Bitcoin, Ether up; Binance registers with Italy's regulator; Russia to allow crypto for international payments
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Loading... - Pauline Roussel
- 09 Jun 2022
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Bitcoin, the leading cryptocurrency internationally, traded higher on Sunday, down 0.60 percent to $29,016 as of 10:04 a.m. Riyadh time.
Ether, the second most traded cryptocurrency, was priced at $1,781, up 0.88 percent, according to data from Coindesk.
Binance registers with Italy’s regulator
Binance said on Friday its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe.
The registration of Binance Italy, which was established in recent months, could potentially make the company more accountable and reduce the prospects for money laundering.
Binance said it could now open offices in Italy and expand the local team. The company is one of the 14 virtual asset operators to be registered with the Organismo degli Agenti e dei Mediatori, also known as the OAM, which regulates the crypto industry in Italy.
The move comes almost a year after Binance was forced to dial back on its product offerings across Europe after coming under scrutiny from regulators. In Italy, the company had to wind down its futures and derivatives business.
Earlier this month, Binance’s Chief Executive Officer Changpeng Zhao said the company had also registered with France’s market regulator. Binance is also seeking registration in Switzerland, Sweden, Spain, Netherlands, Portugal and Austria.
Russia mulls allowing cryptocurrency for international payments
Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official as saying on Friday.
“The idea of using digital currencies in transactions for international settlements is being actively discussed,” Ivan Chebeskov, head of the finance ministry’s financial policy department, was quoted as saying.
Russian officials are wrestling with how to regulate the country’s crypto market and use of digital currencies, with the finance ministry opposed to the central bank’s calls for a blanket ban. Read More...
