Huobi and KuCoin serve customers of sanctioned Russian banks
Binance and ByBit may also have insufficient compliance policies.
![image CryptoSlate](https://image.coinlive.com/24x24/cryptotwits-static/0a695efac07443996bc48bdf58c6e7bc.png)
Binance and ByBit may also have insufficient compliance policies.
The seizure was coordinated between Binance, Huobi, and Elliptic.
One of the largest cryptocurrency trading exchanges, Huobi, is now considering expanding its services to China.
Huobi Korea wants to be an independent exchange. It will buy all of its shares and rebrand to distance itself from Huobi Global.
The company has applied for a $14 million unsecured loan to cover customer losses.
Dominica is the current frontrunner; Justin Sun wants a crypto-friendly environment.
MakerDAO (MKR) is planning to deposit $1.6 billion in USDC on Coinbase Prime to earn a yield of 1.5% per year. A poll on the proposal is three days away from closing. The decision could set the DeFi protocol on the path to centralization.
Gibraltar-based cryptocurrency exchange Huobi has received the regulatory greenlight to offer its services in Australia.
The bear market in crypto hasn’t deterred venture capital firms from investing heavily in blockchain and Web3 projects.