DeFI News by Thebittimes.Com

The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator blocked a number of coin trading platforms, including Binance. Residents of Uzbekistan Can Again Use the Services of Bestchange.ru Uzbekistan’s National Agency of Perspective Projects (NAPP), the authority regulating the crypto space in the Central Asian nation, has removed restrictions imposed on Bestchange.ru, a popular exchange aggregator in Russia and the former Soviet space. The development was announced by the Digital Rights Center (DRC) law firm whose legal experts have been representing the crypto platform. The DRC is specializing in providing legal assistance to internet users and businesses and was able to secure the unblocking of Bestchange.ru in Russia. The NAPP, which is subordinated to the presidential administration in Tashkent, began restricting foreign-based cryp...

Nubank, one of the largest digital banks in the world, has announced it will issue its own cryptocurrency during the first half of 2023. The currency, called Nucoin, will be issued on top of Ethereum with the help of Polygon, a second layer that allows users and developers to take advantage of lower fees, and will be airdropped to all the customers of the bank. Nubank to Launch Nucoin in 2023 Nubank, the biggest digital bank outside of Asia, revealed its plans to delve deeper into the digital economy through the issuance of its own coin. The Brazil-based institution, which also has offices all across Latam, will issue its own token, called Nucoin. The token will be issued on top of Ethereum, and will use Polygon, a scaling layer, to allow its users to transact with low fees. This move is directed at ramping up the loyalty and benefits program of the bank. The issuance of the token is projected to happen during the first half of 2023. While the company did not specify whether this t...

Crypto firms and exchanges are expanding at a fast pace. With the rise in crypto adoption globally, firms are trying to bring in users from around the globe. Platforms around the industry have begun to recognize promise in the European area after concentrating on Asia for a considerable amount of time. In an effort to get the endorsement of regional regulators, Crypto.com has been traveling around Europe. More recently, the company was able to secure a favorable response from French officials. The exchange apparently became a registered Digital Asset Service Provider [DASP] in the area after a “rigorous evaluation” procedure. Following authorization from the Autorité de Contrôle Prudentiel et de Résolution [ACPR], Crypto.com also received approval to function as a DASP from the Autorité des Marchés Financiers [AMF]. In one of the recent announcements, the exchange confirmed an investment of €150 million in France. JUST IN...