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OKX plans to wind down business in Canada

0xMain
March 20, 2023

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Crypto exchange OKX emailed consumers in Canada that the company would no longer offer services or enable users to establish new accounts in the country. The rules will apply from March 24, 2023. The exchange cited new regulations as the reason for the shift. Withdrawals...

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FDIC plans second SVB auction after first failed attempt

0xMain
March 14, 2023

attempt, auction, failed, FDIC, Hacking, plans, SVB

The US Federal Deposit Insurance Corporation (FDIC) is looking to make another attempt at auctioning assets of collapsed Silicon Valley Bank (SVB) after failing to find a buyer the first time. According to the Wall Street Journal, the FDIC informed Senate Republicans that...

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Kraken continues bank launch plans amid regulatory hurdles

0xMain
March 6, 2023

Bank, continues, Hacking, hurdles, Kraken, launch, plans, regulatory

Kraken is still steadfast in launching its bank, despite facing a harsh regulatory landscape and several charges of violating securities laws by the US Securities and Exchange Commission. According to Marco Santori, the Chief Legal Officer at Kraken, the launch is on track....