Topics

Posted 10/1/2023, 9:15:51 AM

New Compliant Crypto Exchange Backed by Billions Launching in Abu Dhabi, Poised to Rival Binance and FTX

New regulatory-compliant crypto exchange M2 launching in Abu Dhabi, expected to rival Binance and FTX
Backed by billions of dollars, will focus on ownership transparency and compliance
Venture capitalist Kevin O'Leary says this shows opportunities moving abroad due to US regulations
Serves as wake-up call to US lawmakers and regulators like SEC's Gensler
If US doesn't embrace crypto, innovation will happen elsewhere like Abu Dhabi

dailyhodl.com

Relevant topic timeline:

8/22/2023

Binance Needs to Get Off Twitter

Binance, the world's largest cryptocurrency exchange, caused confusion by mistakenly announcing on social media that euro transactions were no longer available, but it was clarified that euro transactions will continue until September 25th with Binance's banking partner in the region. However, the exchange is currently facing legal troubles and difficulties in various countries, making it challenging to find alternatives.

8/25/2023

Visa And Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange: Experts

Visa and Mastercard's decision to reduce their partnerships with Binance, the largest crypto exchange, amid legal challenges is expected but unlikely to impact Binance's market share due to its global reach and liquidity.

8/28/2023

Binance says it ‘continues to serve’ Belgian users via Poland entity

Crypto exchange Binance's Poland entity, Binance Poland, will provide services to residents of Belgium in compliance with regulatory obligations, following an order from the Belgian Financial Services and Markets Authority (FSMA) to stop offering crypto services due to violations of AML and CFT requirements.

9/13/2023

Binance.US CEO Departs, BitMEX Launches Prediction Market Amid Falling Crypto Liquidity

Binance.US CEO departs and workforce is reduced as the crypto exchange faces pressure from regulatory actions, while BitMEX launches a prediction market and FTX amends its crypto asset sale proposal.

10/9/2023

Crypto Firms Adapt Services to Comply with New UK Crypto Promotion Rules

Major global cryptocurrency exchanges like Binance and OKX are working to comply with the United Kingdom's new financial promotion regulations to ensure fair and transparent crypto promotions, while some firms have been listed as "non-authorized" for promoting services without permission.

10/18/2023

Crypto Companies Flock to Middle East Seeking Regulatory Clarity

Cryptocurrency exchanges and businesses are being attracted to the UAE, Dubai, and Bahrain due to their progressive regulatory approaches, offering regulatory certainty and clarity for the industry.

10/19/2023

FTX Used $1.2 Billion in Customer Funds to Buy Out Binance, Bankruptcy Estate May Seek Clawbacks

Binance, the world's largest crypto exchange, may face legal obligations to return over $1.2 billion in customer funds to the bankruptcy estate of FTX, as testified by an accounting professor during the trial of former FTX CEO Sam Bankman-Fried for fraud. While Binance's assets are not primarily located in the US, there are potential implications for the exchange's access to US markets and courts.

10/19/2023

Binance Secures New EUR Partners After Paysafe Halt; Faces Ongoing Regulatory Pressure

Crypto exchange Binance has onboarded new fiat service providers for euro payments, deposits, and withdrawals in Europe after its former provider halted services, offering EUR deposits and withdrawals via SEPA and EUR spot trading pairs.

10/25/2023

FTX Sells $8.6M in Crypto Assets to Repay Creditors Amid Ongoing SBF Trial

Collapsed crypto exchange FTX is transferring $8.6 million in Ethereum, Chainlink, Aave, and Maker to Binance, indicating the beginning of a sale to repay creditors after going bankrupt, according to analysts.

Topics

Posted 10/1/2023, 9:15:51 AM

New Compliant Crypto Exchange Backed by Billions Launching in Abu Dhabi, Poised to Rival Binance and FTX

New regulatory-compliant crypto exchange M2 launching in Abu Dhabi, expected to rival Binance and FTX
Backed by billions of dollars, will focus on ownership transparency and compliance
Venture capitalist Kevin O'Leary says this shows opportunities moving abroad due to US regulations
Serves as wake-up call to US lawmakers and regulators like SEC's Gensler
If US doesn't embrace crypto, innovation will happen elsewhere like Abu Dhabi

dailyhodl.com

Relevant topic timeline:

8/22/2023

Binance Needs to Get Off Twitter

8/25/2023

Visa And Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange: Experts

8/28/2023

Binance says it ‘continues to serve’ Belgian users via Poland entity

9/13/2023

Binance.US CEO Departs, BitMEX Launches Prediction Market Amid Falling Crypto Liquidity

Binance.US CEO departs and workforce is reduced as the crypto exchange faces pressure from regulatory actions, while BitMEX launches a prediction market and FTX amends its crypto asset sale proposal.

10/9/2023

Crypto Firms Adapt Services to Comply with New UK Crypto Promotion Rules

10/18/2023

Crypto Companies Flock to Middle East Seeking Regulatory Clarity

Cryptocurrency exchanges and businesses are being attracted to the UAE, Dubai, and Bahrain due to their progressive regulatory approaches, offering regulatory certainty and clarity for the industry.

10/19/2023

FTX Used $1.2 Billion in Customer Funds to Buy Out Binance, Bankruptcy Estate May Seek Clawbacks

10/19/2023

Binance Secures New EUR Partners After Paysafe Halt; Faces Ongoing Regulatory Pressure

10/25/2023

FTX Sells $8.6M in Crypto Assets to Repay Creditors Amid Ongoing SBF Trial