Crypto Market Overview – September 22th, 2021
The Central Bank of Ukraine Continues to Pursue a Policy of Fair Regulation of Crypto
The National Bank of Ukraine (NBU) once again supported the parliament, which voted for fair regulation and development of the cryptocurrency industry in early September, as assets such as BTC do not yet have a significant impact on the country's monetary policy and financial stability. Cointelegraph reports. Central Bank officials stressed that they recognize the importance of technological innovations related to virtual assets and see them as “many promising opportunities” for improving access to financial services and increasing competition in the payments market. But NBU intends to take a number of measures to ensure financial stability in the country, since the further implementation of the digital money ecosystem will make cryptocurrencies less volatile and more influential. At the same time, the National Bank insists that in the future, the crypto will not become a legal tender on a par with the state Hryvnia.
One of The Largest Investment Banks in Brazil Has Launched a Direct Sale of BTC
For the first time in the country, the major Brazilian investment bank BTG Pactual announced the launch of a new Mynt platform for direct buying of Bitcoins. Bitcoinmagazine reports. BTG Pactual CEO Roberto Sallouti added that the Mynt platform will also host educational content designed to educate newcomers to crypto trading and the crypto industry in general. “As a new asset class, we will also have content to educate and inform our customers about these assets and technologies.” — Salluti said. The bank's representatives also say that its activities are fully regulated by both the Brazilian Securities Commission and local central banks, so the legality of the services provided should not raise doubts among investors.However, it is not yet known whether BTG Pactual will support the withdrawal of Bitcoins directly or their BTC product will become something like a financial derivative.
Binance Eliminates Derivatives In Australia Amid Regulatory Pressure
The world's largest crypto exchange in terms of trading volume, Binance, limits the number of services provided to clients in Australia, removing futures, options and the ability to trade leveraged tokens from the platform due to pressure from global regulators. Cointelegraph reports. Registered Australian users will be required to close all their trading positions in said derivatives within 90 days. Starting this Friday, customers will no longer be able to raise their rates or open new derivatives orders on Binance. At the same time, the crypto exchange will leave the opportunity for users to replenish their margin balances in order to prevent the liquidation of positions and pay off possible debts. But after December 23rd, Australian traders will no longer be able to manually cut or close their orders.The restrictions on Binance in Australia stemmed from several warnings from global regulators. The digital exchange has already stopped derivatives trading in Brazil, Hong Kong, Germany, Italy and the Netherlands.
Burger King on The Wave of Hype: Chain of Establishments Launches NFT Campaign
Fast food giant Burger King has announced partnerships with celebrities such as Nelly, Anitta and LILHUDDY to launch its Keep It Real Meals non-fungible token (NFT) campaign, which will be sold at the NFT Sweet digital auction. Coingape reports. Keep It Real Meals will help Burger King clients unlock access to the company's collection of digital artifacts and additional “rewards” via QR codes that will be printed on 6 million boxes of Burger King products. As “rewards,” BK will offer fans 3D Burger King collectibles, a year's supply of Whopper sandwiches, autographed merchandise from celebrity partners, or even a phone call with one of them.