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The FIU removed 14 unregistered foreign exchanges, including #KUCOIN , #MEXC , and #Poloniex , from the Apple App Store and Google Play.
These platforms operated without mandatory registration or ISMS certification.
Violators face up to 5 years in prison or ā©50M fines (~$38K).
This move is part of South Koreaās broader push to regulate crypto under its AML laws & protect investors, especially after past market failures (e.g., Terra/LUNA).
A clear signal that global crypto regulation is accelerating.
The FIU removed 14 unregistered foreign exchanges, including #KUCOIN , #MEXC , and #Poloniex , from the Apple App Store and Google Play.
These platforms operated without mandatory registration or ISMS certification.
Violators face up to 5 years in prison or ā©50M fines (~$38K).
This move is part of South Koreaās broader push to regulate crypto under its AML laws & protect investors, especially after past market failures (e.g., Terra/LUNA).
A clear signal that global crypto regulation is accelerating.
BNB Surges to 2-Year High Amid Strong Momentum: What's Behind the Rise?
As reported by Cointelegraph, Binance Coin (BNB) has seen a remarkable 62% increase in price over the past 30 days, reaching a 2-year high of $489.50 on March 8th. Despite regulatory challenges faced by Binance, this surge has propelled BNB to its highest level since 2022, solidifying its position as the third-largest cryptocurrency by market capitalization, excluding stablecoins.
The surge in BNB's value can be attributed to the growth of the BNB Chain and its associated network activity. Despite a 7% decrease in the total value locked (TVL) in BNB terms over the past month, data shows that 12.8 million BNB has been deposited in the BNB Chain's decentralized applications (DApps). While this is lower than the 19.4 million BNB recorded in early 2023, it is still a significant amount.
In comparison, Ethereum's network TVL increased by 3% in ETH terms, while Solana recorded a 20% TVL increase during the same period. This indicates that the bullish momentum supporting BNB may not solely be driven by deposit sums in DApps such as NFT marketplaces and DeFi aggregators.
Analyzing volume activity provides a more accurate measure of network utilization. The recent rally in BNB's price is supported by a 41% increase in DApp volume on the BNB Chain over the past month, securing its third-place ranking overall.
Additionally, the number of active addresses interacting with BNB Chain's DApps has reached an impressive 5.6 million. This level of engagement highlights the growing utility and efficiency of the BNB Chain, suggesting potential for further growth for BNB.
As excitement builds for BNB to surpass the $500 mark, this analysis offers insights into the sustainability of the BNB rally.#TrendingTopic #poloniex #BTC #AltMania $BNB
As reported by Cointelegraph, Binance Coin (BNB) has seen a remarkable 62% increase in price over the past 30 days, reaching a 2-year high of $489.50 on March 8th. Despite regulatory challenges faced by Binance, this surge has propelled BNB to its highest level since 2022, solidifying its position as the third-largest cryptocurrency by market capitalization, excluding stablecoins.
The surge in BNB's value can be attributed to the growth of the BNB Chain and its associated network activity. Despite a 7% decrease in the total value locked (TVL) in BNB terms over the past month, data shows that 12.8 million BNB has been deposited in the BNB Chain's decentralized applications (DApps). While this is lower than the 19.4 million BNB recorded in early 2023, it is still a significant amount.
In comparison, Ethereum's network TVL increased by 3% in ETH terms, while Solana recorded a 20% TVL increase during the same period. This indicates that the bullish momentum supporting BNB may not solely be driven by deposit sums in DApps such as NFT marketplaces and DeFi aggregators.
Analyzing volume activity provides a more accurate measure of network utilization. The recent rally in BNB's price is supported by a 41% increase in DApp volume on the BNB Chain over the past month, securing its third-place ranking overall.
Additionally, the number of active addresses interacting with BNB Chain's DApps has reached an impressive 5.6 million. This level of engagement highlights the growing utility and efficiency of the BNB Chain, suggesting potential for further growth for BNB.
As excitement builds for BNB to surpass the $500 mark, this analysis offers insights into the sustainability of the BNB rally.#TrendingTopic #poloniex #BTC #AltMania $BNB
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