UK FCA Unveils Stricter Rules For Crypto Marketing 12
The Financial Conduct Authority of UK has unveiled stricter rules for crypto marketing in the country. The new rules will prevent crypto firms from offering "refer a friend" schemes and will require new crypto investors to have a 24 cooling off period.
Coinbase and Binance
Summary: Data from blockchain intelligence startup Nansen showed negative netflow from Coinbase and Binance after the U.S. SEC sued both crypto exchanges. Binance and Binance US recorded a combined negative outflow north of $400 million 24 hours after the SEC’s lawsuit against rival Coinbase. Coinbase saw a smaller negative netflow...
Circle
Summary: Circle Internet Singapore was granted a Major Payment Institution license from the country’s Monetary Authority (MAS). The license allows USDC’s issuer to provide local and cross-border payments and digital payment token facilities in the city-state. Singapore is a springboard for Circle’s international expansion and operations in the greater Asia...