Crypto ANIVERSE Crypto Daily News_March 27, 2024

Wednesday, March 27, 2024
ANIVERSE Crypto Daily News💌

1. KuCoin charged with violating AML laws
- KuCoin and two of its founders have been charged by the U.S. Justice Department for operating an unlicensed money-transmitting business and violating the Bank Secrecy Act.

2. Grayscale tips Ether ETF approvals despite SEC “lack of engagement”
- Grayscale is confident that spot Ether
ETH ETFs will be approved in May despite recent “chatter” about the U.S. securities regulator’s “lack of engagement” with applicants.

3. Circle, Solana team up to boost USDC interoperability
- Circle designed the cross-chain transfer protocol (CCTP) to enable the secure transfer of USDC between different blockchain ecosystems using the native mint and burn process.

4. SWIFT to connect multiple CBDCs in one platform by 2026
- SWIFT aims to launch a new platform in the next two years to connect central bank digital currencies to the existing finance system in a bid to boost the CBDC ecosystem.

5. Tether launches AI division
- Tether’s expansion into the field of AI aims to emphasize the development of open-source AI models and foster collaborations to integrate these advancements into practical solutions.

6. SEC seeks $2b fine from Ripple Labs for misconduct
- The U.S. SEC has proposed a $1.95 billion penalty against Ripple Labs, urging a New York court to assess the gravity of the company’s actions.

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