Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
The Ukrainian government has received over $60 million in crypto donations from all over the world. FTX’s CEO, Sam Bankman Fried highlighted that the war in Ukraine has been dragging on. The country is in full need of humanitarian help and access to global financial infrastructure.
In a nearly unanimous vote, the Ukrainian Parliament passed the bill that was set into motion in 2020 and now heads to the desk of President Volodymyr Zelenskyy for signature. The law also lays a framework for how the country may open up the cryptocurrency market to businesses and investors in 2022.
People around the world have donated millions of dollars directly to Ukraine's war effort via cryptocurrencies such as bitcoin. Crypto Aid for Ukraine: Innovation or Just a Sideshow?
The law allows foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation. Ukraine’s President Volodymyr Zelenskyy has signed the law as Russia’s war on Ukraine continues underscoring the important role that cryptocurrencies have taken on during the conflict.
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