The crypto space continues to evolve rapidly, with several significant events occurring this week. We take a look at the main news and trends in DeFi and cryptocurrencies.
Binance Becomes Licensed in Brazil
Binance has become the first crypto exchange to obtain a broker-dealer license from Brazil's central bank. This approval allows Binance to distribute securities and issue electronic money within Brazil's regulatory framework.
Morgan Stanley Plans Crypto Trading Integration
Morgan Stanley is exploring the addition of cryptocurrency trading to its ETRADE platform, potentially offering the service to its 5.2 million retail users. If successful, this move would establish ETRADE as one of the largest traditional financial platforms to enter the crypto market.
Do Kwon Pleads Not Guilty
Do Kwon, co-founder of Terraform Labs, pleaded not guilty in a U.S. court to nine charges related to the Terra ecosystem collapse. Kwon was extradited from Montenegro after being arrested in 2023 with fake documents while attempting to leave the country.
The week was filled with significant events for both the crypto world and traditional financial institutions that are increasingly integrating new technologies.
