Canada: Crypto Exchanges Must Register With Financial Watchdog, Binance Officially Launches Its 2.0 Platform, & Other News

  • Bitcoin price shed more than 10% on July 11 as markets appeared to react to criticism of Facebook's Libra from a senior United States lawmaker.
     
  • Top crypto exchange, Binance, has launched its margin trading platform after a month of anticipation.
     
  • Cryptocurrency exchanges in Canada will be legally required to register with the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) as of June 1, 2020, according to a notice. 
     
  • The Winklevoss twins forecast that 2021 will see crypto-like offerings from all major tech giants, which will try to follow in Facebook's footsteps.
     
  • United States-based payments startup Fold has made Lightning Network payment methods available for Amazon, Starbucks, Uber and other big name retailers.
     
  • SPONSORED: ​​Financial derivatives are one of the oldest types of contracts on the financial markets. How can they be applied to the crypto industry? Read here.
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