600: Binance's Multichain Protocol Issues & DBS Bank's CBDC Solution

Overnighters,

Episode 600:
Binance Australia Offices Searched
CBDC Alert (Singapore)
Scams Dipped in 2023
and More

The TL;DL

Binance Australia Offices Searched - Binance faces regulatory scrutiny in Australia and globally, with ASIC searching its Australian offices. Amid legal challenges, Binance continues to operate, recently listing PENDLE in its Innovation Zone.

CBDC Alert (Singapore) - DBS Bank in Singapore launches a service for businesses to receive payments in e-CNY, the digital version of the Chinese yuan. This move simplifies the payment process and paves the way for the future of digital payments.

UK Lords Pass Seize and Freeze - The UK takes a significant step towards regulating cryptocurrencies with the Economic Crime and Corporate Transparency Bill. The bill aims to help law enforcement agencies seize and freeze cryptocurrencies used for criminal activities.

Saxo Bank to Shed Crypto - Denmark's financial regulator has instructed Saxo Bank to divest from its cryptocurrency holdings. This directive highlights the ongoing regulatory challenges that financial institutions face when dealing with cryptocurrencies.

France's Crypto-Friendly Regulations - France's financial market regulator, the AMF, publishes a paper aiming to define decentralized finance (DeFi) and provide an overview of the sector. This move signals a welcoming approach to the crypto industry.

Scams Dipped in 2023 - The first half of 2023 saw a significant decrease in losses from scams and hacks in the cryptocurrency world. Despite the decrease, the industry continues to improve its security measures to prevent future attacks.

Crypto Overnighter Podcast (7/5/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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