https://www.bbc.com/pidgin/articles/c25817r8wk8oNigeria goment demand $10 billion in damages from Binance "Dis na sake of di allegations say di cryptocurrency platform dey cause massive losses for di kontri becos dem dey fix exchange rate. Di goment say Binance don influence di increase in foreign exchange rates through how dem dey speculate di currency for di kontri wey don make di Naira fall by almost 70% in recent months. Bayo Onanuga, one of di tok tok pesin for president Bola Tinubu say goment bin see di effect of Binance operations for Nigeria. “Di platform dey fix di exchange rate for di kontri and na illegal rate. Di CBN na di only authority wey fit fix exchange rate for di kontri.”" ___ What is this? The Nigerian government thinks that if CZ paid 4 billion to the US government, then it will agree to pay Nigeria?
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https://www.theblock.co/post/280063/bis-regulatory-recommendations-stablecoin-arrangementsThe Bank for International Settlements has issued recommendations for the regulation, supervision and oversight of global stablecoin arrangements. "The Bank for International Settlements has proposed recommendations for regulating global stablecoins. In a summary of recommendations issued on Thursday, the BIS described GSCs as widely adopted stablecoins with a potential reach and use across multiple jurisdictions. "A GSC could become systemically important in and across one or many jurisdictions," the BIS said. " https://www.bis.org/fsi/fsisummaries//global_stablecoins.pdf___ The document is small and worth reading. And in practice, such recommendations will soon become mandatory. And stablecoins will have the same requirements as international currencies, which means total KYC and all other delights.
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https://coinpedia.org/news/unraveling-allegations-of-ripples-xrp-price-surge-using-bot-manipulation-claims/Ripple Hit with Bot Manipulation Claims, But XRP Price Unfazed "Ripple faces new accusations of using bots to manipulate XRP prices in 2015 and 2016, according to court documents. Despite the lawsuit and bot allegations, XRP's price continues to rise, reaching $0.58 and potentially aiming for $0.64. Technical indicators suggest continued growth for XRP, but experts advise caution." ____ I'm not interested in Ripple, but I still think that the SEC will not give up trying to persecute Ripple
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https://fortune.com/2024/02/29/pig-butchering-crypto-scams-nab-over-75-billion-use-tether-binance-says-study/"Pig-butchering scammers have likely stolen more than $75 billion from victims around the world, far more than previously estimated, according to a new study. John Griffin, a finance professor at the University of Texas at Austin, and graduate student Kevin Mei gathered crypto addresses from more than 4,000 victims of the fraud, which has exploded in popularity since the pandemic. With blockchain tracing tools, they tracked the flow of funds from victims to scammers, who are largely based in Southeast Asia. Over four years, from January 2020 to February 2024, the criminal networks moved more than $75 billion to crypto exchanges, said Griffin, who has written about fraud in financial markets. Some of the total could represent proceeds from other criminal activities, he said. “These are large criminal organized networks, and they’re operating largely unscathed,” Griffin said in an interview."
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https://bitcoinmagazine.com/markets/blackrocks-spot-bitcoin-etf-to-start-trading-in-brazil-tomorrow"BlackRock's spot Bitcoin exchange-traded fund (ETF) is poised to make its debut in Brazil tomorrow, according to a report from the largest financial market news platform in Brazil, InfoMoney. The launch follows the announcement by BlackRock that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on B3, Brazil's stock exchange, on Friday, according to the report." “Our digital asset journey has been underpinned by the goal of providing high-quality access vehicles to investors,” said Karina Saade, president of BlackRock in Brazil. “IBIT39 is a natural progression of our efforts over many years and builds on the fundamental capabilities we have established so far in the digital asset market.”
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I think you've all heard this news https://techcrunch.com/2024/02/28/telegram-is-launching-ad-revenue-sharing-next-month-using-toncoin/Previously, Telegram and Pavel Durov refused the TON token and said that this was a project in which the Telegram team was not involved. TON and SEC had a very tense relationship. Now Paved Durov will pay rewards with “other people’s tokens”  I see 2 interesting points: 1. In some countries it is prohibited to make mutual payments in cryptocurrencies. 2. What does dada Gary Gensler have to say about this? |
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https://www.theblock.co/post/279500/irs-sulolit-mukherjee-seth-wilks-hires?"The Internal Revenue Service hired two private-sector experts — Sulolit “Raj” Mukherjee, JD, and Seth Wilks, CPA — as executive advisors to assist the United States’ tax authority’s efforts pertaining to crypto and digital assets, the agency announced yesterday. The IRS said the pair would help lead the agency’s efforts in “building service, reporting, compliance, and enforcement programs focused on digital assets.” Mukherjee is joining the IRS from a private blockchain software technology company where he was Global Head of Tax. The agency noted that he has more than ten years of experience in tax compliance and tax information reporting for financial institutions. Wilks, on the other hand, joins the IRS after six years of working in "the digital asset tax policy space" and prior extensive work "with tax compliance and planning issues related to multinational corporations and manufacturing, with a focus on complex supply chains, transfer pricing and cross-border transactions." " and the situation in Russia FATF downgrades Russia due to lack of regulation of cryptocurrencies https://www.worldstockmarket.net/fatf-downgrades-russia-due-to-lack-of-regulation-of-cryptocurrencies/
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https://www.theblock.co/post/278758/frankfurt-amla-crypto?"The Council of the European Union and the European Parliament representatives agreed that AMLA will be based in Frankfurt. AMLA will directly oversee the crypto sector, among other things. Representatives from the Council of the European Union and the European Parliament reached a consensus on the location for the headquarters of the new European authority for anti-money laundering and countering terrorist financing on Thursday, determining that AMLA, the organization, will be based in Frankfurt, Germany."
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https://optimism.mirror.xyz/3tkU-Y5479JPw83I6jp7GTu_0_q-TWEKAXckm3XKl28"Today, Optimism is excited to announce Optimism Drop #4 , which distributes 10,343,757.81 OP to 22,998 unique addresses. This Airdrop is a ‘thank you’ to the artists, creators, and pioneers who have played a role in creating culture across the Superchain and across the crypto ecosystem as a whole. This is also Optimism’s first Airdrop across the Superchain, celebrating the growing network of OP Chains who are choosing to build together." https://app.optimism.io/airdrops
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https://www.aba.com/-/media/documents/letters-to-congress-and-regulators/jointclsec20240214.pdf ___ American banks also want to make money from this. And now Coinbase holds a huge portion of the cryptocurrencies for the spot Bitcoin ETF. I don’t know whether American banks can act as a custodian for Bitcoin or what licenses are needed to do so, but an increase in custodial custodians will increase the security of storing cryptocurrencies. Bitcoin ETF is not the last cryptocurrency ETF in the US.
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https://cointelegraph.com/news/uk-illegal-crypto-ads-regulator-fca"The Financial Conduct Authority (FCA) — an independent financial regulatory body in the United Kingdom — has published a report detailing its actions against financial promotions, including its findings and actions against crypto-related advertisements. On Feb. 14, the FCA reported that it found “significant levels of non-compliance” on crypto promotion rules that came into effect on Oct. 8, 2023. According to the regulator, i reviewed both registered and unregistered crypto firms and identified common issues. This includes the use of generic risk summaries without any amendments for product-specific risks, such as stablecoins or asset-backed coins, and using the regulated status in a promotional manner. Furthermore, the FCA also said that firms are making claims about the safety, security and ease of use of crypto services without supporting evidence or highlighting risks." ___ Let the British correct me, but I believe that their regulators are not coping with their tasks. Blocking information on websites and social networks is almost impossible if you choose the North Korea route 
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https://coingape.com/south-korea-strengthens-crypto-exchange-regulations-what-next/"South Korea implements stringent regulations to oversee crypto exchanges and combat illicit activities. The Financial Intelligence Unit introduces a preemptive transaction suspension system for suspicious transactions. Enhanced screening processes and AML inspections aim to expel ineligible exchanges from the Korean market. In a bid to enhance oversight and crack down on illicit activities in the cryptocurrency space, South Korea has announced stringent measures to regulate crypto exchanges. A recent report from a local news outlet shed light on the country’s proactive approach toward strengthening regulations in the digital asset landscape. Meanwhile, the update comes amid a time after the South Korean regulators unveiled stricter regulations for the virtual asset sector."
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https://www.sec.gov/news/press-release/2024-14" Feb. 6, 2024 — The Securities and Exchange Commission today adopted two rules that require market participants who engage in certain dealer roles, in particular those who take on significant liquidity-providing roles in the markets, to register with the SEC, become members of a self-regulatory organization (SRO), and comply with federal securities laws and regulatory obligations. .. Under the final rules, any person that engages in activities as described in the rules is a “dealer” or “government securities dealer” and, absent an exception or exemption, required to: register with the Commission under Section 15(a) or Section 15C, as applicable; become a member of an SRO; and comply with federal securities laws and regulatory obligations and applicable SRO and Treasury rules and requirements." ___ "Liquidity providers on DEXs with assets greater than $50,000,000 are required to register with the SEC rules ."
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https://cointelegraph.com/news/ai-generated-fake-ids-pass-crypto-exchange-kyc-onlyfakeAI-generated fake IDs claimed to pass crypto exchange KYC are selling for $15 "A new service claiming to use artificial intelligence (AI) “neural networks” and “generators” to create fake driver licenses and passports has reportedly succeeded in passing Know Your Customer (KYC) checks on multiple crypto exchanges. The cost? Only $15 a pop. The site, OnlyFake, generates realistic fake driver’s licenses and passports from 26 countries, including the United States, Canada, Britain, Australia and multiple European Union countries, and takes payment in multiple cryptocurrencies through Coinbase’s commercial payments service. 404 Media reported on Feb. 5 that it successfully bypassed the KYC verification of crypto exchange OKX using a photo of a British passport the outlet generated with the site, where the ID appeared to be laid on a bedsheet as if a picture of it was taken."
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 DappRadar(С) Are you also wondering who buys this? |
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https://finance.yahoo.com/news/german-police-seizes-record-50-145205216.htmlhttps://www.mdr.de/nachrichten/sachsen/dresden/dresden-radebeul/bitcoin-geld-raubkopie-ermittlung-polizei-100.html"German police have seized 50,000 Bitcoin (BTC) worth approximately $2.17 billion, marking the largest cryptocurrency seizure in the country's history. The assets were confiscated during an investigation into a website that violated the Copyright Act in 2013. The Dresden Public Prosecutor's Office, the Saxony State Criminal Police Office, and the Leipzig II Tax Office's tax investigation department conducted the investigation, with support from the Federal Criminal Police Office (BKA), the FBI, and a Munich-based forensic IT expert firm. According to a statement from the Dresden Public Prosecutor's Office, the two individuals responsible for the pirate company operated a leading German piracy portal until May 2013. Proceeds from the venture were allegedly converted into Bitcoin." ___ Europe is catching up with America in terms of confiscated Bitcoins.
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https://bitcoinethereumnews.com/tech/slowmist-reports-80-of-x-comments-related-to-phishing-software/"Cybersecurity company SlowMist analyzed social network X for malicious content. Scam sleuths came to the conclusion that over 80% of comments under publications of well-known projects are related to phishing software. In a report by SlowMist, scammers were found to be actively purchasing X accounts to use for scamming purposes. Users are usually sold in the Telegram messenger application, where there is an active market for this category of clients, experts claim. According to the study, attackers are typically offered a wide selection of accounts, among which there are accounts similar to the profiles of well-known crypto projects. Such a “product” may have a different number of subscribers and a long date of registration on the platform. After purchasing an account, scammers use advertising tools to increase trust on the social network. With their help, they increase the number of subscribers, likes and promote their profile on site X. Experts note that such services are offered not by the platform itself, but by third-party services, which often accept payment in crypto assets."
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https://twitter.com/SGJohnsson/status/1749506349992476943"SEC at Binance oral: "The token itself represents the investment contract . . . the token represents the embodiment of an investment contract". Didn't they say the opposite at CB oral?" ____ Why is this so important This will help the Coinbase exchange avoid many fines in the US and will not lose its licenses.
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