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India to Regulate Cryptocurrencies as Commodities

According to reports, India is considering regulating cryptocurrencies like commodities depending on their use cases. “The government intends to define cryptocurrencies in the new...

Binance Hits back at South Africa Regulators Says They Don’t Have Jurisdiction Over Crypto

The Financial Sector Conduct Authority (FSCA) of South Africa issued a public warning on Friday, stating that Binance Group, the owner of the world's largest cryptocurrency exchange, is "not authorized to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act." In response to a warning from South Africa's Financial Sector Conduct Authority, Binance, a major cryptocurrency exchange, has stated that it is in conformity with local regulators and does not provide financial advice or intermediary services to residents. "Binance promptly answered, "We don't acknowledge your authority in any case." The exchange further denied charges that South Africans used the Binance South Africa Telegram channel to obtain access to the crypto exchange's services, claiming that the online community promoted blockchain education but did not offer financial advice or services. The exchange stated, “Binance.com is registered with the FIC as a voluntary self-disclosure institution.”  “Binance complies with the FIC Act responsibilities related to establishing and confirming customer identities, maintaining records,and reporting suspicious or anomalous transactions.”  The FSCA warned the South African public to be cautious of any investments involving Binance Group, which it characterised as a “international company” based in the Seychelles. However, according to Binance's statement, the corporation has no linked organisation in the archipelago nation with that name.

Largest Decentralized Crypto Exchange UniSwap is Under investigation by SEC

According to "people familiar with the situation," the Wall Street Journal broke the storey on Friday. According to reports, enforcement attorneys are looking for information on how investors utilise Uniswap and how it is marketed. The Securities and Exchange Commission (SEC) of the United States is apparently looking into Uniswap Labs, the firm behind the world's largest decentralized cryptocurrency exchange. The SEC's chairman, Gary Gensler, stated last month that the agency could regulate decentralised financing (DeFi) projects. DeFi projects that reward members with valuable tokens or comparable incentives, regardless of how "decentralised" they claim to be, could be controlled, according to Gensler at the time. According to a Uniswap Labs spokesman, the company is “committed to complying with the laws and regulations governing our sector, as well as giving information to regulators that will assist them with any inquiry.”

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Binance Violated Payment Services Act said Financial Regulator of Singapore

The Financial Regulator of Singapore said Binance could violate the Payment Services Act to provide payment services and attract business from local residents without...

Cardano ADA price hits $3 for the first time

Cardano’s ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets. Having shown strength for multiple weeks, Cardano benefited from...

Coinbase to Integrate Polygon’s Ethereum Scaling Solution

An engineering team at the U.S. cryptocurrency exchange Coinbase plans to integrate Polygon’s layer-two (L2) scaling solution for Ethereum with the exchange platform. The move...

Why Crypto Exchange Tokens Outperforming BTC?

The August resumption of the cryptocurrency market appears to be continuing on Monday, August 23, when the bitcoin sample value hit $50,000 for the...

Google Removes 8 Fake Crypto Mining Apps

Eight cryptocurrency cloud mining apps that purport to offer users cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in return for investments in cloud...

Blockstream Raises $210M Company Will Expand into Manufacturing Mining Chips

The company's valuation has risen to more than $3 billion since its Series-B round, in which iFinex and Baillie Gifford were involved, among others....

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