Binance.US has announced the suspension of deposits in dollars on their American division for crypto exchange and recommended customers withdraw their fiat funds by June 13 via the ACH system.
The draft law of the Reserve Bank of Australia (RBA) on the regulation of crypto exchanges, custodial services and the issuance of “stablecoins” largely speaks to the potential that stablecoins have in taking a more prominent role in the financial system.
Following the announcement of the SEC charges against Binance, the exchange has seen a decrease of 10,500 bitcoins in its bitcoin balance.
Paul Grewal, Coinbase’s Chief Legal Officer, claims that the SEC’s regulatory approach is hindering US’s competitiveness.
In Q1, Argo Blockchain recorded $11.4 million in revenue – a 15% increase from the last period – and a net loss of $8.7 million.
Robert Kennedy, who is running for the US presidency, has expressed his support for the cryptocurrency and blockchain industry.
