearly $20 million in market cap within 24 hours of its launch.
What do you think? 🤔
#Binance
#crypto2024
Christian, co-founder of the crypto fund #NDV and a well-known NFT collector, announced on X platform his intention to bid on Maurizio Cattelan’s famous #banana artwork at Sotheby’s.
If successful, Christian plans to “feed” the artwork to the Shiba Inu Cheems, representing the Cheems community. He believes this gesture will creatively promote memecoin culture in this cycle. Recently, the meme token #BAN , inspired by Cattelan’s banana, made waves, reaching nearly $20 million in market cap within 24 hours of its launch.
What do you think? 🤔
#Binance
#crypto2024