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Will the Binance.US CEO's Resignation Trigger a Domino Effect?

Will the Binance.US CEO's Resignation Trigger a Domino Effect?

Binance.US, the American subsidiary of the global cryptocurrency exchange, has experienced significant staffing changes, including the departure of CEO Brian Shroder and the elimination of around 100 positions. The company is also facing legal actions from the SEC and the Commodity Futures Trading Commission, as well as a decline in market share. The cryptocurrency community is concerned about the future of Binance and its potential demise, with WhaleWire warning of a larger explosion than FTX's.

Singapore Payment Services Act Now in Effect For Crypto Firms

Singapore Payment Services Act Now in Effect For Crypto Firms

The Monetary Authority of Singapore now requires cryptocurrency providers and exchanges to be licensed under some of the same regulatory elements as traditional financial service providers.

DeFi Tokens Surge as Bitcoin and Ethereum Hover Around Support Levels due to the Coinbase Effect

DeFi Tokens Surge as Bitcoin and Ethereum Hover Around Support Levels due to the Coinbase Effect

Following Coinbase’s announcement, AAVE, BNT, and SNT tokens all surged, rallying from 10% to 24%.

Binance Reaching a Larger User Base by Applying for Singapore’s New Crypto License

Binance Reaching a Larger User Base by Applying for Singapore’s New Crypto License

Crypto exchange Binance has applied for a license in Singapore under the country’s Payment Services Act, a new framework that came into effect on Jan. 28.

China’s Cryptography Law Piques Local Interest and Stirs Global Market Reaction

China’s Cryptography Law Piques Local Interest and Stirs Global Market Reaction

The recent passing of China's Cryptography Law, which will come into effect in 2020, has peaked local interest as searches for blockchain on WeChat surged ten-fold.

Coinbase Crypto Exchange to Launch Bitcoin-Backed Loans to US Clients

Coinbase Crypto Exchange to Launch Bitcoin-Backed Loans to US Clients

Coinbase announced yesterday that it was going to offer Bitcoin-backed loans to their US customers, set to be in effect for fall of this year.

Switzerland Begins Consultation Before Finalizing its Proposed Blockchain Law Amendments

Switzerland Begins Consultation Before Finalizing its Proposed Blockchain Law Amendments

Switzerland announced it has initiated a consultation process ahead of its plans to effect amendments in its extant laws to accommodate blockchain technology

Wyoming State Says Cryptocurrency Represents Property, Allows Insurers to Include Digital Assets in Investment Portfolios

Wyoming State Says Cryptocurrency Represents Property, Allows Insurers to Include Digital Assets in Investment Portfolios

The US. state of Wyoming has enacted new legislation to allow insurance firms to invest in digital assets like cryptocurrencies. The new law intends to come into effect on 1st July.

Blockchain Daily Digest – November 5th, 2019

Blockchain Daily Digest – November 5th, 2019

After some three years of work, Liechtenstein has introduced what some have described as the world’s first blockchain business law (the Lichtenstein Token and Trusted Technologies Law’) which will go into effect in January 2020.

Venezuela to Offer Christmas Bonus in Petro Coin to Retirees and Pensioners

Venezuela to Offer Christmas Bonus in Petro Coin to Retirees and Pensioners

Since the launch of Petro, Venezuela's cryptocurrency in February 2018, the government has been trying to expand its use case across almost every activity in the country. To this effect, a tweet from a local news outlet, Venepress, claimed that Venezuela Government would give its Christmas bonus to retirees and pensioners in its cryptocurrency, Petro.

Bank of Thailand Projected to Go Forward with Central Bank Digital Currency Prototype

Bank of Thailand Projected to Go Forward with Central Bank Digital Currency Prototype

The Bank of Thailand (BOT) announced its plans for a Central Bank Digital Currency (CBDC) prototype to be in effect by 2021. The BOT plans to begin the production of their prototype for a CBDC next month.

What are the New Amendments in Japan’s Crypto Laws to be Enforced Next Month?

What are the New Amendments in Japan’s Crypto Laws to be Enforced Next Month?

Japan will be enforcing new cryptocurrency-related regulations in May, as two of the pieces of legislation were passed by the Japanese House of Representatives last year. The Payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA) were originally scheduled to come into effect in April, however, there has been a delay and the final enforcement date has been officially pushed to May.

China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency

China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency

At the Thirteenth National People’s Congress held in Beijing China, the parliament passed a new civil code that protects the civil rights of inheritance, marriage, property, personality, and contract infringement. According to Lixin Yang, a professor at Renmin University of China, the civil code states that “When a natural person dies, the legacy is the personal legal property left by she/he.” Personal legal property in this case also means “internet property” including virtual currencies. Chinese citizens will be able to leave their cryptocurrency and virtual assets to their heirs, coming into effect on January 1, 2021.

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