Crypto Today 27

EU decides to ban Self custody wallets

By Yugocean | Crypto Today | 24 Mar 2024

EU bans self-custody wallets

 According to Finbold journalist Viniciois Barbosa, the EU Parliament's leadership committee banned the use of self-hosted wallets on March 19 to prevent anonymous transactions. ( Full News )

Reaction: People are not happy with this. I think this stupid decision has been made by the EU with the aim of criminalising those with "Not Your Keys, Not Your Coins." 




International Incident 

KuCoin becomes India's first FIU-compliant crypto exchange

   KuCoin has registered with the Indian Finance Ministry's Financial Investigation Unit (FIU). KuCoin is the first offshore exchange to do so.

Mixed Reviews: While many crypto accounts linked to India are welcoming Kucoin, many Indian Kucoin traders are nervous about the possibility of heavy taxes.



Zigzag accuses ZKasino of fraud

 ZkSync DEX project ZigZag has accused the ZKasino team of committing a $15 million fraud. The ZigZag operator claims that other users and former ZKasino workers have also accused the company of fraud. ZKasino has not issued a statement yet. 



Grayscale outflowing it all

  Grayscale is down to 356.44K BTC from 618.28K BTC. Although Grayscale still HODL more BTC than any other ETF, Arkham claims that at the speed at which Grayscale is outflowing Bitcoin, it has only 14 weeks before it will outflow all the Bitcoins from its trust.




Active: GateIo P2P campaign has launched campaign for P2P users, this includes all fiats. UK users are excluded. Timing is between March 22 and 28. First 50 users with most points will earn $100 in USDTest trial fund for trading in GateIo. (Full Details)




Serer Alerts on L2

   Ava Labs founder Emin Gün Serer has warned of SBF-like fraud regarding L2. According to Serer, there are many garbage L2s coming out at the moment that use centralised sequencers without leaving evidence of fraud. (Full Details)

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