Denmark’s financial regulators are taking severe action on cryptocurrency exchanges and payment processors, implementing a ban on local banks holding cryptocurrencies to safeguard against trading risks, resulting in the Danish Financial Supervisory Authority (DFSA) instructing Saxo Bank to sell its crypto holdings.
The SEC is implementing stricter regulations for cryptocurrency trading, focusing on investor protection and requiring digital asset operators to include risk disclosure in their advertisements.
Bybit, a top global cryptocurrency exchange, has released P2P HotSwap, a groundbreaking service that allows users to directly buy cryptocurrencies using various offline payment methods, streamlining trading and improving liquidity for fiat-to-crypto transactions, according to Bybit’s CEO, Ben Zhou.
A member of the community expressed admiration for the bot, stating that any profit is profit. Meanwhile, another member commented that this event serves as a testament to the severity of the bear market.
IsDBI and SettleMint have partnered to launch a blockchain-based Smart Stabilization System (SSS) to prevent sudden price fluctuations caused by market speculation in financial markets.
Hong Kong is lifting its ban on retail trading of cryptocurrencies, with revised regulations to take effect on June 1, 2023, as the Securities and Futures Commission allows authorized entities to offer services to retail investors with safeguards in place.
Instagram will soon include tools for creating and trading NFTs, although in-app purchases will be “subject to appropriate app store fees.”
