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Also Read: MicroStrategy Replies To FASB Standards To Update Bitcoin Holdings advertisement Gemini Warned In Philippines According to the report, Gemini was issued the warning notice on May 18, 2023, over unauthorized operation of the derivatives exchange. The regulatory agency warned the country’s public against investing in new products and suggested they halt existing investments. This marks a stumbling block in Gemini’s way after launching the derivatives exchange just a month ago. The notice said, “The derivatives exchange does not have the necessary license and/or authority to solicit, accept or take investments/placements from the public nor to issue securities.” On the other side, Gemini said the Digital Currency Group (DCG) missed out on a recent $630 loan payment, which means it may need to consider providing DCG with exception on enforcing the debt as a means to avoid default. Recommended Articl...

Binance Japan Opening Its Doors in June Crypto exchange Sakura Exchange Bitcoin in an announcement on April 28 said it will end its Crypto exchange and brokerage services in May and reopen as Binance Japan near June 23. Binance Japan is now a registered Crypto exchange under the Japan Financial Services Agency (JFSA). advertisement As per the announcement, Sakura Exchange Bitcoin will end its services on May 31, suspending all services until the opening of Binance Japan. Users must withdraw their crypto assets ahead of deadline. Crypto Assets remaining in the account after the deadline will be converted to Japanese yen based on the conversion rate as of June 5 and refunded to customers’ registered bank account. Further, customers are required to re-apply for account opening and reviews including identity verification at the time of use. The account opening information for Sakura Exchange Bitcoin is not carried over to the new Binance Japan. ...