US cryptocurrency exchange Coinbase announced on the 18th that the Competition Commission of India (CCI) has approved its acquisition of a minority stake in DCX Global, the operator of CoinDCX. This decision formalizes Coinbase's partnership with one of India's largest cryptocurrency platforms and paves the way for its re-entry into the Indian cryptocurrency market.
2. Binance Reconsiders US Return StrategyโฆCZ Stake Reduction Possible
Binance is reportedly considering a strategic restructuring to re-enter the US market, with the possibility of reducing co-founder Changpeng Zhao's (CZ) controlling stake being discussed. Bloomberg reported that Zhao's majority stake has been a barrier to US expansion, and Binance is seeking to regain influence by expanding its US partnerships.
3. DTCC to Promote On-Chain Issuance of Tokenized US Treasury Bonds
DTCC, a core Wall Street infrastructure firm, announced on the 18th that it will begin issuing tokenized U.S. Treasury bonds on the Canton Network, citing a no-action letter from the U.S. Securities and Exchange Commission (SEC). DTCC presented this project as the first step in establishing the foundation for an on-chain capital market transition, expanding beyond U.S. Treasuries to include a broader range of highly liquid assets, including bonds and exchange-traded funds (ETFs).
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
