Through emails, China-based exchange Xapo announced to its clients and users that it will close all its operations in Venezuela and leave the country by the end of this year. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 Xapo, an exchange of cryptocurrencies, Hong Kong-based company announced that will cease its operations in Venezuela, due to operational changes and the launch of a banking platform with international regulations. According to the company's statement, issued to each of its clients and users, the exchange will close all its operations by the end of this year, so it invites its Venezuelan users to withdraw and migrate their funds to another service.
Source: Decrypt
📍 The United States Securities and Exchange Commission (SEC) published a release to inform the community of its recent vote in favor of simplifying the complex procedures required when trading in exempt securitiesThe statement said the changes and amendments to existing regulations harmonize registration exemptions, “eliminating complexity and facilitating access to capital and investment while preserving or enhancing important investor protections.”
According to the SEC's release, most of the proposed changes and amendments will take effect over the next 60 days, once published in the Federal Register. With these changes, the SEC seeks to establish clear rules for the sale of exempt securities, as well as increase the offering limits for regulatory offerings, crowdfunding, and individual investment.
📍 In a new announcement, Paypal informs its customers and users that the The maximum weekly limit for cryptocurrency purchases will go from $10.000 USD to $15.000 USD, as reported CoinDesk. Services for the purchase and sale of cryptocurrencies, such as Bitcoin, on Paypal, will be available at the beginning of 2021 for US customers, and will subsequently expand to other countries. The increase in the purchase limit is related to the interest in the crypto space that Paypal caused with its Spanish President Pedro Sánchez’s announcement to integrate cryptocurrencies. Meanwhile, Paypal also announced that its mobile payments app Venmo will be available alongside the expansion of its crypto services to international customers.
📍 Likewise, the US electronic payments giant has plans to enter the ecosystem of central bank digital currencies (CBDC). Dan Shulman, CEO of Paypal, emphasized the rapid growth of the digital financial sector, which is why he foresees the need to enter the crypto space in full, and not just cryptocurrencies. Shulman claims that digital currencies will gain in importance in the near future.
📍 The data provider CoinGecko reveals that the value of various tokens DeFi of importance in the market is falling as The value of the market-leading cryptocurrency, Bitcoin, is growingYearn Finance’s YFI token, one of the top-performing DeFi protocols this year, even surpassing Bitcoin’s value and its all-time high of $43.000 USD per unit, has declined by 56% in the past month. Likewise, Uniswap’s UNI token, the largest DeFi protocol in the market by market capitalization, has lost nearly 46% of its value in the same period.
At press time, YFI is valued at $10.152,2 USD, up from $23.800 USD at the beginning of October, while UNI is currently valued at $2,27 USD, up from $4,43 USD at the same time. Bitcoin, meanwhile, has appreciated in value.
📍 In China, the nation's president, Xi Gang, announced that the People's Bank of China has already made a total of 4 million transactions with its digital currency, the DCEPThe president of the nation also stated that the pilot tests carried out on this CBDC digital currency have been successful for the entity, with transactions worth 2 billion yuan, equivalent to approximately 300 million dollars.
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