Blockchain Press Releases - The Blockchain Examiner

bybit-partners-with-blik-to-enable-zero-fee-transactions-for-polish-users

Bybit Partners with BLIK to Enable Zero-Fee Transactions for Polish Users

DUBAI, UAE, July 4, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, is excited to announce its partnership with BLIK, the innovative payment...

bitget-launches-fiat-otc-service-for-block-trade,-supporting-gbp,-eur-and-usd

Blockchain Press Releases6 months ago

Bitget Launches Fiat OTC Service for Block Trade, Supporting GBP, EUR and USD

VICTORIA, Seychelles, July 4, 2024 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, has launched its new fiat Over-the-counter (OTC) platform for block trade. The service...

Blockchain Press Releases6 months ago

Bitget, BitMart and AscendEX Announce Saving Promotions Featuring Stablecoin WUSD, Up to 11% APY

TORTOLA, British Virgin Islands, July 4, 2024 /PRNewswire/ — WSPN, a leading global digital payments company renowned for its commitment to transparency, speed, and efficiency, today announced...

tether-teams-up-with-btguru-to-explore-rwa-use-cases-for-banks-in-turkey

Blockchain6 months ago

Tether teams up with BTguru to explore RWA use cases for banks in Turkey

Tether, the largest stablecoin issuer by market capitalization, is expanding its presence in Turkey through a new collaboration aimed at exploring various tokenization use cases among...

Blockchain6 months ago

Tether, the largest stablecoin issuer by market capitalization, is expanding its presence in Turkey through a new collaboration aimed at exploring various tokenization use cases among Turkish financial lenders. In a recent blog announcement, Tether revealed that it has signed a Memorandum of Understanding (MoU) with the crypto consultancy firm BTguru to develop comprehensive programs and leverage BTguru’s connections to facilitate discussions with financial institutions in Turkey. The collaboration will primarily focus on asset tokenization, exploring real-world asset tokenization use cases for banks. This initiative aims to harness the benefits of tokenization to enhance the efficiency and transparency of financial transactions. Real-world asset (RWA) tokenization could potentially allocate trillions of U.S. dollars. Analysts at McKinsey & Company estimate that the sector’s market capitalization could reach approximately $2 trillion by 2030 under a base scenario. This partnership coincides with significant regulatory developments in Turkey. Turkish President Recep Tayyip Erdoğan recently signed a new bill into law that regulates the crypto industry and outlines penalties for non-compliance. Crypto exchanges seeking to operate legally in Turkey must obtain a license from the Capital Markets Board, the country’s financial regulatory and supervisory agency. Unauthorized crypto platforms offering trading services could face prison sentences of three to five years. Additionally, the new law imposes fines ranging from $7,500 to $182,600 and mandates that crypto providers implement and report measures such as seizures and other legal enforcement actions. The collaboration between Tether and BTguru reflects a strategic move to align with Turkey’s evolving regulatory landscape while fostering innovation in the financial sector. By focusing on tokenization, Tether aims to provide Turkish banks with advanced tools to tokenize real-world assets, potentially transforming traditional banking practices and enhancing compliance with new regulations. This initiative not only positions Tether at the forefront of financial innovation in Turkey but also sets a precedent for other crypto firms looking to navigate complex regulatory environments. As Tether deepens its engagement with Turkish financial institutions, the move could encourage broader adoption of blockchain technology in traditional finance, thereby fostering a more integrated and compliant digital asset ecosystem. The strategic partnership with BTguru and the proactive approach to regulatory compliance underscore Tether’s commitment to expanding its global footprint while adhering to local laws and promoting the benefits of asset tokenization in the financial sector.

Tether, the largest stablecoin issuer by market capitalization, is expanding its presence in Turkey through a new collaboration aimed at exploring various tokenization use cases among...

smx-introduces-blockchain-solution-for-rubber-supply-chain-transparency

Blockchain6 months ago

SMX Introduces Blockchain Solution for Rubber Supply Chain Transparency

SMX Public Limited Company (SMX) has released an update unveiling a groundbreaking blockchain-based reporting system aimed at enhancing supply chain transparency and compliance, specifically targeting the...

ton-blockchain-integration-enhances-digital-asset-security

Blockchain6 months ago

TON blockchain integration enhances digital asset security

Cobo, a digital asset custody and wallet provider, has announced that it will support The Open Network (TON). This integration brings Cobo’s comprehensive custody solutions to...

binance-adjusts-services-in-turkey-following-new-crypto-regulations

Blockchain6 months ago

Binance Adjusts Services in Turkey Following New Crypto Regulations

Binance, a leading cryptocurrency exchange, has announced a series of adjustments to its services in Turkey in response to new regulatory requirements. The company emphasized its...

mudrex-and-koinx-team-up-to-simplify-crypto-taxation-in-india

Blockchain6 months ago

Mudrex and KoinX Team Up to Simplify Crypto Taxation in India

In a significant move aimed at simplifying crypto tax compliance for Indian investors, KoinX, India’s leading crypto tax software, has forged a strategic partnership with Mudrex,...

binance-cleared-to-operate-in-india,-subject-to-a-$2.25-million-fine-and-compliance

Blockchain6 months ago

Binance cleared to operate in India, subject to a $2.25-million fine and compliance

Binance, the world’s largest cryptocurrency exchange, received a notice on Wednesday from India’s Financial Intelligence Unit (FIU-IND), which fined it $2.25 million (₹18.8 crore) for operating...