Episode Details

13th May: Crypto & Coffee at 8

🚨 Canada fines Binance 👀 Binance & KuCoin Exchange in India, 🚨 Stablecoins on the Bitcoin Blockchain ❗ Franklin Templeton CEO discusses tokenization of ETF & Mutual fund ⚡ Apple + OpenAI

🚔 Canada’s anti-money laundering agency, FINTRAC, has fined cryptocurrency exchange Binance nearly C$6 million (approximately $4.38 million USD) for breaching money laundering and terrorist financing laws. Binance failed to register as a foreign money services business with FINTRAC despite multiple deadlines. Additionally, it did not report receiving virtual currency worth C$10,000 or more on 5,902 occasions between June 1, 2021, and July 19, 2023. Iinfo here https://tinyurl.com/2mw9pc7w

🚨 Binance and KuCoin Exchange have been registered by India’s anti-money laundering regulator, marking a credibility shift for crypto in the nation. KuCoin paid a $41,000 fine and resumed operations, while Binance awaits a penalty determination, potentially facing a $2 million fine. Other platforms are negotiating with regulators or planning to exit India. Overall, India now has 48 registered crypto entities, with the regulator engaging with the industry and media for the first time. Info via CoinDesk here https://tinyurl.com/4kmrxwes

👀 Jenny Johnson, the president and CEO of Franklin Templeton, reiterated her pro-blockchain stance during an interview with Bloomberg anchor David Westland during the 27th Annual Milken Institute Global Conference in California. Full details here https://tinyurl.com/387e7yxa She talks about the way how Tokenization is changing the way people invest. She thinks all ETFs and mutual funds will be on a blockchain.

💯 Will it be on an Open Blockchain or Permissioned Blockchain (Software)?

🎙️ Check out Blockchain DXB’s Podcast we share some key details of Tokenization this week. We also share our commentary on macro-level news

⚡ Lightning Labs, the developer behind Bitcoin’s Lightning Network, has tested a protocol that allows stablecoins to be issued on the Bitcoin blockchain. The CEO, Elizabeth Stark, announced that they recently executed a test transaction using the Taproot Assets protocol on the Lightning Network. The goal is to enable the use of stablecoins and other assets on the Bitcoin blockchain, expanding its use cases and attracting more users to the world of digital assets. Via Decrypt here https://tinyurl.com/32vy2h8m

🟣 Apple is