China News by Thebittimes.Com

Author: Maria Noor Maria Noor is currently working in the field of AI and is also an OSINT freelancer. She writes and publishes news articles in the field of cryptocurrency, helping to develop the new field of crypto journalism. Maria has been involved in a number of cryptocurrency projects using AI. She has a Bachelor’s in Media and Communication from the American University of Beirut (AUB). Amid escalating economic challenges and international sanctions, cryptocurrency users in Iran are becoming increasingly concerned about the security and reliability of centralized exchanges. Reports have emerged that users have faced asset freezes and account blocks on international exchanges due to transactions related to Iranian centralized exchanges like Nobitex. Because of primary and secondary U.S. sanctions, international centralized exchanges are prohibited from providing services to Iranian users. Strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations have made legal a...

A fintech bill , which seeks to regulate fintech and cryptocurrency-related activities in Chile, has been approved by the deputy chamber of the congress, leaving it ready to be sanctioned by the president of Chile, Gabriel Boric. According to individuals in the sector, the bill is directed to stimulate innovation and competition in an unregulated market . Fintech Bill Almost Law in Chile A fintech-related bill, that seeks to bring clarity to institutions providing digital and cryptocurrency-based services, has been approved by the deputy chamber of the congress in Chile. The project, which was approved without any votes against it in the Chilean senate, is now in the hands of President Gabriel Boric, who must sign it for it to be sanctioned. The bill includes in its scope the oversight of cryptocurrency exchanges, and defines cryptocurrency assets as a “digital representation of exchange units of money, goods or services.” It also broadens the regulatory reach of the Fin...