Weekly Report (13-19 September 2021) | What Happened This Week In Crypto

This Report will provide you some important and quick news of cryptocurrencies that happened around the world.

1. The Korean Government Declares Approval Of 28 Crypto Exchanges

The Korean Government Declares That 28 Cryptocurrency Exchanges Have Adhered to Regulatory Requirements The deadline for cryptocurrency exchanges to comply with standards in order to continue operating under South Korea’s new crypto legislation is swiftly approaching. According to reports, officials have approved the continued operation of 28 cryptocurrency exchanges. Only four cryptocurrency exchanges, however, have met the conditions for offering Korean-won trading…[continue reading]

2. Binance Making Changes To Improve Collaboration With Regulators

Binance, the world’s largest cryptocurrency exchange, has announced that it is ready to make adjustments that will enable it to cooperate more closely with regulators.  Changpeng Zhao, the company’s CEO, claimed that the company is prepared to make the necessary changes to convert the exchange into a regulated financial institution in the future. This is Binance’s response to a number of regulatory issues with regulators worldwide…[continue reading]

3. PayPal Launches Bitcoin And Other Crypto Trading In The UK

PayPal, the world’s largest payment processor, stated on Twitter that eligible users in the United Kingdom can now purchase, sell, and store cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin cash through their PayPal accounts…[continue reading]

4. SBI Blocks Payments To Crypto Exchanges On UPI Platform

According to reports, the State Bank of India (SBI) has prohibited payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been instructed to turn off the bank’s UPI for cryptocurrency businesses…[continue reading]

5. Uzbekistan Has No Intentions To Ease The Restriction On Crypto Payments

According to a central bank official, the Republic of Uzbekistan will never accept cryptocurrencies such as Bitcoin (BTC) as a payment option. Behzod Khamraev, deputy head of the Central Bank of Uzbekistan (CBU), warned that local authorities will never allow locals to use Bitcoin as a form of payment, claiming that BTC is worthless…[continue reading]

6. IIT Madras Joins Hedera Hashgraph Decentralized Governance Council

The Indian Institute of Technology Madras (IITM) has joined the Hedera Hashgraph decentralized governance council. ITM is one of India’s top technical education institutes, and it is directly supervised by the Ministry of Education. As a member of the Hedera Administering Council, IITM is one of 39 global organizations that host initial network nodes for governing the Hedera public ledger, which is based on distributed ledger technology (DLT)…[continue reading]

7. MicroStrategy Spends $240 Million On Fresh Bitcoin Purchases

MicroStrategy, a business intelligence firm and corporate Bitcoin (BTC) whale, has boosted its BTC holdings with a fresh acquisition revealed on Monday. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for approximately $242.9 million, or $48,099 per coin…[continue reading]