Important Developments on November 16th NoonNovember 16, 2023Keywords from 7:00-12:00: Yellen, Paxos, Gulf Binance, LaV1. NYDFS Introduces Stricter Cryptocurrency Listing and Delisting Guidelines: The New York State Department of Financial Services (NYDFS) has launched stricter guidelines for cryptocurrency listings and delistings, aiming to enhance investor protection.2. StraitsX Receives Preliminary Approval for Stablecoin from MAS: StraitsX, a stablecoin project, has obtained preliminary approval from the Monetary Authority of Singapore (MAS) for its stablecoin.3. Paxos Plans to Launch New USD Stablecoin in Singapore: Paxos, a stablecoin issuer, has received preliminary regulatory approval to provide digital payment token services in Singapore. The company plans to collaborate with business clients to issue a USD-backed stablecoin.4. U.S. Congress Members Urge Treasury to Revise Cryptocurrency Tax Rules: Members of the U.S. Congress are urging the Treasury Department to revise what they consider "unworkable" tax rules related to cryptocurrency assets.5. Gulf Binance Joint Venture Approved by Thai Regulators: Binance and Gulf's joint venture, Gulf Binance, has received approval from Thai regulators.6. U.S. Treasury Secretary Yellen Plans to Discuss Cryptocurrency Regulation at APEC Meeting: U.S. Treasury Secretary Janet Yellen has expressed plans to discuss cryptocurrency regulation at the Asia-Pacific Economic Cooperation (APEC) meeting.7. South Korea's National Pension Fund Invests in Coinbase Stocks: South Korea's National Pension Service has purchased nearly $20 million worth of Coinbase stocks, with a paper profit of 40%.8. Australian Universities Develop Efficient Quantum-Secure Encryption Algorithm "LaV": Scientists from two Australian universities have created "LaV," an encryption algorithm that is considered the most efficient quantum-secure encryption algorithm to date.9. Singapore MAS Director: Collaboration on Wholesale CBDC Pilot with Regional Banks: The Monetary Authority of Singapore (MAS) director mentioned plans to collaborate with regional banks to pilot the introduction of a wholesale central bank digital currency (CBDC).#cpi #BTC #myfirstsquarearticle