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According to recent reports, India is set to ban 9 crypto exchange URLs in a move from the countrys Financial Intelligence Unit. indeed, they have called for the Ministry of Electronics and Information Technology to block the URLs for exchanges like Binance, Kraken, and others.

The move will also affect Huobi, Kucoin, Bittrex, Gate.io, Bitstamp, Bitfinix, and MEXC Global. Moreover, a press release revealed that the ban occurred after these virtual asset service providers (VASP) were not in compliance with the Prevention of Money Laundering Act.

JUST IN: India to ban 9 crypto exchange URL's.

Binance Kraken Huobi Kucoin Bittrex Gateio Bitstamp Bitfinex MEXC Global

Also Read: US Congressman Emmer Co-Signs Bill To Fire SECs Gary Gensler

The past year has certainly been a big one for digital asset regulation on a global scale. Countries across the world are establishing their framework as the industry is seeking to integrate. However, that process has not been as smooth in some regions.

Specifically, India is now set to ban 9 crypto exchange URLs due to non-compliance with its money laundering prevention legislation. Among those exchanges affected are entities like Binance, Kucoin, and Kraken. Moreover, the development occurs as India is attempting to increase mandates on the market.

Also Read: BRICS: India Makes First Local Currency Payment to UAE For Oil

In March of this year, India instituted a mandate for crypto firms to implement know-your-customer (KYC) data. Additionally, they had required these firms to be registered by the countrys previously mentioned Financial Intelligence Unit (FIU). Subsequently, that same unit has called for the URL ban.

VASP recipients operating in India are required to register with the FIU and adhere to the money laundering prevention controls. Although 31 entities are reportedly registered with the FIU, several are not getting registered and coming under the Anti Money Laundering (AML) and Counter Financing Terrorism (CFT) framework.

Ultimately, the FIU issued show cause notices to the nine firms affected by the ban. Additionally, there have been no clearly stated repercussions for the companys failure to register.

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India to Ban 9 Crypto Exchange URLs Including Binance & Kraken - Watcher Guru

Indias Ministry of Finance issued compliance show cause notices to Binance and eight other offshore exchanges for operating illegally against anti-money laundering policies.

Indias Financial Intelligence Unit (FIU) addressed the notices to Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, according to a circular shared on Dec. 28.

Furthermore, the FIU intends to wall off local investors from these platforms and has taken initial steps to block URLs of non-compliant Virtual Digital Assets Service Providers.

FIUs announcement noted that the decision to crack down on Binance and other foreign exchanges aligns with Indias Prevention of Money Laundering Act (PMLA). However, no timeframe for cautioned platforms to respond was disclosed.

Indias Ministry made it mandatory for crypto businesses to register with the FIU and comply with PMLA provisions. This move was announced in March, and 28 cryptocurrency firms had registered with the national anti-money laundering agency as of Dec. 4, crypto.news reported.

The obligation is activity-based and is not contingent on physical presence in India. The regulation casts reporting, record keeping, and other obligations on the VDA SPs under the PML Act which also includes registration with the FIU IND.

Crypto remains a dicey topic in India, with regulators disagreeing over how authorities should treat the nascent industry. Indias Minister of Finance, Nirmala Sitharaman, called on international collaboration toward building a comprehensive crypto framework and urged governments to consider blockchains merits.

However, the Reserve Bank of India has not changed its stance on crypto and argued for a blanket ban on virtual currencies.

Continued here:

India cracks down on Binance, eight other foreign exchanges - crypto.news

Binance is one of the worlds largest cryptocurrency exchanges. In 2017, the exchange began offering services. It has more than 169 million users worldwide. The exchange is straightforward for customers and has a low transaction fee.

There have been a lot of things happening around Binance. In one of the most recent updates, Binance CEO Changpeng Zhaostepped downas CEO and pleaded guilty to criminal charges. Following the reports, the price of BNB also dropped. However, the price has recovered recently.

Also read:VeChain New Year Price Prediction: How High Can VET Go?

Binance Coin (BNB) is trading at $330 at press time, according toCoinMarketCap, with an 11% surge in value over the last 24 hours. Alongside the whole cryptocurrency market, Binance Coin is also trading in green. With the New Year almost here, here is our price prediction for BiNB for January 2024.

Various factors, such as market conditions and price action, will determine whether Binance Coin (BNB) can shoot up in price in January 2024.

Based on BNBs behavior at the start of 2023, cryptocurrency experts atChangellyoffer their price prediction for Binance Coin for January 2024. For this timeframe, BNBs price is anticipated to be $435. During January, the minimum price is anticipated to be $322. The maximum price is expected to reach $548.

Also read:Dogecoin New Year Price Prediction: How High Can DOGE Go?

According to the latest CoinMarketCap data, Binance Coin is trading at $330. Its had an 11% surge in value over the last 24 hours. BNB has currently surged past the $300 resistance, eyeing the next level even when the whole market trades in the red and green. However, prices can fluctuate and vary depending on the overall market conditions.

Originally posted here:

How High Can Binance Coin (BNB) Surge in January 2024? - Watcher Guru

As we speak about the current cryptocurrency market, its well worth noting that Binance Coin (BNB) has made an impressive recovery, with a 9% increase within the past 24 hours. Meanwhile, Solana (SOL) has declined by 6%, inflicting Binance Coin (BNB) an upward push to the fourth position. Despite indicators suggesting a possible price increase, regulatory problems have overshadowed Binance Coin (BNB). Meanwhile, the newly introduced decentralized platform Pushd is ready to revolutionize e-commerce by providing a decentralized market with several modern innovations to outpace traditional giants, including eBay and Amazon.

Binance Coin (BNB) has rebounded with a 9% surge, reclaiming its reputation as the fourth-biggest cryptocurrency from Solana (SOL). However, the regulatory challenges create demanding situations, contributing to consumers heightened Fear, Uncertainty, and Doubt (FUD). Despite current declines in the Funding Rate and Weighted Sentiment, analytical signs suggest a price boom in the approaching year. Nevertheless, Binance Coin (BNB) aims to surpass its preceding All-Time High with a projected price target of $400 through 2024. It is crucial to notice that the belief of claiming this mark also can go beyond January.

Solana (SOL) faces a setback with a 6% drop in the recent 24 hours, marking the end of a current ecosystem frenzy. The Solana (SOL) based meme coin rally also sees a decline, with leveraged long positions worth $32 million liquidated. Meme tokens like BONK and WIF have plummeted over 50% from their December highs, signaling income-taking and waning interest. BNB Smart Chains native token (BNB) capitalizes in this, rallying 9% in 24 hours, regaining the fourth spot in market capitalization from Solana (SOL).

Pushd is set to emerge as a decentralized game-changer, promising a seamless marketplace experience for consumers and sellers alike. Nevertheless, Pushd will eliminate the need for KYC (Know Your Customer) processes, making it easier and quicker for users to sign up and list their products, unlike traditional online trading platforms. Additionally, the Pushd will offer a unique swap service, enabling instant currency exchange and supporting various cryptocurrencies for transactions.

Addressing troubles in traditional marketplaces, Pushd will ensure low platform fees, instantaneous fund releases, and decentralized governance. Offering features like immediate deposits, revenue sharing for presale buyers, and a commission-free swap service, Pushd aims to redefine decentralized e-commerce, emphasizing security, transparency, and decreasing fees compared to centralized counterparts.

Pushds first presale phase begins at an appealing rate of $0.035, it will offer an exciting investment opportunity with significant growth potential. With a dedication to transparency and innovative capabilities, Pushd will be equipped to shape the destiny of decentralized e-commerce while also serving as a promising investment portfolio for investors.

For more information about the Pushd (PUSHD) Presale, visit their website.

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Binance Coin (BNB) rises in value, Solana (SOL) takes a slight dip while the new presale Pushd (PUSHD) goes live - Analytics Insight

The Solana (SOL) bulls are regaining control as trading volumes start picking up again at the start of 2024.

As per data presented by Yahoo Finance, $2.2 billion in spot SOL/USD trading volumes changed hands on Monday, up sharply from the low volumes of around $1.7 and $1.8 billion seen over the past two days, as SOLs price pushes back towards $110.

SOL was last around $108, up around 4% in the past 24 hours as per CoinMarketCap, and eyeing a run back towards Decembers multi-quarter highs at $125.

Solana was a star performer in December, gaining over 70% amid a surge in meme coin trading and airdrop hunting on the blockchain, which helped pump bullish narratives around the blockchains ability to rival Ethereum thanks to its innovative technology, super fast transactions and low fees.

Solana traders, just like broader cryptocurrency market participants, will be monitoring themes this like such as the potential approval in the US of spot Bitcoin ETFs, upcoming US macro data (namely the December jobs report out on Friday), and will be keeping an eye on Solana on-chain metrics to see whether the latest growth in activity is showing any signs of slowing.

Solana currently has a market cap of just under $47 billion, versus Binance Coin (BNB)s market cap of around $47.5 billion.

Thats a very meagre gap to close, and one that Solana, prior to last weeks pullback from multi-quarter highs, has already closed in recent memory.

Indeed, Solana briefly became the fourth largest cryptocurrency in the world last week, behind only Bitcoin (BTC), Ether (ETH) and Tether USD (USDT) as its price peaked around $125.

Arguably, Solana stands a very good chance of overtaking BNB once again, given the former strong bullish momentum, and given the latters very weak momentum.

BNB was a laggard in 2023, gaining less than 30% over the course of the year versus Bitcoins gain of over 160%, Ethers gain of around 100% and Solanas stunning gain of around 1,000%.

The aforementioned bullish narratives surrounding Solanas use case and potential to rival the likes of Ethereum and Bitcoin are likely to continue contributing to growing interest in the blockchain, at a time when BNB is struggling to benefit from any bullish narratives of its own.

Many crypto enthusiasts have long been skeptical of the BNBs reliance on crypto exchange Binance (who developed and launched it and has been marred by legal issues in 2023), while some have derided its lack of innovation.

Perhaps BNB is overdue a catch-up to the rest of the market, but the momentum is with Solana, which remains odds-on to steal the number four spot in the crypto rankings.

Solana price predictions are likely to remain bullish as traders eye a retest of April 2022 highs in the $140s.

While Solana (SOL) could offer good upside prospects for the months ahead, traders should always look to diversify their crypto holdings.

For those with a strong risk tolerance, investing in promising up-and-coming web3 project by buying into their token presales is one good way to generate potential quick exponential gains.

Cryptonews.com spends a lot of time analyzing which presales have potential, and one such project that they are big fans of is an exciting new project calledMeme Kombat.

Meme Kombat blends together the world of crypto gaming and gambling with its exciting platform where users are able to bet on the outcomes of exciting battles between characters based on some of the crypto worlds most popular meme coins.

Early $MK investors can also benefit from generous staking rewards, which are currently more than 100% annually.

The project has already raised close to $5.25 million, despite launching just weeks ago.

Visit Meme Kombat Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Solana Price Prediction as $2.2 Billion Trading Volume Comes In Can SOL Overtake Binance Coin? - Cryptonews