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🥛 Crypto just broke a new record 🏆
Today’s edition is brought to you by PayPal - who is charting a new course in the digital landscape with the launch of PYUSD, a stablecoin designed for payments.Explore the new PayPal USD stablecoin!GM. This is Milk Road. We turn crypto’s 100-mph fastballs into easy, underhand pitches. With us, you’ll be hitting nothing but home runs.......
EU Banking Watchdog Issues Anti-Money Laundering Rules for Crypto Firms
The European Banking Authority (EBA) has published new guidelines extending its anti-money laundering (AML) and counter-terrorism financing (CTF) requirements to cryptocurrency companies. The rules provide guidance to crypto asset service providers (CASPs) on identifying risk exposure and effectively mitigating financial crime vulnerabilities. EBA extended the scope of existing AML/CFT guidelines to harmonize the compliance approach......
Tether Pushes Back on UN Crypto Crime Report, Calls for Blockchain Education
Major stablecoin issuer Tether rebutted a recent United Nations (UN) report highlighting the use of its USDT stablecoin in illicit financial activity. In a blog post, Tether touted the transparency of blockchain transactions and its assistance to global law authorities while criticizing the analysis as overly narrow. The UN report centered on stablecoins, presenting money......
OKX Subsidiary Secures VASP License in Dubai
The Dubai subsidiary of major cryptocurrency exchange OKX has secured a virtual asset service provider (VASP) license from regulators in Dubai, according to the details shared in the press release. The license will enable the platform to launch localized fiat currency support and spot trading pairs for United Arab Emirates dirham (AED) when it becomes......
Bitcoin is a ‘Highly Speculative, Volatile Asset,’ Says SEC’s Gensler
Securities and Exchange Commission Chair Gary Gensler elaborated on the agency's groundbreaking move to greenlight a Bitcoin ETF in an interview with CNBC recently. Gensler said the approval stems from consideration of a new court ruling while cautioning retail investors on crypto market risks. Speaking with CNBC's Andrew Ross Sorkin, Gensler pointed to a recent......
Genesis Global Settles with NYDFS, Pays $8M: Exits New York
The New York State Department of Financial Services (NYDFS) has reached a settlement agreement with crypto trading firm Genesis Global Trading over significant compliance violations. Genesis will pay $8 million, forfeit its state trading license, and shut down operations in New York, as the regulator shared exclusively with Fortune. NYDFS said an investigation uncovered major......
BlackRock CEO Backs Ethereum ETF Day After Bitcoin ETF Debut
BlackRock, the world's largest asset manager, has come out in favor of an Ethereum ETF. The comments from CEO Larry Fink came just one day after the firm's long-awaited Bitcoin ETF began trading. In an interview on CNBC, Fink endorsed the concept of an Ethereum investment product accessible to mainstream investors. "I see value in......
🥛 The Cointucky Derby 🏇
🚨 Free Prize Alert 🚨 Fill out our annual survey and have a chance to win one of three Trezor Safe wallets.Click, answer, win – it's that easy! (Shoutout to our partner Trezor for hooking it up).GM. This is Milk Road, where crypto news and comedy collide – a beautiful mess.Here’s what we got for......
Coinbase Partners with Yellow Card to Boost USDC in 20 African Countries
Coinbase has announced a collaboration with the African cryptocurrency exchange Yellow Card. The collaboration aims to significantly improve access to the popular USDC stablecoin across 20 countries in Africa. https://twitter.com/coinbase/status/1745551469535977675 The partnership will leverage Coinbase's global infrastructure and Yellow Card's existing presence in emerging African economies. Features launching in February are designed to make acquiring......
South Korean Firms Halt Spot Bitcoin ETF Services After Regulator Warning
Major South Korean firms, including industry giants Samsung and Mirae Asset, have suspended brokerage services for foreign-listed spot Bitcoin ETFs. The move shared by a local news media outlet comes after the country's financial regulator, the Financial Services Commission (FSC), issued a notice cautioning that facilitating trades of offshore spot crypto ETFs may violate existing......
