Cryptocurrency News Today TheBitTimes.com

1. The Mainland of China’s Crypto News This Week 1.1 Chainalysis Estimates: Chinese OTC Crypto Brokers Saw Quarterly Inflows Exceeding $20 Billion for Three Consecutive Quarters link According to Chainalysis, it is estimated that in the three quarters leading up to June, China’s over-the-counter cryptocurrency brokers saw quarterly inflows exceeding 20 billion dollars, marking a record high since 2021, with a total accumulation of 75.4 billion dollars over nine months. Eric Jardine, head of cybercrime research at Chainalysis, noted that given China’s regulatory landscape, which includes bans on cryptocurrency trading and mining, these services undoubtedly exist in a gray economic zone. Chainalysis also highlighted that approximately 55% of the total value received by Chinese OTC traders comes from transfers exceeding 1 million dollars, though the data currently does not allow for distinguishing whether these transfers originate from wealthy individuals or businesses trading on behalf o...

Binance suspends new UK user registration s in response to recent changes in the country’s crypto marketing regulations set by the Financial Conduct Authority. Binance, one of the world’s leading crypto exchanges, has announced that it will stop the registration of new United Kingdom-based users starting on Oct. 16. This decision comes in a bid to abide by the latest directives set out by the UK’s Financial Conduct Authority (FCA). The regulatory shift, which was instituted on Oct. 8, has given firms registered with the FCA the latitude to either self-approve their advertisements or engage authorized third parties to vet and approve their promotional content. A notable aspect of these regulations is the emphasis on ensuring that the advertisements conform to stipulated standards, thereby fostering a safer and more transparent ecosystem for potential investors. You might also like: Binance withdraws registration in UK amid global crackdown Anticipating...