Furthermore, Binance also claims that the firm has not been warned by law enforcement and government services before the blacklisting of its domain. So far, the company consulted with lawyers and announced that it will continue offering its services to Russia’s citizens.
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Indian crypto exchanges are scrambling for ways to avoid an outright ban (Photo: Scopio/Abhishek Yadav)Indian exchange proposes sandbox to avoid countrywide crypto ban
BuyUcoin says its proposals have been drawn up in conjunction with other Indian trading platforms but there’s no guarantee that the government will listen
“This is the first milestone of a long journey for making cryptocurrency accessible to the masses,” BuyUcoin CEO and co-founder Shivam Thakral said. “The draft of the sandbox is driven by input from crypto experts and industry insiders. This will not only help the government to make laws, but will also guide startups and budding entrepreneurs to enter this blooming industry.”
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Binance CEO CZ could seize control of Uniswap, according to a new Glassnode report. But would he? (Photo: CoinMarketCap)Binance has control of Uniswap’s ‘decentralized governance’ system: report
The Uniswap team and Binance could both take control of the DeFi token’s “decentralized governance” system, powered by the UNI token
Uniswap decided to decentralize its protocol governance to compete with the Sushiswap fork, but a new report suggests protocol control will remain centralized for quite a while. Crypto research firm Glassnode suggested in a Sept. 24 report that Uniswap’s governance decentralization will be for appearances only. In the paper, Glassnode explains that Uniswap’s UNI governance token was introduced as an answer to Sushiswap’s SUSHI governance token. The issuance of the decentralized finance (DeFi) token is presumably a measure meant to ensure that the original protocol remains competitive against its newer fork. Still, the report claims that Uniswap’s “transition toward token-based governance via the UNI token falls far short of true…
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The digital yuan will soon be coming to the rest of China, including financial center Shanghai (Photo: Pixabay/Renjinpeng)Digital yuan faces internal testing ahead of full-scale deployment
Having passed limited roll-outs in seven cities including Beijing and Hong Kong, China’s digital currency is undergoing full-scale internal testing ahead of a broader launch
“The internal testing is mainly to test the technical reliability and maturity of the digital currency," said Fan Yifei, deputy governor of the PBoC. "The internal test requires that the digital currency should only run within a very clear boundary, which is quite demanding for the test scenario.”