Global #crypto assets

Decentralized Finance (DeFi) has emerged as a revolutionary sector within the blockchain space, offering new paradigms for financial services. Among the various DeFi applications, lending and borrowing platforms stand out for their ability to disrupt traditional banking systems by providing decentralized alternatives.

Switzerland is considering a significant expansion of its international information exchange protocols to include data on cryptocurrency assets. On Wednesday, the Federal Council initiated a consultation process for a new bill that would facilitate the sharing of crypto asset information with 111 jurisdictions currently part of the automatic information exchange framework.

In a significant development for cryptocurrency investors in New Jersey, Abra, a crypto trading and lending company, has reached a settlement with the New Jersey Bureau of Securities. The agreement, which follows a multi-state investigation into the sale of unregistered securities, mandates that Abra convert the remaining crypto assets in New Jersey accounts to US dollars and issue refund checks to investors.

In a move that could signal a thaw in relations between cryptocurrency firms and US regulators, a federal judge has approved Binance.US's plan to invest certain customer assets in US Treasury bills.

The Global Digital Asset Classification Committee (Global DCA), a prominent standard-setting organization in the cryptocurrency industry, has established a subcommittee tasked with developing a comprehensive disclosure framework for crypto assets.

Coin98 Wallet is making waves in the crypto world, emerging as a powerful and user-friendly platform for cryptocurrency enthusiasts and investors. This comprehensive digital asset management tool goes beyond just a simple wallet. It empowers users with a suite of features designed to streamline their crypto experience.