FDIC announces First Citizens Bank has acquired Silicon Valley Bank | Binance Daily (March 28)

Binance News · 2023-03-28T04:34:14.000Z

● FDIC announced that First Citizens Bank has acquired Silicon Valley Bank and assumed all of its deposits and loans According to official news, the U.S. Federal Deposit Insurance Corporation (FDIC) announced that it has entered into a purchase agreement with First-Citizens Bank & Trust Company for all deposits and loans of Silicon Valley Bridge Bank, National Association. and undertaking agreement. (Daily Planet) ● Binance opens regional center in Georgia to boost cryptocurrency adoption there Binance opens a regional center in Georgia with the aim of strengthening talent recruitment, promoting blockchain education, and accelerating cryptocurrency adoption in the region. Binance said it currently has a team of 25 people in Georgia and expects to add dozens of jobs by the end of 2023 as the regional center launches.

● FDIC announces that First Citizens Bank has acquired Silicon Valley Bank and assumed all of its deposits and loans
According to official news, the Federal Deposit Insurance Corporation (FDIC) announced that it has signed a purchase and assumption agreement with First-Citizens Bank & Trust Company for all deposits and loans of Silicon Valley Bridge Bank, National Association. (Planet Daily)
● Binance opens regional center in Georgia to promote cryptocurrency adoption
Binance opened a regional center in Georgia to strengthen talent recruitment, promote blockchain education, and accelerate cryptocurrency adoption in the region. Binance said that the current team in Georgia has 25 people, and with the launch of the regional center, it is expected to add dozens of jobs by the end of 2023.
● EU data law requires smart contracts to include kill switches
Smart contracts must include a kill switch under a revised version of the EU data law published by EU member states on Monday. The EU Council, which represents national governments, agreed on the text on Friday, and its proposal appears to echo one already favored by lawmakers in the European Parliament. The final wording of the law must now be negotiated by the Parliament and the Council under the mediation of the European Commission. (CoinDesk)
● The EU will vote on March 28 to ban anonymous self-hosted wallets from transferring large amounts of crypto assets
The European Union will vote on a new anti-money laundering plan on March 28 to ban anonymous self-hosted wallets from transferring large amounts of crypto assets. Under the current proposal, traders will be prohibited from making or receiving anonymous cryptocurrency transfers of more than 1,000 euros ($1,080). (CoinDesk)
● Binance responds to CFTC lawsuit: will continue to cooperate with regulators in the United States and around the world
Media released news that the U.S. Commodity Futures Trading Commission (CFTC) sued Binance and Binance founder and CEO Changpeng Zhao (CZ) for violating regulatory provisions. In response, a Binance spokesperson said that the prosecution was unexpected and disappointing because Binance has been working with the CFTC for more than two years. Binance still intends to continue to work with regulators in the United States and around the world to protect users and develop a clear and comprehensive regulatory system.
● CZ: Use various means to prohibit US users from accessing Binance.com
Changpeng Zhao (CZ), founder and CEO of Binance, responded to the CFTC's lawsuit on the official website. He said that Binance.com has developed first-class technology to ensure compliance. Binance blocks American users through various means such as nationality, IP address, mobile operator, device fingerprint, bank deposits and withdrawals, blockchain deposits and withdrawals, and credit card bank identification codes.