Binance CEO CZ Exposes US Vs China Hong Kong Crypto Scene

Also Read: Mastercard Says Expanding Crypto Card Program

advertisement

Not just lawmakers and crypto traders, but several US judges had ruled against the SEC’s position on crypto companies. In recent times, the US agency received unfavorable rulings in crypto related cases including the Grayscale and Ripple XRP lawsuits. Read More to know about Key US SEC Crypto Lawsuit Failures Every Investor Should Know

CZ Sheds Light On Hong Kong Crypto Policy Easing

Bitcoin Campaign

The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT.

Signup Ad

In what appears to be criticism directed at the US regulators, CZ shared a report about the Hong Kong central banking asking local banks to give banking services access to crypto businesses. Earlier, CoinGape reported that the Hong Kong Monetary Authority (HKMA) had on Thursday asked the banks to encourage banking operations with crypto companies. This is in sharp contrast to the United States banking scene, where all banks are restricted from giving banking access to crypto firms, which led to difficulty around Dollar based transactions for Binance.

Trending Stories
XRP Price
Rising Supply Pressure Traps XRP Price In Narrow Consolidation; Still a Good Investment?
24/7 Cryptocurrency News
BTC Price Prediction
BTC Price Prediction: Will Bitcoin Price Surpass $30000 Mark Before April End?
24/7 Cryptocurrency News
SOL Price Prediction
SOL Price Prediction: Bullish Pattern Sets Solana Price for 22% Rise; Enter Today?
24/7 Cryptocurrency News
XRP Price Prediction
XRP Price Prediction: XRP Price Coiling Up Before a Massive Move; Enter Now?
24/7 Cryptocurrency News
Ethereum (ETH) Withdrawn After Shanghai (Shapella) Upgrade: Details
ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10% Rally Ahead
24/7 Cryptocurrency News

When asked about China’s previous stance of banning crypto, CZ replied saying, “things change.”

Also Read: Can Terra’s New USTC Repeg Proposal Bring LUNC Price Back To $1?

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Bitcoin, Ethereum Technical Analysis: BTC Rebounds on Friday, as NFP Report Looms

Hình ảnh
Cryptocurrency prices rebounded on Friday, as markets prepared for the latest U.S. nonfarm payrolls (NFP) report. It is expected that 200,000 jobs will have been added to the United States workforce, which comes as job openings once again trended higher. Bitcoin moved away from a recent floor of $20,060, with ethereum surging closer to $1,600 ahead of today&#x2019 ;s report. Bitcoin Bitcoin (BTC) prices rebounded on Friday, as markets began to prepare for the release of October’s nonfarm payrolls report. The jobs day report is expected to show that 200,000 jobs were added to the U.S. economy last month, lower than September’s figure of 263,000. BTC/USD rallied to a peak of $20,642.81 ahead of the report, moving away from Thursday’s low of $20,086.24 in the process. BTC/USD – Daily Chart Today’s surge sees the world&#x2019 ;s largest token move towards a ceiling of $20,800, which was last hit on October 30. Since last week’s failed breakout, BTC mostly traded lower in t
Đọc thêm

China Fines Bitmain $3.6 Million for Tax Violations, Report

Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices designed for cryptocurrency mining, Bitmain, has reportedly been fined for unpaid taxes. The news was spread on social media by Chinese crypto journalist Colin Wu, also known by his Twitter handle ‘Wu Blockchain.’ Bitmain, the world’s largest bitcoin mining machine company, was fined about $3.55 million by the Beijing tax bureau in April, mainly for unpaid personal income taxes. https://t.co/wbXF3pFYxn — Wu Blockchain (@WuBlockchain) April 11, 2023 Wu referred to a report by Sina Finance on Tuesday, according to which Beijing Bitmain Technology is facing a hefty fine of nearly 25 million yuan (over $3.6 million a
Đọc thêm

Microstrategy acquires an additional 5,445 bitcoins

MicroStrategy says it acquired the additional 5,445 bitcoins for $147.3 million at the average price of $27,053 per coin. The company now holds 158,245 bitcoins acquired for a total of $4.68 billion. MicroStrategy Inc. (NASDAQ: MSTR), a leading finance software company, has added to its Bitcoin (BTC) haul again. In crypto news shared on Monday by Michael Saylor, the company’s founder and chairman, MicroStrategy recently acquired an additional 5,445 bitcoins to bring its total BTC holdings to over 158k. MicroStrategy now holds 158,245 bitcoins According to a filing with the US Securities and Exchanges Commission (SEC), MicroStrategy purchased the BTC for $147.3 million, acquiring each coin at the average price of $27,053. Per the document, the company now holds 158,245 BTC, which was cumulatively acquired for $4.68 billion. The average price of the entire acquisition is $29,582 per bitcoin. Saylor shared the news on his official X account on Monday. Micr
Đọc thêm