The Daily LEO #283 Binance Lays Off and AML rules to come into effect in UAE

11 months ago (Edited)

Welcome to another edition of Daily Leo! We pick the best articles in Finances, Crypto news, and Hive/Leo into one condensed information-packed space.

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SNB defends raising rates

Swiss National Bank has increased the interest rates recently and Chairman Thomas Jordan has been defending the same. As per him, this interest rate increase is required to tackle inflation. The bank has increased interest rates 4 times in a year & you can check out more here

Wall Street strategists get more bullish as stocks go higher

Today seems to be a good day for Wall Street strategists as the market is in a better position. This is because the stock value has gone up and strategist has raised their 2023 price target for the S&P 500. Read more about this update here

AML rules for digital assets to come into effect in UAE
This year 2023 can be more of the regulations and now there is an update that UAE is going to have AML rules in place. Once this is implemented then all the financial institutions would be required to verify the identities of all customers. Read more here

Binance lays off non-performers
Binance is a leading international crypto exchange and now this exchange has also started the job cut but it's only for the non-performers. The exchange had mentioned earlier that they are not going to reduce the manpower but now they laid off a portion of its workforce

PayPal Ventures Leads $52M Round for Crypto Firm Magic

Magic is a crypto wallet-as-a-service provider and this company has raised funding of $52 million funding round led by PayPal Ventures. With this funding, Magic will expand its wallet infrastructure and include more use cases towards a deeper expansion

Leofinance Unleashing New UI & Glossary Integration

Leofinance has been working on making the new UI even better by fixing some of the bugs and adding more features. Now they are working on Search Engine Optimization (SEO) and glossary integration. Check out more in the post

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