14 June

|

11:15 PM UTC
14 June

|

11:15 PM

Crypto News – September 8th

The International Monetary Fund (IMF) backs global regulatory framework

Aditya Narain and Marina Moretti, senior executives at IMF, suggested that a global regulatory framework for crypto assets is needed in order to protect users. The framework will bring order to the markets, help instill consumer confidence, lay out the limits of what is permissible, and provide a safe space for useful innovation to continue.

El Salvador celebrates Bitcoin anniversary when the price of Bitcoin is in a period of ups and downs 

El Salvador’s first Bitcoin anniversary comes amid BTC losing over 60% of value in one year, but that doesn’t really mean that the country’s Bitcoin experiment has failed.

Alejandro Zelaya, El Salvador Minister of Finance, previously emphasized that despite dropping prices, the country didn’t experience any losses on its BTC purchases because they did not sell the coins. 

Crypto Exchange FTX Announces Its Partnership With GameStop

The partnership is intended to introduce more GameStop customers to the FTX community and its marketplaces for digital assets. Additionally, the company will begin carrying FTX gift cards in select stores nationwide. These exact stores remain unnamed.

This is a promising collaboration and is regarded as one of the new directions of FTX.

Binance stops supporting USDC to promote BUSD in its ecosystem

Binance, the issuer of the world’s third-largest stablecoin, said on Monday it would convert customers’ holdings in three rival stablecoins USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into its own stablecoin (BUSD) on September 29th to enhance liquidity and capital-efficiency for users.

This will not affect users’ choice of withdrawal: Users will continue to be able to withdraw funds in USDC, USDP and TUSD at a 1:1 ratio to their BUSD-denominated account balance.

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