🚀 New York's BitLicense Faces Criticism at Crypto Summit
#NewYork #BitLicense #CryptoSummit #EricAdams #CryptoBusiness #RegulatorySandbox #CryptoSafeHaven #MikeNovogratz #IndustryGrowth
According to PANews, during New York City's inaugural crypto summit on May 20, attendees urged Mayor Eric Adams to abolish the BitLicense system, criticized as a 'crypto business ban.' Mayor Adams acknowledged the unfair treatment of crypto entrepreneurs and reiterated his commitment to making New York a 'global crypto capital.' Participants proposed the creation of a regulatory sandbox and suggested transforming New York into a 'crypto safe haven.' Galaxy CEO Mike Novogratz also called on the state legislature to advance supportive legislation to foster industry growth.#NewYork #BitLicense #CryptoSummit #EricAdams #CryptoBusiness #RegulatorySandbox #CryptoSafeHaven #MikeNovogratz #IndustryGrowth
🚀 🔥 Binance CEO Richard Teng: “Ambition Is Global, but Business Is Local” 🔥
#Binance #RichardTeng #AmbitionIsGlobalButBusinessIsLocal #GlobalExpansion #LocalMarkets #RegulatoryApprovals #CryptoRegulation #RegulatoryEngagement #CryptoBusiness #UnderstandLocalRules
Key TakeawaysBinance now holds 21 regulatory approvals and serves 280M users worldwide.Richard Teng advises founders to study local markets deeply before scaling globally.Regulatory engagement remains critical as crypto frameworks vary across regions.In a Binance Square AMA, CEO Richard Teng shared lessons from Binance’s global expansion, highlighting the importance of balancing ambition with local execution.“If you want to go global, you must understand local markets deeply. Ambition is global, but business is local,” Teng said. He emphasized that every market has its own regulatory, cultural, and business nuances — requiring founders and investors to engage local stakeholders and adapt strategies accordingly.Binance’s journey has involved securing 21 regulatory approvals and licenses to operate across jurisdictions, a process Teng described as “hard work but essential for building a sustainable business.”He added that in crypto, where regulatory frameworks remain fragmented, founders must be especially diligent: “Understanding local rules is crucial.” #Binance #RichardTeng #AmbitionIsGlobalButBusinessIsLocal #GlobalExpansion #LocalMarkets #RegulatoryApprovals #CryptoRegulation #RegulatoryEngagement #CryptoBusiness #UnderstandLocalRules
🚀 Visa Aims to Integrate Stablecoins into Payment Systems to Maintain Market Leadership
#Visa #Stablecoins #PaymentSystems #CryptoBusiness #MarketLeadership #PaymentCards #EuroStablecoins #GoldmanSachs #UBS #EuropeanBanks #Cryptocurrency
According to PANews, Visa's head of crypto business, Cuy Sheffield, has announced the company's efforts to integrate stablecoins into its existing payment systems to maintain its market leadership. Sheffield acknowledged the current lack of a large-scale merchant acceptance network for stablecoins, emphasizing the need for Visa's channels to facilitate user adoption. Visa's stablecoin settlement volume has reached an annualized run rate of $4.5 billion, showing significant monthly growth. The demand primarily comes from providers of payment cards linked to stablecoins. Sheffield expressed optimism about the development of euro stablecoins, in light of institutions like Goldman Sachs, UBS, and European banks planning to issue their own stablecoins.#Visa #Stablecoins #PaymentSystems #CryptoBusiness #MarketLeadership #PaymentCards #EuroStablecoins #GoldmanSachs #UBS #EuropeanBanks #Cryptocurrency
🚀 Binance Extends P2P Merchant Protection Plan in MENA and South Asia
#Binance #P2P #MerchantProtectionPlan #MENA #SouthAsia #crypto #trading #chargebacks #bankfreezes #USDT #compensation #cryptotrade #cryptobusiness
According to the announcement from Binance, the platform is extending its P2P Merchant Protection Plan to support both new and existing merchants in selected MENA and South Asia countries. This initiative aims to provide a secure trading environment for new merchants and enhance protection for existing ones. The promotion period is set from 2026-02-12 00:00 (UTC) to 2026-06-30 23:59 (UTC).
**Eligibility and Benefits**
New merchants joining Binance P2P during the promotion period will automatically qualify for the Merchant Protection Plan without any minimum trading volume or order count requirements. Existing merchants can also benefit from this plan if they complete P2P orders within the specified period. To qualify for protection against chargebacks or bank freezes, existing merchants must meet a weekly threshold of at least 200 orders and a trading volume of $75,000 or equivalent.
**Compensation Details**
Eligible merchants can receive compensation of up to $500 per affected order, capped at the order amount. Orders from the ad bidding system and those by Gold, Pro, and Shield merchants are eligible for additional compensation up to $500. Compensation is calculated in USDT, based on the real-time USDT price on the date approved by the Binance P2P team.
**Compensation Process**
To qualify for compensation, merchants must submit an application within 30 days after order completion and meet at least two of the following conditions: a judicial authority confirms the merchant’s bank account is frozen for more than 15 days, a judicial authority issues documents to Binance P2P to retrieve the buyer’s order record, or the merchant’s bank account was exclusively used for Binance P2P trades for the past 90 days. Compensation will be paid in USDT token vouchers, up to the capped amount of 500 USDT.#Binance #P2P #MerchantProtectionPlan #MENA #SouthAsia #crypto #trading #chargebacks #bankfreezes #USDT #compensation #cryptotrade #cryptobusiness
🚀 Agant Secures FCA Registration for Upcoming GBPA Stablecoin
#Agant #FCAregistration #stablecoin #GBPA #cryptobusiness #cryptoregulation #UK #antimoneylaundering #poundbackedstablecoin #institutionalusers
Stablecoin issuer Agant has announced its registration with the UK's Financial Conduct Authority (FCA) for crypto asset business operations. According to Foresight News, this registration is in preparation for the launch of its pound-backed stablecoin, GBPA. The registration, granted under UK anti-money laundering regulations, allows Agant to issue the GBPA stablecoin, which will be fully backed by the British pound and pegged at a 1:1 ratio. The stablecoin is primarily targeted at institutional users.#Agant #FCAregistration #stablecoin #GBPA #cryptobusiness #cryptoregulation #UK #antimoneylaundering #poundbackedstablecoin #institutionalusers
🚀 Hyperliquid Launches $29 Million Campaign to Influence U.S. Crypto Policy
#Hyperliquid #CryptoPolicy #USRegulations #Cryptocurrency #Campaign #Washington #CryptoBusiness #RegulatoryFramework
Hyperliquid has unveiled a $29 million initiative aimed at influencing policy decisions in Washington. According to NS3.AI, the campaign seeks to enhance the company's presence and impact on regulatory frameworks that affect the cryptocurrency industry. This effort is part of a larger strategy to shape favorable regulations for crypto businesses in the United States.#Hyperliquid #CryptoPolicy #USRegulations #Cryptocurrency #Campaign #Washington #CryptoBusiness #RegulatoryFramework
🚀 Voltage Launches Credit Line for Instant Bitcoin Payments Settled in USD
#VoltageCredit #BitcoinPayments #USDSettlements #BitcoinLightningNetwork #Cryptocurrency #CryptoBusiness #PaymentSolutions #NS3AI #BTC
Voltage has launched Voltage Credit, a revolving credit line designed to enable businesses to make instant payments using Bitcoin's infrastructure, with settlements in U.S. dollars. According to NS3.AI, this service allows companies to avoid holding cryptocurrency on their balance sheets and eliminates the need for pre-funding. It offers fast finality and low fees through Bitcoin's Lightning Network and on-chain transactions. The product is aimed at both crypto-native and traditional companies looking for efficient payment solutions without the risk of cryptocurrency volatility.#VoltageCredit #BitcoinPayments #USDSettlements #BitcoinLightningNetwork #Cryptocurrency #CryptoBusiness #PaymentSolutions #NS3AI #BTC
🚀 Poland's President Vetoes Cryptocurrency Bill, Raising Regulatory Concerns
#Poland #PresidentVeto #CryptocurrencyBill #MiCA #EUregulations #CryptoRegulation #MarketStability #Compliance #CryptoBusiness #PolandCrypto
Poland's President has vetoed a cryptocurrency market bill for the second time, which was intended to align with the European Union's Markets in Crypto-Assets (MiCA) regulation. According to NS3.AI, this decision prevents the establishment of a national licensing system for crypto firms in Poland. With the EU-wide MiCA implementation deadline set for July 2026, the absence of a clear domestic regulatory framework is causing uncertainty among crypto businesses in the country. This situation raises concerns about compliance and market stability as firms navigate the evolving regulatory landscape.#Poland #PresidentVeto #CryptocurrencyBill #MiCA #EUregulations #CryptoRegulation #MarketStability #Compliance #CryptoBusiness #PolandCrypto
🚀 BSTR Aims for Public Listing Amid Bitcoin Price Declines
#BSTR #Bitcoin #PublicListing #AdamBack #CryptoBusiness #MarketDeclines #TreasuryCompanies #NS3AI #BitcoinPrice #BTC
Adam Back's company, BSTR, is moving forward with its plans for a public listing, targeting approval by April. According to NS3.AI, this decision comes despite recent significant drops in Bitcoin prices and related treasury companies. Back remains optimistic about the future, indicating a continued expansion in the crypto business sector despite current market difficulties.#BSTR #Bitcoin #PublicListing #AdamBack #CryptoBusiness #MarketDeclines #TreasuryCompanies #NS3AI #BitcoinPrice #BTC
🚀 Bitwise Asset Management Acquires Chorus One to Enhance Staking Services
#BitwiseAssetManagement #ChorusOne #stakingservices #cryptoassets #PoS #crypto #acquisition #institutionalinvestors #blockchain #cryptobusiness #DeFi #Solana #Avalanche #Sui #NEAR #Aptos #Tezos #TON #OnchainSolutions #financialplatforms #familyoffices #cryptoinvestment #AVAX #SOL
Bitwise Asset Management, a global crypto asset management firm, announced on February 25 the acquisition of institutional-grade staking service provider Chorus One. According to BlockBeats, the financial details of the transaction have not been disclosed. Chorus One currently manages staking assets valued at over $2 billion.
Chorus One has been integrated into Bitwise's staking business division, Bitwise Onchain Solutions (BOS). This division supports billions of dollars in crypto asset staking, primarily serving institutional investors, family offices, and financial platforms.
The acquisition is expected to accelerate the expansion of BOS's capabilities, including extending staking support to more than 30 Proof-of-Stake (PoS) networks such as Solana, Avalanche, Sui, NEAR, Aptos, Tezos, and TON. Additionally, 50 experienced technical professionals will be added to the team, enhancing the firm's ability to provide clients with leading protocol and governance development research coverage.#BitwiseAssetManagement #ChorusOne #stakingservices #cryptoassets #PoS #crypto #acquisition #institutionalinvestors #blockchain #cryptobusiness #DeFi #Solana #Avalanche #Sui #NEAR #Aptos #Tezos #TON #OnchainSolutions #financialplatforms #familyoffices #cryptoinvestment #AVAX #SOL
🚀 Pakistan Establishes Virtual Asset Regulatory Authority with New Cryptocurrency Law
#Pakistan #cryptocurrency #VirtualAssetRegulatoryAuthority #PVARA #cryptoregulation #cryptolaw #fintech #blockchain #cryptobusiness
Pakistan's parliament has enacted a new cryptocurrency law, establishing the federal Virtual Asset Regulatory Authority (PVARA). According to NS3.AI, this regulatory body will oversee and license service providers, including exchanges and token issuers. The legislation imposes fines of up to $179,000 for operating unlicensed crypto businesses. Additionally, conducting such activities without a license is now a criminal offense, carrying potential prison sentences of up to five years.#Pakistan #cryptocurrency #VirtualAssetRegulatoryAuthority #PVARA #cryptoregulation #cryptolaw #fintech #blockchain #cryptobusiness