In a May 30 announcement, Tether claimed it intends to establish a mining division in the South American nation "in collaboration with a licensed local company," while also investing in Uruguay's energy production. The stablecoin issuer emphasized that the company will use renewable energy sources…
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cryptocurrencies
Armstrong: “China is getting ahead of the US in the crypto industry”
Coinbase CEO Brian Armstrong has expressed concern about the regulatory uncertainty facing the cryptocurrency industry in the United States, arguing that this is allowing other countries, especially China, to seize the opportunity and…
European Union considers limited impact of the crypto winter on the financial system
In the last year, the tensions in the cryptographic asset market triggered a series of bankruptcies of trading platforms and 'exchanges' in the sector, such as FTX, BlockFi or Silvergate Bank, in what is popularly known as 'crypto winter'.…
Russia abandons state-owned cryptocurrency exchange project
Anatoly Aksakov, a member of the State Duma, said the Russian government has abandoned the idea of launching a regulated national cryptocurrency exchange. In November 2022, a plan to create a unified one as part of the Moscow Stock Exchange…
Binance started the process for its new subsidiary in Japan
After being absent from the Japanese market for five years, crypto exchange Binance began the process of establishing a new fully regulated subsidiary in the country. This action follows the acquisition of regulated cryptocurrency platform…
Japan begins enforcement of anti-money laundering regulations in June
Japan will apply stricter measures from June 1 on cryptocurrency transactions in order to combat money laundering in these operations.
This was announced in a report by the Japanese Parliament, which seeks to apply a strong hand to crimes…
Musk issued a warning for Dogecoin investors
Elon Musk, CEO of Tesla, advised against cryptocurrency enthusiasts investing heavily in Dogecoin, despite his love for the memetic coin.
During a conference hosted by the Wall Street Journal, the billionaire sent a cautious message to…
Binance denied that it has mismanagement of its funds
Binance, the cryptocurrency exchange, has strongly denied the allegations of mismanaging its clients' funds. The company responded to a Reuters report that claimed it had mixed customer funds with corporate income.
The Reuters report…
Binance suspends Australian dollar withdrawals
Binance Australia, a cryptocurrency exchange, announced the suspension of its Australian Dollar (AUD) services after its local payment service provider, Zepto, stopped supporting the exchange.
On May 18, Binance Australia tweeted that…
Cryptocurrency companies in Europe must declare user assets
The European Council, in its search to reduce the administrative burdens generated by cryptocurrencies, will extend to exchanges the obligation to declare user assets, such as bitcoin, stablecoins and NFTs.
EU finance ministers are…
Japan, the most affected by cryptocurrency hacks from North Korea
A study by blockchain analytics firm Elliptic reveals that Japan is the country most affected by cyberattacks by North Korean hackers, resulting in the loss of cryptocurrency. According to the report released by the Japanese financial…
The United States could allow bail payments with stablecoins
The Governors of New York introduced Assembly Bill 7024, to implement stablecoin bail payments.
Taking into account that stablecoins have the support of a fiat currency, one can think of greater security and easy integration into the…