Episode Details

29th Aug: Crypto & Coffee at 8 🎙️
🚨Moneygram embraces Blockchain? ⚡OKX and Bybit removes sanctioned Russian banks 🔴 SEC fines Impact Theory $6M 🟠India’s PM calls for global Crypto Framework

🚨Stellar invests in MoneyGram International to accelerate digital innovation. Stellar, a cross-border crypto payments network, has announced its investment in the major money transfer firm MoneyGram International. The Stellar Development Foundation revealed it had become a minority investor in MoneyGram using funds from its own cash treasury. Official news via the blog here https://lnkd.in/dQr_uuea

❗ The Stellar Development Foundation will also get a seat on MoneyGram’s Board of Directors.

⚡ Russia Sanctioned Banks
🔻 OKX and Bybit remove sanctioned Russian banks from the payments list
Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on Bybit and OKX. According to Russian media, local users can no longer receive fiat money in exchange for their crypto on Tinkoff Bank or Sberbank accounts on the P2P platforms of OKX and Bybit. Cointelegraph article states at the time of publication, OKX still allows users to receive fiat to their accounts of the Russian branch of Raiffeisen Bank and the Russian Standard Bank. Both financial institutions aren’t included in the list of entities under sanctions by the U.S. Department of the Treasury Article here https://lnkd.in/dECeTf8V

🎙️ Check out Blockchain DXB Crypto & Coffee at 8 podcast. Where we share our commentary on this. Also, See slides 1 & and 2 for a global snapshot of the crypto market.

🔥 U.S. Securities and Exchange Commission fines Impact Theory over NFTs Sold as Securities. The company has also been ordered to destroy all the Founder’s Key NFTs as a result of the settlement. Official press release here
https://lnkd.in/d9HRUNbP Impact Theory was co-founded by social media influence and entrepreneur Tom Bilyeu. And Decrypt article at the time of writing states Founder’s Key collection was still live on OpenSea. https://lnkd.in/dBmbmJ8q
 

❗ India’s PM Narendra Modi has called for a global Crypto Framework. In an interview with