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The CEO of the encryption exchange Genesis has resigned and laid off 20% of its staff



Time:8/17/2022 12:31:59 PM

[CEO of encryption exchange Genesis has resigned and laid off 20% of its staff] Jinse Finance reported that encryption trading platform Genesis said that its CEO Michael Moro has resigned, but will continue to provide transition advice for the company, and its chief operating officer Derar Islim will take over At the same time, the platform will lay off 20% of its staff. (The Block)

Other news:

South Korea's Shinhan Financial Group suspends its investment review of the encryption exchange Korbit: On June 13, according to foreign media reports, it was confirmed that South Korea's Shinhan Financial Group has suspended its investment review of the country's encryption exchange Korbit. The negative stance of South Korean financial authorities towards the virtual asset market appears to be having an impact.

It is reported that in March this year, in order to expand new businesses, Shinhan Financial Holdings announced that it would invest tens of billions of won in Korbit using the "Original Shinhan-related New Technology Portfolio No. 1" fund operated by Shinhan Capital, and The plan to acquire less than 20% of its shares has been advanced, but the investment needs to go through the review process. (The Daily Telegraph) [2022/6/13 4:22:22]

Foreign media: Colombian financial sector may be allowed to conduct encrypted transactions: September 18 news, Colombian banks may be allowed to test encrypted transactions in the new regulatory sandbox, Presidential Economic and Technical Advisor Víctor Muñoz said on Twitter that Colombia Markets and financial watchdog Superfinanciera "issued a call for the financial system to use a new regulatory sandbox to test fiat transactions with crypto assets". Regulators want to accumulate "evidence for a smart regulatory framework based on experience, data and knowledge," he added. Earlier this week, a presidential order released details of the sandbox program. But local media reported that the decree document did not mention anything about crypto assets. Many crypto exchanges have developed a level of skepticism about sandbox developments. But others were more optimistic, with Mauricio Tovar, co-director of blockchain academic research group InTIColombia, tweeting: “This is important news. The financial sector will be able to use Superfinanciera’s sandbox for crypto experiments.”( Cryptonews)[2020/9/18]

News | P2P trading volumes on Indian crypto exchanges are increasing rapidly: According to, due to the banking ban of the Reserve Bank of India, trading volumes on peer-to-peer (P2P) cryptocurrency trading platforms hosted by Indian exchanges are rapidly increasing. “Indians are escalating to P2P in an amazing way,” said the CEO of a local crypto exchange. Several other exchanges competing in the same space have seen similar responses from users. [2018/10/21]

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