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Groot_crypt
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Not a week goes by without another U.S. #FinTech company going bust or receiving a lawsuit from regulators. The biggest beneficiary of this relentless crackdown on #cryptocurrencies is likely to be Asia. It has become clear in recent months that the U.S. government does not want a thriving digital asset industry or the innovation that goes with it. #Regulatory confusion over asset classification and federal agency heads shooting from the hip at anything related to the industry has made matters worse.
Not a week goes by without another U.S. #FinTech company going bust or receiving a lawsuit from regulators. The biggest beneficiary of this relentless crackdown on #cryptocurrencies is likely to be Asia.

It has become clear in recent months that the U.S. government does not want a thriving digital asset industry or the innovation that goes with it.

#Regulatory confusion over asset classification and federal agency heads shooting from the hip at anything related to the industry has made matters worse.
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Bullish
#Ripple Debunks Five Common Blockchain and Cryptocurrency Myths+ #Crypto Is a FadCrypto Is Risky And VolatileCrypto Is Not SustainableCrypto Solutions Are Complex And Difficult To ImplementCrypto Lacks Global #Regulatory Clarity Contrary to the belief that #cryptocurrency is a passing trend, Ripple argues that it has real-world utility across various industries and applications. Major corporations like PayPal, Visa, and Starbucks have already started offering crypto rewards to their customers, and governments and central banks are exploring digital currencies to improve financial inclusion and payment efficiency
#Ripple Debunks Five Common Blockchain and Cryptocurrency Myths+

#Crypto Is a FadCrypto Is Risky And VolatileCrypto Is Not SustainableCrypto Solutions Are Complex And Difficult To ImplementCrypto Lacks Global #Regulatory Clarity

Contrary to the belief that #cryptocurrency is a passing trend, Ripple argues that it has real-world utility across various industries and applications. Major corporations like PayPal, Visa, and Starbucks have already started offering crypto rewards to their customers, and governments and central banks are exploring digital currencies to improve financial inclusion and payment efficiency
#Ripple Debunks Five Common Blockchain and Cryptocurrency Myths+ #Crypto Is a FadCrypto Is Risky And VolatileCrypto Is Not SustainableCrypto Solutions Are Complex And Difficult To ImplementCrypto Lacks Global #Regulatory Clarity Contrary to the belief that #cryptocurrency is a passing trend, Ripple argues that it has real-world utility across various industries and applications. Major corporations like PayPal, Visa, and Starbucks have already started offering crypto rewards to their customers, and governments and central banks are exploring digital currencies to improve financial inclusion and payment efficiency
#Ripple Debunks Five Common Blockchain and Cryptocurrency Myths+

#Crypto Is a FadCrypto Is Risky And VolatileCrypto Is Not SustainableCrypto Solutions Are Complex And Difficult To ImplementCrypto Lacks Global #Regulatory Clarity

Contrary to the belief that #cryptocurrency is a passing trend, Ripple argues that it has real-world utility across various industries and applications. Major corporations like PayPal, Visa, and Starbucks have already started offering crypto rewards to their customers, and governments and central banks are exploring digital currencies to improve financial inclusion and payment efficiency
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Bullish
- **Prometheum's Response to #Regulatory Concerns**: Digital asset company Prometheum has addressed inquiries from a Republican lawmaker regarding its crypto broker-dealer license. The company emphasized that its technology is designed to establish a compliant digital asset securities market infrastructure that adheres to federal securities laws. - **Compliance and #Investor Protection**: Prometheum's technology is aimed at creating an orderly digital asset securities market that prioritizes compliance with securities regulations. The company emphasizes its commitment to protecting investors' interests by ensuring that its operations align with legal requirements. - **Regulatory Oversight**: Prometheum highlights that both the U.S. Securities and Exchange Commission (SEC) and the Committee on Foreign Investment in the United States (CFIUS) have reviewed its previous association with Wanxiang and its affiliates. These regulatory bodies have concluded their assessments without initiating formal investigations. - **Previous #Relationship with Wanxiang**: In 2018, Prometheum entered into an agreement with Wanxiang to develop blockchain trading software. However, this partnership was later terminated. The mention of this past collaboration underscores the company's history in the blockchain and digital asset space. - **Regulatory #Assurance and Transparency**: Prometheum's response reflects its commitment to working within the regulatory framework and maintaining transparency with regulatory authorities. By addressing concerns and clarifying its approach to compliance, the company aims to build trust and #confidence in its operations within the digital asset market. $ETH $BNB $BTC
- **Prometheum's Response to #Regulatory Concerns**: Digital asset company Prometheum has addressed inquiries from a Republican lawmaker regarding its crypto broker-dealer license. The company emphasized that its technology is designed to establish a compliant digital asset securities market infrastructure that adheres to federal securities laws.

- **Compliance and #Investor Protection**: Prometheum's technology is aimed at creating an orderly digital asset securities market that prioritizes compliance with securities regulations. The company emphasizes its commitment to protecting investors' interests by ensuring that its operations align with legal requirements.

- **Regulatory Oversight**: Prometheum highlights that both the U.S. Securities and Exchange Commission (SEC) and the Committee on Foreign Investment in the United States (CFIUS) have reviewed its previous association with Wanxiang and its affiliates. These regulatory bodies have concluded their assessments without initiating formal investigations.

- **Previous #Relationship with Wanxiang**: In 2018, Prometheum entered into an agreement with Wanxiang to develop blockchain trading software. However, this partnership was later terminated. The mention of this past collaboration underscores the company's history in the blockchain and digital asset space.

- **Regulatory #Assurance and Transparency**: Prometheum's response reflects its commitment to working within the regulatory framework and maintaining transparency with regulatory authorities. By addressing concerns and clarifying its approach to compliance, the company aims to build trust and #confidence in its operations within the digital asset market.

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Breaking News- #Stablecoins Suffer 18-Month Decline, #Regulatory Uncertainty at the Helm In September, CCData, a crypto research firm, reported a 28.4% decrease in stablecoin trading volume on #centralized exchanges, amounting to $331 billion. This marked the lowest monthly total since July 2020. The Decline’s Underlying Factors The collapse of TerraUSD is a key contributor to the 35% decline in the overall market cap of stablecoins. After reaching a peak of $189 billion in May 2022, the market cap currently rests at approximately $124 billion.
Breaking News-
#Stablecoins Suffer 18-Month Decline, #Regulatory Uncertainty at the Helm
In September, CCData, a crypto research firm, reported a 28.4% decrease in stablecoin trading volume on #centralized exchanges, amounting to $331 billion. This marked the lowest monthly total since July 2020.
The Decline’s Underlying Factors
The collapse of TerraUSD is a key contributor to the 35% decline in the overall market cap of stablecoins. After reaching a peak of $189 billion in May 2022, the market cap currently rests at approximately $124 billion.
European Investors Increase Their Entry into #Crypto Funds Amid Ongoing Regulatory Adjustments💸As regulatory adjustments continue to evolve, European investors are ramping up their investments in crypto funds. For the second consecutive week, crypto funds have set record-breaking entry levels, reaching their highest point in two months. This shift in sentiment comes after a prolonged period of net outflows from crypto funds, with optimism finally returning two weeks ago and persisting into the past week. Here, we delve into the recent developments in the world of crypto funds and their relationship with regulatory changes.1. Record-Breaking Entry for Crypto Funds:Crypto funds have achieved unprecedented levels of entry for the second week in a row. Last week, these funds reached their highest entry levels in two months, reflecting a renewed interest among #European investors in the cryptocurrency market.2. Regulatory Landscape:The regulatory landscape surrounding cryptocurrencies continues to evolve, leading to regional variations in approach. As governments and regulatory bodies around the world grapple with how to address the crypto industry, different regions are taking diverse stances, which in turn influence investor behavior.3. Reversal of Sentiment:After a prolonged period of net outflows from crypto funds, sentiment has finally turned positive. This shift in investor sentiment began two weeks ago and has since gained momentum, culminating in entry levels not seen since July 2023.#Regulatory Binance Live Channel 👇🏻 [tuNNCay Binance Live](https://www.binance.com/en/live/u/26915384)

European Investors Increase Their Entry into #Crypto Funds Amid Ongoing Regulatory Adjustments💸

As regulatory adjustments continue to evolve, European investors are ramping up their investments in crypto funds. For the second consecutive week, crypto funds have set record-breaking entry levels, reaching their highest point in two months. This shift in sentiment comes after a prolonged period of net outflows from crypto funds, with optimism finally returning two weeks ago and persisting into the past week. Here, we delve into the recent developments in the world of crypto funds and their relationship with regulatory changes.1. Record-Breaking Entry for Crypto Funds:Crypto funds have achieved unprecedented levels of entry for the second week in a row. Last week, these funds reached their highest entry levels in two months, reflecting a renewed interest among #European investors in the cryptocurrency market.2. Regulatory Landscape:The regulatory landscape surrounding cryptocurrencies continues to evolve, leading to regional variations in approach. As governments and regulatory bodies around the world grapple with how to address the crypto industry, different regions are taking diverse stances, which in turn influence investor behavior.3. Reversal of Sentiment:After a prolonged period of net outflows from crypto funds, sentiment has finally turned positive. This shift in investor sentiment began two weeks ago and has since gained momentum, culminating in entry levels not seen since July 2023.#Regulatory Binance Live Channel 👇🏻 tuNNCay Binance Live
The experience of a Nigerian Binance user as a tale of love agony and frustrationThe agony of a Nigerian Binance user is a tale of love and frustration. They are drawn to the allure of Binance, attracted by its robust platform and enticing incentives. However, their joy is dampened by the stifling grip of regulations in their home country. They yearn to fully partake in the benefits offered by Binance's services, such as trading opportunities and token rewards, but find themselves barred by the limitations imposed by regulatory frameworks. This internal conflict creates a sense of longing and disappointment, as they witness others across the globe reveling in the advantages of Binance while they remain on the sidelines, unable to fully embrace what they hold so dear. Certainly! The plight of the Nigerian Binance user reveals a complex struggle. They witness fellow global users enjoying the full range of Binance's offerings, including access to a wide array of cryptocurrencies, innovative trading features, and lucrative incentives. However, regulatory constraints in Nigeria create a barrier, preventing them from fully experiencing these benefits.The frustration stems from a desire for financial freedom and the ability to participate in the global cryptocurrency market on equal footing. They long to seize trading opportunities, explore new investment avenues, and leverage Binance's cutting-edge tools to enhance their financial prospects. Yet, the regulatory landscape restricts their access, limiting their potential for growth and stifling their enthusiasm.Despite these challenges, the Nigerian Binance user remains resilient. They actively seek alternative solutions, such as engaging with local platforms or exploring peer-to-peer trading options, to navigate the regulatory hurdles. Their passion for cryptocurrencies and dedication to financial empowerment keep them hopeful, even in the face of adversity.The experience of a Nigerian Binance user underscores the significance of regulatory frameworks in shaping the crypto landscape. It highlights the need for dialogue and collaboration between regulators and industry participants to foster an environment that balances innovation, consumer protection, and financial inclusivity. Ultimately, the Nigerian Binance user's story serves as a reminder of the ongoing struggle for equal access and the quest for a more inclusive and supportive cryptocurrency ecosystem.#Binance #Regulation #Regulatory

The experience of a Nigerian Binance user as a tale of love agony and frustration

The agony of a Nigerian Binance user is a tale of love and frustration. They are drawn to the allure of Binance, attracted by its robust platform and enticing incentives. However, their joy is dampened by the stifling grip of regulations in their home country. They yearn to fully partake in the benefits offered by Binance's services, such as trading opportunities and token rewards, but find themselves barred by the limitations imposed by regulatory frameworks. This internal conflict creates a sense of longing and disappointment, as they witness others across the globe reveling in the advantages of Binance while they remain on the sidelines, unable to fully embrace what they hold so dear. Certainly! The plight of the Nigerian Binance user reveals a complex struggle. They witness fellow global users enjoying the full range of Binance's offerings, including access to a wide array of cryptocurrencies, innovative trading features, and lucrative incentives. However, regulatory constraints in Nigeria create a barrier, preventing them from fully experiencing these benefits.The frustration stems from a desire for financial freedom and the ability to participate in the global cryptocurrency market on equal footing. They long to seize trading opportunities, explore new investment avenues, and leverage Binance's cutting-edge tools to enhance their financial prospects. Yet, the regulatory landscape restricts their access, limiting their potential for growth and stifling their enthusiasm.Despite these challenges, the Nigerian Binance user remains resilient. They actively seek alternative solutions, such as engaging with local platforms or exploring peer-to-peer trading options, to navigate the regulatory hurdles. Their passion for cryptocurrencies and dedication to financial empowerment keep them hopeful, even in the face of adversity.The experience of a Nigerian Binance user underscores the significance of regulatory frameworks in shaping the crypto landscape. It highlights the need for dialogue and collaboration between regulators and industry participants to foster an environment that balances innovation, consumer protection, and financial inclusivity. Ultimately, the Nigerian Binance user's story serves as a reminder of the ongoing struggle for equal access and the quest for a more inclusive and supportive cryptocurrency ecosystem.#Binance #Regulation #Regulatory
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- **Anchored #Coins Rebrands and Receives Swiss VQF Membership**: Former Singapore parliamentarian Calvin Cheng's rebranded company, Anchored Coins, has been granted Swiss VQF membership, enabling it to issue Swiss Franc-backed stablecoin (ACHF) and Euro-backed stablecoin (AEUR) on Ethereum and BNB Chain blockchains. - **#Regulatory Compliance**: VQF membership requires Anchored Coins to comply with Swiss anti-money laundering obligations. The company plans to adhere to the EU's new Markets in Crypto Assets (MiCA) regulations from 2024. Both stablecoins will be backed 1-to-1 by fiat currencies and held in Swiss banks. - **#Partnership with DCS Card Centre**: Anchored Coins has partnered with DCS Card Centre in Singapore to issue credit cards collateralized by AEUR and ACHF. The credit cards aim to provide immediate value to stablecoin holders through instant credit limits. - **Initial #Launch and Future Plans**: The initial launch of Anchored Coins will be limited to institutional partners, and discussions are ongoing for #listing on major digital asset exchanges. $BTC $SOL $SEI
- **Anchored #Coins Rebrands and Receives Swiss VQF Membership**: Former Singapore parliamentarian Calvin Cheng's rebranded company, Anchored Coins, has been granted Swiss VQF membership, enabling it to issue Swiss Franc-backed stablecoin (ACHF) and Euro-backed stablecoin (AEUR) on Ethereum and BNB Chain blockchains.

- **#Regulatory Compliance**: VQF membership requires Anchored Coins to comply with Swiss anti-money laundering obligations. The company plans to adhere to the EU's new Markets in Crypto Assets (MiCA) regulations from 2024. Both stablecoins will be backed 1-to-1 by fiat currencies and held in Swiss banks.

- **#Partnership with DCS Card Centre**: Anchored Coins has partnered with DCS Card Centre in Singapore to issue credit cards collateralized by AEUR and ACHF. The credit cards aim to provide immediate value to stablecoin holders through instant credit limits.

- **Initial #Launch and Future Plans**: The initial launch of Anchored Coins will be limited to institutional partners, and discussions are ongoing for #listing on major digital asset exchanges.

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- **Kenya's #Data Protection Order**: The Office of the Data Protection Commissioner (ODPC) in Kenya issued an order in May to halt activities involving iris scanning, facial recognition, and other personal data collection within the country. - **#Worldcoin's Involvement**: The order was directed at Worldcoin's parent company, Tools for Humanity. The company was conducting these data collection activities in Kenya. - **Lack of Transparency**: The ODPC's letter stated that the agents involved in data #collection did not properly inform individuals about the security and privacy measures in place, as well as how the collected data would be used or processed. - **#Privacy Concerns**: The order reflects concerns over data privacy and protection, especially regarding advanced biometric data collection methods like iris scanning and facial recognition. - **#Regulatory Action**: The ODPC's action emphasizes the importance of compliance with data protection regulations and the need for transparent communication about data collection practices to ensure individuals' privacy rights are upheld. $WLD $ETH $BTC
- **Kenya's #Data Protection Order**: The Office of the Data Protection Commissioner (ODPC) in Kenya issued an order in May to halt activities involving iris scanning, facial recognition, and other personal data collection within the country.

- **#Worldcoin's Involvement**: The order was directed at Worldcoin's parent company, Tools for Humanity. The company was conducting these data collection activities in Kenya.

- **Lack of Transparency**: The ODPC's letter stated that the agents involved in data #collection did not properly inform individuals about the security and privacy measures in place, as well as how the collected data would be used or processed.

- **#Privacy Concerns**: The order reflects concerns over data privacy and protection, especially regarding advanced biometric data collection methods like iris scanning and facial recognition.

- **#Regulatory Action**: The ODPC's action emphasizes the importance of compliance with data protection regulations and the need for transparent communication about data collection practices to ensure individuals' privacy rights are upheld.

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