#Cryptoexchangers

[ladookhotnikov]

Crypto exchangers and mixers will be banned?

Quite alarming information is spread on the cryptocurrency market: US regulators are preparing a complete ban on cryptocurrency exchangers and mixers. The first, preparatory phase is now under way: legal proceedings are being brought against the largest crypto exchanges and criminal cases are being opened against their managers.

Lado Okhotnikov, Head of Meta Force:

"Yes, there are such rumors. True, this is just rumors without any official confirmation, but the total situation may indeed cause concern to the crypto community. There is a coordinated attack on structures that are basic to crypto business..."

Just look at recent events:

In the United States, one of the founders of the crypto mixer "Tornado" was arrested. The second co-founder is wanted and is under American sanctions. Charges are standard for crypto business: money laundering and non-compliance with American sanctions.

According to American prosecutors, about $1bln was laundered. Including several hundred million USD in cryptocurrencies received from North Korean hacker group Lazarus.

Lazarus is an odious group associated with North Korean intelligence and known for successful hacker attacks that have earned hundreds of millions of dollars. So, if "Tornado" did receive funds from Lazarus, it would be hard to refute the money laundering charges. Another thing is that in many cases the exchanger is not able to determine the origin of the money, this requires a serious investigation.

Recall that currently, there are ongoing trials against crypto exchanges Binance and CoinBase, arrested former head of the FTX Bankruptcy Exchange, problems have arisen among dozens of companies on a smaller scale.

Lado Okhotnikov:

"We live in an age where everything is possible. The level of aggression against everyone is increasing, and it is sad. However, in this particular case, I don’t believe we should expect a total ban on crypto exchangers. The costs will be high and the interests of powerful groups will be at risk. And then, the decision of one country, even one such as the US, will lead to the migration of services to more friendly jurisdictions, However, even if there is no ban, we will see the tightening of the legislation necessarily."

[undrgrnd-nft]

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[crypto-news24]

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[tradedoubllers21]

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[bkmrkguru]

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[businessvala]

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[binancetrading1]

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[undrgrnd-nft]

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[marcelvoets]

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[franklinroosevelt195]

What is Pancakeswap?

Smart Chain (BSC). It allows users to swap various cryptocurrencies and tokens, provide liquidity to earn fees and rewards and participate in yield farming and staking.

Key features and functions of PancakeSwap include:

Swapping Tokens: Users can exchange one cryptocurrency or token for another directly on the PancakeSwap platform. This facilitates trading and allows users to access a wide range of tokens

Liquidity Provision: PancakeSwap relies on liquidity pools provided by users. Liquidity providers deposit pairs of tokens into these pools, allowing others to trade them. In return, liquidity providers earn fees from transactions.

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Syrup Pools: PancakeSwap often hosts "syrup pools," in which users can stake CAKE tokens to earn new tokens from project partnerships or as rewards. PancakeSwap gained popularity due to its low transaction fees and fast confirmation times.