Category Archives: CRYPTO
Ethereum. “Sell off might be imminent.’ https://cryptonewsbtc.org/2023/08/22/ethereum-what-to-expect-as-whales-circle-around-eth/
Projected structure outline on the example of South Africa
BRICS PAY
Settlements and clearing
The settlement and clearing centers can be either private banks or central banks of countries. This decision is left to each country
Bitcoin was created by the CCP of China with the backing of the CIA of the USA. NWO plan was to put humanity into that system so you can be controlled and slaughtered at will. The Cabals Great Reset. It is backed by air. By this time the world should know this. Yet some are still comatose. Carry on
PayPal will temporarily halt crypto purchases in the United Kingdom starting from Oct. 1, 2023, expecting to reenable the service in early 2024. 😏😏😏
Cryptocurrency-friendly payments platform PayPal is making some crypto adjustments on its platform in the United Kingdom to comply with local financial regulations.
PayPal is temporarily pausing the ability for its U.K. customers to buy cryptocurrencies like Bitcoin (BTC) as it works to comply with new regulations, the firm told Cointelegraph on Aug. 16.
The news comes as the U.K. government prepares to implement the “Travel Rule,” major Know-Your-Customer and Anti-Money Laundering regulations developed by the Financial Action Task Force (FATF). Starting from Sept. 1, 2023, all crypto firms registered with the FCA will need to comply with the Travel Rule.
Interesting story…things that make you hmmm. 🤔🤔🤔
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission to virtual asset firm M2 to operate a multilateral trading facility from the United Arab Emirates capital.
In an Aug. 16 announcement, the Abu Dhabi-headquartered M2 said the regulatory approval would allow institutional and retail clients in the UAE to “buy, sell and custody virtual assets,”
The M2 platform, which is scheduled to launch later in 2023, has been developed over the past year with a long-term vision to establish “the highest levels of trust, security and integrity in the emerging virtual asset class,” the announcement said.
Once live, the M2 platform will also allow UAE users to buy cryptocurrencies using fiat money, as well as access to derivatives and yield services.
“The process of obtaining the license is the first step on our journey, and we will remain in close dialogue with ADGM to ensure transparency around the custody of client assets,” said Stefan Kimmel, the CEO of M2.🥳🥳🥳
Remember Nick talking about M2?
Two private banks in Uzbekistan — Kapital Bank and Ravnaq Bank — acquired approval from the National Agency for Perspective Projects (NAPP) to participate in the digital sandbox of crypto regulation. The banks will issue plastic crypto cards powered by Mastercard.
On August 14, the NAPP reported the approval for Ravnaq Bank to participate in its pilot. Earlier, in May 2023, the Agency confirmed that Kapital Bank would issue its crypto card as well.
According to the release, the Uzbeki crypto card will be called UzNEX, which will integrate a bank account with access to a crypto exchange and automated exchange mechanism.
The current deadline for final customer rollouts of both banks’ crypto cards is the end of December 2023. Kapital Bank and Ravnaq remain two of the three registered participants in the national digital sandbox.
From 2023, the government of Uzbekistan has restricted the provision of crypto services to licensed cryptocurrency firms. The first licenses were granted to local crypto firms in November 2022. Before that, Uzbekistan restricted access to a number of large international crypto exchanges, including Binance, FTX and Houbi due to accusations of unlicensed activity.
The country’s regulatory approach to crypto was initiated by a presidential decree in 2022 when the NAPP was launched to oversee the digital assets industry.
The decree also provided comprehensive legal details related to cryptocurrency mining operations in Uzbekistan.
Things are sure getting interesting in the banking and crypto world, as more comes out about linking the two. 🔥🔥
Ripple recently took to X to restate its argument for offering XRP as a bridge currency to fiat. This move comes a month after securing regulatory clarity for XRP from the US court.
In particular, Ripple highlighted the merits of its payment solution for cross-border settlement in a recent tweet. The company mentioned speed, cost-saving, and liquidity as crucial components driving the course.
The firm noted the role of XRP in addressing the arrowing challenges corporate businesses face concerning intercontinental transactions.
According to the statement, institutions using Ripple’s On-Demand Liquidity (ODL) product leverage XRP as a bridge asset for diverse government-back money pairs. However, the US regulatory environment haunted XRP for its role in this course. 🎤🎤🎤
Since the US court has judged that XRP itself is a digital asset, Ripple now comes out bold to restate XRP’s use in ODL. Nonetheless, it is worth mentioning that Ripple’s sale of XRP to institutions is still a matter of debate in the US court. 😏😏😏😏
Meanwhile, the XRP community no longer sees that point as a significant hurdle. Bill Morgan, a pro-XRP attorney, reacted to Ripple’s recent tweet to shed light on the pending case.
Morgan highlighted that institutions using Ripple ODL after buying XRP did so for bridge currency transactions and related commercial reasons. ❗️❗️❗️❗️❗️
The lawyer noted that the institutions could not have acquired XRP solely for the value of XRP to appreciate.
The lawyer ultimately believes Ripple will successfully appeal the pending court case. He remarked rhetorically:
“How can Ripple not appeal the finding XRP sales to ODL users are investment contracts.”
To Emily’s point! Mic drop! Mel and XRP Lion…🤡🤡🤡🤡
Here ya go. Official Email saying Upgrade to New Technology for US Banks on September 15
OPPORTUNITY TO BUY 922B TOKENS OF THE NEW BRICS GOLD-BACKED CURRENCY
https://www.patreon.com/posts/87918038
xrpbillionaires.club
https://www.patreon.com/posts/87918038
xrpbillionaires.club
JUST IN: Elon Musk’s SpaceX new SEC filings show they’ve sold off all of their $373 million #Bitcoin $BTC
Bitcoin is now down nearly -13%
Stellar has announced that it is investing in MoneyGram International, also known as MGI in short, through its Development Foundation. Stellar Development Foundation, often referred to as SDF, will hail the investment opportunity just 2 years after they executed their commercial agreement.
The reason why their historical collaboration has taken center stage at the moment is because that is the same thing that enabled Stellar to gain access to the future plans of MoneyGram.
Needless to say, they were pretty impressed with what MoneyGram had the potential to do in terms of digital transformation and execution. That gave them the confidence to grab any opportunity which came their way.
Years later and the investment aligns with that historic judgment.
Stellar Development Foundation will now take a more active role in MoneyGram International. Possibly, an even more active role if another opportunity comes to light.
Stellar Development Foundation is now officially a minority investor, courtesy of the private transaction with MDF, short for Madison Dearborn Partners. The investment was rolled out of the Foundation’s own cash treasury.
This makes the investment one of its kind. Another option was to leverage the Enterprise Fund.
MoneyGram will use the funds to expand its digital business, explore the potential of blockchain technology, and find ways to grow the company.
The investment made to MoneyGram International has also granted the Foundation a spot on the Board of Directors. It also has leaders from the financial, technological, and payment industries.
Stellar has called this an exciting time for both companies, adding that there is definitely an opportunity for growth. Stellar and MoneyGram are now looking forward to the utilization of the investment and building more such partnerships in the future with the goal it puts Stellar Development Foundation a step closer to achieving equitable access to financial services.
GO STELLAR! 🙂🙂🙂
In a groundbreaking move, Amazon, the world-renowned e-commerce titan, has announced a strategic partnership with Ripple, a pioneering cryptocurrency company. This collaboration aims to bring Ripple’s XRP token into the heart of Amazon’s payment operations, potentially reshaping the landscape of global online commerce.
Amazon’s recent decision to adopt Ripple’s technology signifies the increasing acknowledgment and approval of cryptocurrencies as a valid method of conducting financial transactions. This move by the leading industry company can potentially push cryptocurrencies, particularly XRP, into common usage. Additionally, this partnership allows Amazon users to make seamless, speedy, and cost-efficient transactions.
Reactions within the cryptocurrency community to the Amazon-Ripple collaboration have been varied. While specific individuals perceive the partnership as potentially insignificant, referencing the current state of the announcement, others foresee the possibility of additional disclosures emerging soon. The exact details of the arrangement are still veiled in secrecy, creating a space for conjecture and eagerness.
The underlying goal of Ripple Labs is committed: to pave the way for a future where cryptocurrencies seamlessly coexist with traditional fiat money, reshaping global transactions.
Bright prospects lie ahead for Ripple and its native cryptocurrency, XRP. As this partnership sets the stage for a new era of financial interactions, Ripple could emerge as a dominant force in the ever-evolving realm of cryptocurrencies. 😁😁😁
The stage is set, and the world watches this transformative saga unfold to pave the way for a future where cryptocurrencies seamlessly coexist with traditional fiat money, reshaping global transactions. 😂😂😂
“The stage is set!” 🕺🕺🕺🕺
Story by Tronweekly
Coinbase to sell crypto futures in the US
Coinbase Global Inc. has been authorized to directly sell cryptocurrency derivatives to retail consumers in the US. According to a company spokesperson, the offering will be launched within a few weeks.
Coinbase has been working to push derivatives for some time. It applied for National Futures Association (NFA) authorization almost two years ago.
In early 2022, it bought the FairX futures exchange, which was already registered with US regulators. Renamed Coinbase Derivatives Exchange, it currently directs traders to buy futures from third parties such as brokers.
But once it receives NFA authorization, Coinbase will be able to provide these same derivatives to users directly, initially through the main Coinbase app.
The company has recently introduced derivatives overseas. In May, it announced the launch of Coinbase International Exchange, which allows institutional users located in eligible jurisdictions outside the US to trade perpetual futures. According to the website, trading volume on the international exchange totaled $2.52 billion over the past 30 days.
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The U.S. Securities and Exchange Commission (SEC) has recently come under scrutiny from members of the House Financial Services Committee (HFSC). These politicians, led by Committee chair Patrick McHenry (R-NC), have expressed concerns over the SEC’s approval of Prometheum, a relatively unknown crypto broker. The Republicans on the Committee have labeled this approval as “shady” and are vocally questioning the timing of this decision, given the broader context of cryptocurrency regulation in the United States.
It’s worth mentioning that during the same month FINRA approved Prometheum, the HFSC held hearings specifically related to the legislation of digital assets.
The goal was to create definitive guidelines for the types of crypto assets over which the SEC would have jurisdiction. SEC Chairman Gary Gensler, who maintains that the current securities laws are sufficient and clearly defined, has used Prometheum’s approval to illustrate that there is a clear route for existing companies to achieve compliance.
As a final note, the HFSC has demanded that the SEC and FINRA disclose all documents and communications pertaining to Prometheum’s approval. They have set a deadline for this disclosure: 5 pm on August 22, which is exactly one week from today.
In this unfolding situation, the HFSC is clearly urging for transparency and clarity, challenging what they perceive to be a dubious approval process by the SEC.
Conspiracy Daily Update 