Know-Your-Customer Rules on Crypto Wallets is Back
The rule was rejected by the industry leaders earlier saying, it’s not possible for certain wallets to follow it as it’s not controlled by people and can be burdensome on individuals.
Category: Blockchain Assets
India to begin phased rollout of its own digital currency this year
India’s central bank is working on a phased implementation of the digital currency with little or no disruption
Facebook’s cryptocurrency Diem sold to Silvergate Capital
The assets acquired by Silvergate include development, deployment, and operations infrastructure and tools for running a blockchain-based payment network designed to facilitate payments for commerce and cross-border remittances
FTX closes $400mn series C pushing valuation to $32bn
The Series C round is the crypto exchange’s third fundraise to occur in the past six months, bringing the total amount raised to $1.8 billion with FTX’s valuation increasing by over 75% in that period