Statistics: 75 cryptocurrency exchanges closed in 2020. This is a 56% increase from last year.

10月
07
2020-10-7 22:31
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Cryptoglobe News, Cryptoweiser Records, this year so far 75 cryptocurrency exchanges have either been shut down, hacked, shut down by the government, or simply disappeared from the network. This number is up 56% from last year and there is no impact. According to the report, cryptocurrency exchanges have been affected by "increased competition, saturation and regulation." The growth of derivatives, non-crypto-alternatives and decentralized exchanges is expected to close more than 75 exchanges so far this year. The development of DeFi is also seen as important, as trade without DeFi services or benefits will lag behind.

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Central Bank of Kyrgyzstan kills SWIFT across borders to prevent money laundering
According to the Cointelegraph, the Central Bank of Kyrgyzstan has suspended the SWIFT financial network for cross-border trade due to the unrest sparked by the elections. On October 7, Aida Karabaeva, director of the Central Bank of Kyrgyzstan, announced in a statement that SWIFT had temporarily suspended its Kyrgyz operations. Karabaeva said the bank's decision to ban SWIFT transactions was aimed at preventing the emergence of investments and protecting securities. It has been argued that the central bank plans to resume trading in SWIFT as soon as the domestic situation stabilizes. The Central Bank of Kyrgyzstan has agreed to temporarily suspend the activities of local financial institutions due to political unrest. On October 7, the Central Bank issued a statement calling for the suspension of financial institutions and banks in Kyrgyzstan.
2020-10-7 22:21

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