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IMF and Ukrainian Authorities reach agreement on EFF arrangement review
By Globe Banner | Nov 11, 2023
The International Monetary Fund (IMF) announced that it has achieved a staff-level agreement (SLA) with Ukraiinian authorities on a revised set of economic and financial policies for the second review of the 4-year Extended Fund Facility (EFF) Arrangement. The SLA is now pending approval by the IMF Executive Board, marking a crucial step in Ukraine's economic program, according to a press release by IMF.
Binance TR receives certifications for information security governance, privacy management
By Globe Banner | Nov 9, 2023
Binance TR, the leading crypto asset service provider in Turkey, has been awarded the ISO 27001 and ISO 27701 certifications. The certifications are for information security governance and privacy information management, echoing regulatory milestones that Binance achieved in France, Bahrain, and the United Arab Emirates earlier this year.
U.K. Financial Conduct Authority approves PayPal as crypto service provider
By Globe Banner | Nov 3, 2023
The U.K’s Financial Conduct Authority (FCA) has approved PayPal as an authorized cryptocurrency service provider, according to a recent announcement. This approval allows PayPal to offer cryptocurrency services to its customers in the U.K. and further solidifies the company's position in the crypto market.
Leading crypto exchange applauds G20’s adoption of IMF’s proposed regulations
By Globe Banner | Nov 1, 2023
During a recent G20 Finance Ministers and Central Bank Governors meeting in Morocco, the intergovernmental forum unanimously agreed to adopt the regulatory roadmap for digital assets that was proposed by the International Monetary Fund (IMF) and Financial Stability Board (FSB). Binance, the largest cryptocurrency exchange in the world, has commended the G20 for choosing to adopt the regulations, saying that a coordinated global approach will increase utility, innovation, and consumer trust.
Citi as World Bank's first issuing and paying agent on Euroclear's D-FMI DLT platform
By Globe Banner | Oct 27, 2023
Citi's Issuer Services division, a part of Securities Service, has acted as the Issuing and Paying Agent for the first-ever Digitally Native Note (DNN) issuance under English Law on Euroclear's Digital Financial Market Infrastructure (D-FMI) distributed ledger technology (DLT) platform. The World Bank - International Bank for Reconstruction and Development (IBRD) issued the inaugural DNN, valued at EUR 100 million and with a three-year term. This development marks a significant step towards fully digital bond transactions and showcases the integration of blockchain technology...
Sam Bankman-Fried admits "a lot of people got hurt" when FTX collapsed
By Globe Banner | Oct 27, 2023
During a testimony to the jury in his fraud trial, Sam Bankman-Fried, the former boss of the cryptocurrency business FTX, admitted that his company did hurt people and that he made numerous mistakes. Bankman-Fried acknowledged the impact of FTX's collapse, stating, "A lot of people got hurt, customers, employees, and the company ended up in bankruptcy."
Binance CEO: Regulatory compliance is “key” to building trust, bridging crypto and tradfi industries
By Globe Banner | Oct 26, 2023
Changpeng Zhao (CZ), the CEO and founder of Binance, the largest cryptocurrency exchange in the world, emphasized the importance of regulatory compliance in the crypto industry during his speech at the Fintech Forward 2023 conference in Bahrain earlier this month. CZ highlighted that regulatory compliance is a crucial factor in building trust within the industry and can also facilitate partnerships with traditional financial institutions.
IMF reaches staff-level agreement for Sri Lanka's extended fund facility review
By Globe Banner | Oct 23, 2023
The International Monetary Fund (IMF) has announced that they have reached a staff-level agreement with the Sri Lankan authorities to conclude the first review of the 48-month Extended Fund Facility (EFF)-supported program. This agreement is based on discussions that took place between the IMF staff and Sri Lankan officials, according to a press release by the IMF.
Projected to grow $469.97 million from 2022 to 2027, the doxorubicin market flourishes
By Globe Banner | Oct 18, 2023
Technavio, a leading global market research report company, has released a market report detailing the significant growth projected for the doxorubicin market in the coming years. According to the report, the market is expected to grow by $469.97 million from 2022 to 2027, with a compound annual growth rate (CAGR) of 6.07% during the forecast period.
Potato chips, a worldwide favorite, grow at 3% CAGR, reaching $33.3 billion in 2022
By Globe Banner | Oct 18, 2023
Research And Markets released a report detailing the growth in the global potato chips market, beginning at $33.3 billion in 2022, and estimated to reach $40 billion by 2028. According to PRNewswire, the global potato chips market has reached a substantial size of $33.3 billion in 2022, and it is projected to exhibit a steady compound annual growth rate (CAGR) of 3% during the period 2023-2028, ultimately reaching $40.0 billion by 2028.
The International Monetary Fund releases World Economic Outlook report
By Globe Banner Report | Oct 16, 2023
The International Monetary Fund (IMF) outlines in its World Economic Outlook report that the survey of prospects and policies is the result of an extensive interdepartmental assessment of global economic trends, primarily relying on information collected by IMF staff during consultations with member countries.
Roberts: 'Don’t blame crypto for what happened in Israel'
By Globe Banner | Oct 12, 2023
Jeff John Roberts, a crypto editor at Fortune, has argued that cryptocurrency should not be blamed for Hamas's recent attack on Israel. In an article for Fortune, Roberts stated that blaming crypto for the attack is a "mistake" and that Hamas should be held responsible instead.
Former CFTC commissioner applauds UK's new crypto regulations: 'Future blockchain investment and innovation can flourish in the UK'
By Globe Banner | Oct 11, 2023
Brian Quintenz, the current head of policy of a16z crypto and a former CFTC commissioner, has praised the UK government for its new crypto regulations. He believes that these regulations will support technological innovation in the country. The new financial promotions rules, known as the UK Financial Conduct Authority's (FCA) Financial Promotions (FinProm) Regime, took effect on Oct. 8.
Binance confident of a constructive solution before mid-2024 MiCA stablecoin deadline
By Globe Banner | Oct 4, 2023
Binance, the largest cryptocurrency exchange in the world, has expressed its support for the European Union's Markets in Crypto Assets (MiCA) regulations, calling it a positive step forward for the crypto industry. However, the exchange also highlighted the need for further clarification and engagement with regulators to ensure that MiCA achieves its intended goals.
France welcomes U.S. crypto companies looking for legal certainty
By David Beasley | Sep 29, 2023
As Europe implements a regulatory framework for digital assets, a French regulator has invited American crypto industry participants to come to France if they want legal certainty, CoinDesk reported.
Binance's Compliance with MiCA Law May Reshape Stablecoin Market in Europe
By Globe Banner | Sep 29, 2023
Binance France will delist stablecoins for the European market by next June if necessary to comply with standards laid out by the Markets in Crypto-Assets (MiCA) law.
Leading crypto exchange Binance files motion to dismiss SEC lawsuit
By Globe Banner Report | Sep 27, 2023
Binance, the largest crypto exchange in the world, and Changpeng Zhao (CZ), the exchange's CEO and founder, have filed a motion to dismiss the U.S. Securities and Exchange Commission's (SEC) lawsuit. Binance and CZ argued that Congress needs to legislate regulations for digital assets before the SEC can claim authority over crypto.
Leading crypto exchange Binance airdrops funds to Moroccan earthquake victims
By Globe Banner Report | Sep 22, 2023
Binance Charity, the philanthropic arm of the largest cryptocurrency exchange in the world, is airdropping up to $3 million worth of crypto to people affected by the earthquake in Morocco. A magnitude 6.8 earthquake hit the country last week, leaving several thousand people dead and impacting hundreds of thousands of residents.
Binance founder highlights France as technologically progressive
By Globe Banner Report | Sep 18, 2023
Changpeng Zhao (CZ), the CEO and founder of Binance, the largest cryptocurrency exchange in the world, participated virtually in the Token2049 conference last week. CZ said during the conference that while smaller nations can be more progressive in terms of their openness to cryptocurrency because it can be easier for them to adopt new regulations, he highlighted France as an example of a larger country that has been open to crypto.
Leading cryptocurrency exchange Binance considers cutting ties with Russia
By Globe Banner Report | Aug 28, 2023
Binance, the largest cryptocurrency exchange in the world, announced that it may fully withdraw its business from Russia days after it announced the removal of sanctioned Russian banks from its platform. Several other crypto exchanges remain active in the country.