This past week has been marked by several significant events in the world of DeFi and cryptocurrencies. Here is a roundup of key news stories.
Binance Becomes First Licensed Crypto Broker-Dealer in Brazil
Binance has obtained a broker-dealer license from Brazil’s central bank, making it the first crypto exchange to receive such a license in the country. This milestone includes the acquisition of São Paulo-based investment platform Sim;paul. The license enables Binance to distribute securities and issue electronic money, expanding its services within Brazil.
Morgan Stanley May Add Cryptocurrency Trading to E*TRADE
Morgan Stanley is reportedly exploring the addition of cryptocurrency trading to its E*TRADE platform, potentially offering the service to its 5.2 million retail users. If implemented, this move would position E*TRADE as one of the largest traditional financial platforms entering the crypto market.
Do Kwon Pleads Not Guilty in U.S. Court
Do Kwon, co-founder of Terraform Labs, pleaded not guilty on January 2, 2025, to nine charges related to the Terra ecosystem's collapse. He was extradited from Montenegro after being arrested with fake documents in March 2023.
The past week has brought many important updates and changes in the DeFi and crypto space. Stay tuned for more impacting events in this rapidly evolving market.
