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France becomes first big European nation to grant crypto giant Binance regulatory approval

France becomes first big European nation to grant crypto giant Binance regulatory approval

[ad_1] Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called "Web3" start-ups.Benjamin Girette | Bloomberg | Getty ImagesBinance has been granted approval from regulators to operate its cryptocurrency exchange in France.The company is now listed

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Buy now, pay later will soon affect your credit score in the UK

Buy now, pay later will soon affect your credit score in the UK

[ad_1] Buy now, pay later giant Klarna says it will start reporting data on customers' usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the sector over fears it is putting young people into debt.Starting June 1, the Swedish fintech

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SEC nearly doubles crypto unit staff to crack down on abuses in the booming market

SEC nearly doubles crypto unit staff to crack down on abuses in the booming market

[ad_1] Gary GenslerSimon Dawson | Bloomberg | Getty ImagesThe Securities and Exchange Commission announced Tuesday that it will almost double its staff responsible for protecting investors in cryptocurrency markets.The regulator's Crypto Assets and Cyber team, a unit of the SEC's broader Enforcement division, will increase its head count by 20

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Credit Suisse says U.S. authorities will ‘absolutely not’ find any wrongdoing amid probe into Russian oligarch record shredding

Credit Suisse says U.S. authorities will ‘absolutely not’ find any wrongdoing amid probe into Russian oligarch record shredding

[ad_1] Credit Suisse told CNBC on Wednesday that U.S. authorities will "absolutely not" find any evidence of wrongdoing as it faces a probe of its compliance with sanctions on Russian oligarchs.The Swiss bank is under investigation by the House Oversight Committee over allegations that it asked investors to "destroy and

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Gibraltar became a hub for crypto — now it wants to tackle attempts to manipulate the market

Gibraltar became a hub for crypto — now it wants to tackle attempts to manipulate the market

[ad_1] The overseas British territory wants to become a global hub for crypto firms.Geography Photos | Universal Images Group | Getty ImagesGibraltar has unveiled new regulations for the cryptocurrency industry, taking aim at potential market manipulation and insider trading in the fast-evolving space.The overseas British territory, located on the southern

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Sanctions threaten to cripple Russia’s multibillion-dollar crypto industry

Sanctions threaten to cripple Russia’s multibillion-dollar crypto industry

[ad_1] Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia.Bloomberg | Bloomberg | Getty ImagesSanctions imposed on Russia over the country's unprovoked invasion of Ukraine could hamper the growth of its multibillion-dollar crypto sector, according to experts.This week, U.S. officials targeted Russian bitcoin mining

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Don’t blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans

Don’t blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans

[ad_1] MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he's still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption.The universal basic income (UBI) evangelist

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We’re all gonna make it? Crypto bosses say the ‘tide is turning’ on regulation

We’re all gonna make it? Crypto bosses say the ‘tide is turning’ on regulation

[ad_1] Changpeng Zhao, founder and CEO of Binance, speaks at the Blockchain Week Summit in Paris, France, on April 13, 2022.Benjamin Girette | Bloomberg | Getty ImagesPARIS — The crypto world may have turned a corner when it comes to regulation.The bosses of several major crypto companies told CNBC regulators

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Biden to nominate Michael Barr as Fed bank regulator in second attempt to fill post

Biden to nominate Michael Barr as Fed bank regulator in second attempt to fill post

[ad_1] President Joe Biden will nominate Michael Barr to be the Federal Reserve's top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions during the Obama administration, seen here at a Treasury Department meeting in Washington, D.C. on Nov. 30, 2010.Andrew Harrer |

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White House will crack down on Russian attempts to evade sanctions, Biden security advisor says

White House will crack down on Russian attempts to evade sanctions, Biden security advisor says

[ad_1] Jake Sullivan, White House national security adviser, speaks during an interview at an Economic Club of Washington event in Washington, D.C., U.S., on Thursday, April 14, 2022.Al Drago | Bloomberg | Getty ImagesWASHINGTON — National security adviser Jake Sullivan said Thursday that the Biden administration is focused on ensuring

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