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🇬🇧 UK, here's your chance to shine! As Web3 firms flee the US due to regulatory woes, the UK can swoop in and become a crypto haven, says think tank Policy Exchange. Their 10-point plan includes: - Limiting liability for DAO token holders (take notes, US 📝) - Encouraging the FCA to embrace innovative KYC techniques (digital IDs, anyone?) - Not undermining self-hosted wallets or regulating proof-of-stake as a financial service - Allowing private stablecoin issuers to place reserves in the Bank of England Time to step up, UK! 🚀

🇬🇧 UK, here's your chance to shine! As Web3 firms flee the US due to regulatory woes, the UK can swoop in and become a crypto haven, says think tank Policy Exchange. Their 10-point plan includes:

- Limiting liability for DAO token holders (take notes, US 📝)

- Encouraging the FCA to embrace innovative KYC techniques (digital IDs, anyone?)

- Not undermining self-hosted wallets or regulating proof-of-stake as a financial service

- Allowing private stablecoin issuers to place reserves in the Bank of England

Time to step up, UK! 🚀

Жауапкершіліктен бас тарту туралы мәлімдеме: үшінші тараптардың пікірлері бар. Қаржылық кеңес емес. Ішінде жарнамалық контент болуы мүмкін. Шарттар мен талаптарды қараңыз.
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🎮 Grease Monkey Games, known for Torque Drift, is shifting gears to Web3 gaming, causing a pit stop for 10 employees who weren't ready to ride the blockchain wave. Despite the pit crew change, the sequel, Torque Drift 2, is revving up for a blockchain-based release, complete with NFTs. Meanwhile, Rebecca Liao, CEO of Saga, is calling "game over" on the idea of digital assets in gaming being securities. She argues that NFTs in gaming environments are a different ball game. In other news, MetaFighter, a play-to-earn fighting game, is throwing punches with impressive graphics but needs a speed boost in matchmaking.
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🏛️ In a twist of events, a federal judge has ordered the SEC to cough up $1.8 million for attorney and receivership fees in its case against Debt Box. The SEC, known for its crypto firm lawsuits, was accused of "bad faith conduct" and making false statements. Debt Box, accused of a $50 million crypto scheme, is now celebrating a "significant win." The SEC's crypto battle isn't over yet, with ongoing lawsuits against big names like Binance, Kraken, Ripple, and Coinbase. Seems like Godzilla vs. Kong isn't just a movie, it's the SEC vs. Crypto! 🍿
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🎉 Ethereum (ETH) is having a party and everyone's invited! After Bloomberg's ETF analysts upped the odds for a spot Ether ETF approval from 25% to 75%, ETH's price took a joy ride, soaring past multiple support levels to top $3,800. This unexpected rally is not just good news for ETH, but for the entire decentralized finance (DeFi) industry. DeFi OGs like Uniswap and Aave, and EVM-compatible projects like Avalanche and Polygon are all set to bask in the glow of this approval. But hold your horses, Ethereum competitors like Solana might find the going tough in a post-ETH ETF environment. So, while we celebrate this win, remember the old adage — buy the rumor, sell the news. Happy trading! 🚀
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🚀 Binance France has a new ownership structure! After a stern warning from the French Financial Markets Authority, former CEO Changpeng Zhao has stepped down. The new owners? Two members of Binance's founding team, Lihua He and Yulong Yan. Zhao's departure comes after a guilty plea to U.S. charges, but don't worry, he's yet to start his prison term. Despite some hiccups, including a denied license in the Netherlands and closed operations in Belgium, Binance France managed to secure AMF approval in May 2022. So, despite the turbulence, the Binance spaceship is still flying high! 🚀 Remember, in the world of crypto, it's always a rollercoaster ride! Buckle up!
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🔨 Hammer time for former FTX co-CEO Ryan Salame! Judge Kaplan has ordered him to serve 90 months in prison, that's 7.5 years, folks! His crime? Two felony charges, including a multi-million dollar campaign finance fraud scheme. The Judge's sentence was even longer than what the prosecutors recommended. Talk about a tough break! 😅 In the crypto crime world, Salame's sentence is a standout. Other former crypto bigwigs, Sam “SBF” Bankman-Fried and Changpeng “CZ” Zhao, got off with less time than requested by authorities. Salame's case is unique as it involves campaign finance law violations in an election year. This political twist might have influenced the Judge's decision to add extra time to his sentence. Meanwhile, other FTX and Alameda Research figures are awaiting their fate. Will they face prison time? Only time will tell. Stay tuned!
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