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Coinbase scraps Turkey plans, wants to dump AML laws
Homepage > News > Business > Coinbase scraps Turkey plans, wants to dump AML laws The Coinbase (NASDAQ: COIN) exchange has hit reverse on its Turkey licensing plans for as-yet unexplained reasons, while its increasingly cocksure CEO thinks crypto firms shouldn’t be subject to anti-money laundering (AML) laws. On December 1, Turkish media reported that Coinbase had withdrawn its ‘pre-application’ to serve local customers with the local government’s permission. Coinbase also requested the liquidation of its Turkish subsidiary, Coinbase Turkey Yazılım Teknolojileri AŞ. The company played coy with its reasoning, saying only that it “remains adaptive to evolving market conditions,...
The Truth Behind the Dogecoin Price Rally Will Shock You, Rival Altcoin to Catch Up and Hit $1
The Dogecoin price movement has been one of the biggest surprises in the crypto space. In what many might find difficult to believe, the Dogecoin price has continuously outperformed Bitcoin (BTC). According to available data on CoinGecko, the price of Dogecoin has increased by over 162% over the past 30 days, while the price of Bitcoin has only appreciated by 33.5% over the same period. This is even more surprising when you consider that BTC hit a historical all-time high of over $99,300 earlier in the month. However, despite all these happenings, prominent crypto market analysts have revealed that an...
Binance Co-Founder Changpeng Zhao Is Being Sued for $1.8 Billion by Sam Bankman-Fried’s Failed Crypto Exchange FTX
Changpeng Zhao, the co-founder and former CEO of crypto exchange Binance, may have thought his legal troubles were over when he was recently released from prison. But on Monday, FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, sued Zhao and Binance over a $1.76 billion stock repurchase. FTX, which is currently in bankruptcy proceedings in Delaware, argues that the funds Binance and its executives received from FTX in the June 2021 were fraudulently transferred because FTX and its affiliated hedge fund, Alameda Research, were “balance-sheet insolvent,” at the time of the deal, according to a filing reported by Bloomberg....
