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bitfinex el salvador dasp license

Bitfinex Secures El Salvador’s DASP License, Expands Regulated Offerings

Key Takeaways: Bitfinex gained a DASP license in El Salvador, enabling regulated crypto derivatives trading. The license enforces AML, KYC compliance, transparency, and investor protections under El Salvador’s digital asset laws. Bitfinex’s approval strengthens El Salvador’s crypto hub status, boosting blockchain services and adoption. Bitfinex Derivatives has received a Digital Asset Service Provider (DASP) license…

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backpack ftx eu

Backpack Exchange Acquires FTX EU in Landmark Deal Approved by Cyprus SEC

Key Takeaways Backpack Exchange acquired FTX EU after approvals from a U.S. court and CySEC. The deal secured a CySEC license, enabling regulated cryptocurrency services across Europe. Backpack prioritized refunds to FTX EU customers before launching spot, margin, and futures trading. Backpack Exchange has acquired FTX EU, the European arm of the collapsed cryptocurrency exchange…

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spirit blockchain inc dogecoin

Spirit Blockchain Inc. Unveils Dogecoin Yield Strategy to Boost Crypto Returns

Key Takeaways: Spirit Blockchain Inc. launches a Dogecoin yield strategy to generate passive income through staking, lending, and DeFi liquidity pools. The initiative marks its first step toward optimizing crypto reserves, with plans to expand into Bitcoin, Ethereum, Tether, Circle, and Solana. Spirit aims to boost revenue, form DeFi partnerships, and deliver updates to strengthen…

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Judge Delays CFTC Lawsuit Against Gemini Over Bitcoin Futures Fraud Claims

Judge Delays CFTC Lawsuit Against Gemini Over Bitcoin Futures Fraud Claims

Key Takeaways A New York judge delayed the CFTC’s lawsuit against Gemini Trust to January 21, 2025. The CFTC accuses Gemini of misleading regulators about its bitcoin futures product, risking market manipulation. Observers believe Trump’s pro-crypto stance and SEC leadership changes may influence a favorable outcome for Gemini. Alvin Hellerstein, a New York judge has…

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malaysia bybit shutdown

Malaysia Orders Bybit to Shutdown for Operating Without License

Key Takeaways Malaysia’s Securities Commission ordered Bybit to shut down operations for violating securities laws and operating without a license. The exchange must disable platforms, block access, and terminate ads targeting Malaysian investors within 14 business days. The SC warned investors to use only licensed platforms, highlighting compliance rules and risks tied to unregulated exchanges.…

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sbi vc trade dmm bitcoin assets

SBI VC Trade Acquires DMM Bitcoin Assets Following $320M Cyberattack

Key Takeaways SBI VC Trade will acquire DMM Bitcoin’s assets after a May 2024 cyberattack. Investigators linked the $320 million bitcoin theft to North Korea’s TraderTraitor group. The transfer, scheduled for March 2025, will ensure seamless account migration and improved security. SBI VC Trade, a Japanese cryptocurrency asset management company, announced it will acquire the assets…

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turkey crypto rules 2025

Turkey Rolls Out Stricter Crypto Rules to Fight Money Laundering by 2025

Key Takeaways: Turkey’s new crypto rules, effective January 1, 2025, target money laundering and boost transparency. Exchanges must verify identities, monitor transactions, and report suspicious activities to authorities. Non-compliance risks fines or license loss, ensuring market stability and investor protection. Turkey has introduced tougher cryptocurrency regulations to combat money laundering and terrorism financing. The rules,…

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usual token

Usual Token ($USUAL) Makes Its Binance Debut: Everything You Need to Know

The crypto space has a new addition as Usual token ($USUAL) launches on Binance through its 61st Launchpool project. Notably, Usual is a decentralized fiat stablecoin issuer and it integrates real-world assets (RWAs) into the blockchain, aiming to redefine the future of decentralized finance (DeFi). Here’s everything you need to know about this exciting project and…

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