Cryptocurrency exchange giant Binance has announced its decision to divest its Russian business to the newly-launched exchange CommEX, marking another instance of international companies exiting Moscow following Russia’s actions in Ukraine. While the financial terms of the deal were not disclosed, Binance clarified that it will not receive ongoing revenue shares from the sale and will not retain an…
The G20 leaders have affirmed their commitment to the prompt implementation of the Crypto Asset Reporting Framework (CARF), aimed at preventing tax evasion through non-financial assets. The CARF will facilitate the exchange of information concerning crypto assets among member nations, with a target to commence exchanges by 2027. This move seeks to deter individuals from using such assets to…
PayPal, the US online payment giant, has launched PYUSD – their own stablecoin pegged to the US dollar. Based on PayPal’s huge user base, crypto scammers acted to take advantage of the opportunity to hunt down victims. Within the first few hours of its launch, a series of misleadingly named crypto tokens surrounding the stablecoin PYUSD, which resemble its…