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The encrypted trading platform Zipmex will restart the withdrawal of some tokens in Z Wallet



Time:8/2/2022 2:54:19 AM

[Encrypted trading platform Zipmex will restart some token withdrawals in Z Wallet] According to news on August 2, the encrypted trading platform Zipmex announced that it will release some unaffected tokens from ZWallet to users’ trading wallets starting from August 2 , will release SOL from ZWallet on August 2, open XRP withdrawals in ZWallet on August 4, and open ADA withdrawals on August 9.

Regarding the company’s solution, Zipmex stated that it is working hard to recover assets from BabelFinance, is also seeking financing, and signed a Memorandum of Agreement (MOU) with two investors, and an original investor of Zipmex has invested in the Zipmex token ZMT. Additional investment. Earlier, Zipmex posted a statement on Facebook stating that it currently has $48 million in exposure to Babel, with an additional $5 million in exposure to Celsius.

Other news:

South Korean lawmakers launched a proposal to punish unfair trading of virtual currencies and lower the entry threshold for encrypted exchanges: On May 16, Ping-wook Kim, a member of the Korean National Assembly, proposed a proposal to punish unfair trading of virtual currencies. The proposal stipulates that unregistered business activities in the encryption industry and behaviors that do not disclose important information are prohibited. Violation of the regulations will result in a prison sentence of up to three years or a fine of up to 100 million won. Actions such as manipulating market prices or using false means to attract investment in cryptocurrencies will also be punished. The proposal also lays the groundwork for the self-regulation of the cryptocurrency market. The Virtual Capital Industry Association is required to mediate disputes between business operators and users, set standards for issuance, announcement and listing of virtual currencies, and check compliance. In addition, the proposal also requires the association to report the results of the exchange's market monitoring, and if it suspects that the exchange is illegal, it should immediately report to the Financial Commission. The Financial Commission shall investigate this and take appropriate action. In addition, crypto exchanges are required to register with the Financial Commission. The article argues that Ping-wook Kim’s proposal lowers the barriers to entry for crypto exchanges compared to another congressman’s proposal requiring exchanges to be approved by the Financial Commission. (Yonhap News Agency) [2021/5/16 22:08:13]

eToro users may face more trading restrictions due to surging demand for encrypted transactions: According to news on January 14, eToro warned in an email sent to users earlier today that due to the unprecedented demand for the purchase of encrypted assets on the platform, the platform processing The ability to encrypt orders is challenged, and users may face more transaction restrictions. eToro cautions that there may be limits to cryptocurrency buy orders and that spreads on cryptocurrency assets may also be wider than usual. (Cointelegraph) [2021/1/14 16:08:00]

Voice | Director of the Monetary Authority of Singapore: will combat financial crimes by improving the ability to track encrypted transactions: According to Bitcoinist, Loo Siew Yee, Director of the Monetary Authority of Singapore (MAS), said at the annual Asia-Pacific Conference of the International Law-Abiding Association that MAS is actively Experiments with technology to expand horizons from new data points such as transaction information from public blockchains and other sources. These data will provide useful early warning indicators for traditional sources of information such as statutory returns and suspicious transaction reports. He said that improving the monitoring capabilities of crypto asset transactions is part of MAS' efforts to strengthen the country's anti-money laundering (AML) policy. [2019/10/17]

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