Crypto Exchanges

Story: Binance Stressed the Need to Embrace Change in the Cryptocurrency Industry

By Maheen Hernandez

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Binance has announced “plans to initiate an open blockchain project, Venus, an initiative to develop localized stable coins and digital assets pegged to fiat currencies across…

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Binance stressed the need to embrace change in the cryptocurrency industry in an “orderly manner” per regulatory guidelines.

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Three specific courses of action have been suggested to establish a strategic position in the blockchain and stable coin enterprise.

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A recent announcement from Coinbase read thus:  “Through the acquisition of Xapo’s institutional businesses, we're now proud to act not only as of the gateway for millions of…

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Coinbase is currently supporting nearly 42 countries, with more than 20 million customers globally.

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Convenience and reliability are the selling point of every kind of cryptocurrency. 

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Meanwhile, the blacklisting of Bitcoin addresses by the US is just starting.  The government is paying close attention to illegal activities associated with cryptocurrencies…

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The recent case action by the OFAC under the Specially Designated Nationals, according to Spiro, establishes the requirement for “strict cryptocurrency compliance programs to…

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The amount of cryptocurrency lost in security breaches can be prevented by identifying the questionable transactions taking place against compliance and regulatory norms.

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Increasing numbers of lawmakers and regulators are focusing their attention on the industry.

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Several financial institutions and cryptocurrency exchanges who are subject to US jurisdiction are under an obligation to screen for "blocked persons.

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Public blacklisting of cryptocurrency addresses is a significant effort by OFAC and FinCEN as a mode of exerting financial pressure on criminals and related organizations.

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