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Stablecoin Issuers Race to Meet EU Regulations Deadline
By Mark Hunter 2 months agoFri Jun 28 2024 09:02:37 Reading Time: 3 minutes Stablecoin providers have been racing to comply with new EU regulations effective June 30 New rules require stablecoin issuers to obtain authorization and face transaction limits in the EU Some EU-based exchanges have already removed certain stablecoins in anticipation of these regulations Tether , Circle, and other major stablecoin issuers are racing to get their ducks in a row within the EU before new regulations kick in on June 30. Starting Monday, new rules will require stablecoin issuers to obtain proper authorization to operate within the...
Binance Coin hit hard: BNB loses 31%—Brace for more pain?
contributor The BNB price plunges 31% amidst a broader market crash. Widespread liquidations and outflows exacerbate the downturn. Binance Coin [BNB] has been badly affected, leading to a steep fall of 31% over the past four days. This decline was part of a wider market crash that has led to major losses for most cryptocurrencies. The global crypto market was suffering from sell-offs, and BNB was not an exception. From $634.1 per coin to $434.5, the price of this coin went down, breaking crucial support levels, thus raising fears of further declines in the future. Source: Tradingview The stochastic relative...
Justin Sun Appointed Adviser to Donald Trump's Crypto Project
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