EU watchdog warns of offshore crypto risks under MiCA regulation

The European Securities and Markets Authority warns crypto companies operating globally of the potential risks that may arise while seeking authorization under MiCA.

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Crypto: China Monetizes Seized Digital Assets to Fund Budget

China is selling crypto assets that have been confiscated by law enforcement for the purpose of funding local budgets.

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Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive

Li Ka-chung emphasized Hong Kong's potential in leveraging its strengths as an international financial center and driving the development of cutting-edge technologies, particularly in the realm of Web3.0. (Read More)

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Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEO

Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.

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Coinbase CEO: Regulate centralized actors but leave DeFi alone

Armstrong said that because centralized exchanges and custodians have the most risk of causing consumer harm, regulators must focus there first and foremost.

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Coinbase gets Bermuda license, reportedly plans launch of offshore exchange

United States-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and it’s reportedly set to launch a derivatives exchange based there as soon as next week. According to an April 19 blog post, Coinbase revealed it had “received our regulatory license to operate from the Bermuda Monetary Authority” — the nation’s financial regulator. [...]

The post Coinbase gets Bermuda license, reportedly plans launch of offshore exchange appeared first on Crypto Breaking News.

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Vietnam police bust crypto scam ring linked to offshore actors

Vietnamese police arrest five individuals linked to a crypto scam network, unraveling an offshore-led operation targeting unsuspecting victims.

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US entities hold 65% more Bitcoin than offshore players CryptoQuant

In the past 24 hours, $521 million has been liquidated from the crypto market.

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HKMA Launches Offshore RMB Bond Repo Arrangement via Northbound Bond Connect

The Hong Kong Monetary Authority announces a new offshore RMB bond repurchase business, enhancing liquidity management and the city's role as an offshore RMB hub. (Read More)

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Crypto firms won't leave US despite apparent hostility: Merkle Science CEO

Merkle Science CEO Mriganka Pattnaik has offered a “contrarian” take, explaining that crypto firms won't be vanishing from the United States anytime soon.

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U.S. exchanges are seeing fewer outflows than offshore competitors

Monitoring exchange inflows and outflows is a crucial aspect of market analysis. These metrics often serve as a barometer for market sentiment, providing insights into investor behavior and potential price movements. Recent data analysis reveals a noteworthy trend in the cryptocurrency market: U.S.-based exchanges are seeing significantly fewer Bitcoin outflows than their offshore counterparts. Data […]

The post U.S. exchanges are seeing fewer outflows than offshore competitors appeared first on CryptoSlate.

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FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust

In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed FTX reorganization plan is targeting a comprehensive settlement between [...]

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