Taiwan regulators list Crypto under new category to impose stricter policies
Taiwan authorities have struck back after a long haul, changing the game for crypto businesses in the area. At the latest Cabinet meeting, Taiwan’s Ministry of Economic Affairs (MOEA) announced the switch, changing the crypto businesses’ category, further listing them under “finance, insurance, and real estate” as “virtual currency platforms and trading businesses”, after removing them from the “software design services” category.
Binance CEO, Zhao Changpeng has confirmed the exchange platform’s plans to shift from the innovative technology giant that it is, to a financial services provider, given the company’s history with regulators globally. In an exclusive interview with Squawk Box, Zhao Changpeng addressed the elephant in the room, i.e., Binance’s latest regulator-friendly approach.
El Salvador continues to make history with its Bitcoin after formally adopting BTC as legal tender in September this year. Nayib Bukele, the President of the country and one of the key architects behind El Salvador’s historic decision revealed that the number of people using Bitcoin wallets in the country has exceeded the number of people using bank accounts.
The Kleiman vs Wright lawsuit has taken another bizarre turn after three years of the undecided court battle. David Kleiman is the former business partner of Craig Wright, the self-proclaimed creator of Bitcoin. The court battle is for $64 billion worth of Bitcoin stored in a wallet belonging to pseudo-anonymous creator Satoshi Nakamoto.
🔥KuCoin – KCS Price Analysis: KCSUSDT signals long only through Q4 ’21 with RSI values piercing above level-75 across multiple time frames
The KCS token was launched in 2017 as the native currency of the KuCoin cryptocurrency exchange, also popularly known as the people’s exchange.Holders of the KCS exchange token of KuCoin are eligible to earn daily passive income, making KuCoin one of the few centralized crypto exchanges that offer rewards out of KuCoin’s 50% daily revenue.
Ethereum price is up 2% in the past 24 hours. Overcoming the $4,750 resistance level is crucial to ETH rising to new record highs.Ethereum price appears set to continue its price discovery as it remains elevated propelled by increased media attention that has resulted in growing investor appetite.