The Anti-Money Laundering registration will allow cryptocurrency exchange Coinbase to offer its services to retail and institutional investors in Spain.

Coinbase CEO Brian Armstrong said decentralization and open-sourcing AI is a better alternative to regulating the space.

Prometheum was purportedly “purpose-built to comply with federal securities laws” and avoided lawsuits from the SEC, unlike firms like Binance and Coinbase.

The former president of FTX US founded the company in January to serve institutional investors in crypto and traditional derivatives.

Headquartered in Dubai, crypto exchange Bybit said it will suspend services to residents of the United Kingdom starting in October due to “regulatory changes.”

It’s hard to know how much a collapsed crypto firm like FTX would be worth by the time its bankruptcy is resolved.

Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report.

Binance Holdings, its U.S. counterpart, and CEO Changpeng Zhao have filed motions seeking the dismissal of a lawsuit against them by the SEC.

Judge Lewis Kaplan left the door open for SBF’s defense team to call some of the precluded witnesses in response to testimony presented by the government.

The former FTX CEO will remain in jail following three judges with the 2nd U.S. Circuit Court of Appeals calling the arguments behind a motion for release “unpersuasive.”