TOP 5 in KEY ALERTS: “Vauld’s assets were frozen in India”

We show you a summary of the highlights of the week on the Telegram channel KEY ALERTS. Having as main news: “In India they freeze the assets of Vauld”. First of all, catch up on the main news Stay updated!

1. In India, Vauld’s assets were frozen.
2. Coinbase will temporarily suspend withdrawals and deposits of ETH tokens.
3. Buenos Aires will have Ethereum validator nodes.
4. Crypto.com it will offer its services in Canada.
5. Mercado Libre has launched the cryptocurrency “Coin”.

Vauld’s assets frozen in India

First, the Indian Enforcement Directorate (ED) announced the seizure of crypto assets from Flipvolt, the Indian branch of Vauld. According to the authority, the assets, worth $46.5 million, will be confiscated while a money laundering case linking the cryptocurrency lending platform with suspicious companies is being investigated.

According to the press release, Vauld’s local entity was used by 23 fintech and non-banking companies to deposit millions of dollars in wallets under the control of Yellow Tune Technologies.

In this regard, Vauld say that he had served and followed the ED’s subpoena to provide documents to investigators. In addition, he indicated that the freeze was due to an account belonging to a former client of the platform, which had since been closed.

«We seek legal advice on our best course of action to protect the interests of the company, its clients and all interested parties. We have fully cooperated with the Compliance Directorate».

Coinbase will temporarily suspend withdrawals and deposits of ETH tokens

In addition to this, the cryptocurrency exchange, Coinbase, suspended briefly the deposits and withdrawals of ETH and ERC-20 tokens during the Ethereum merger.

Specifically, Coinbase product manager Armin Rezaiean-Asel said that during the “The Merge” event, the exchange “it will pause briefly“deposits and withdrawals of Ethereum and ERC-20 tokens”as a precautionary measure“to manage migration.

«Although the merger is expected to be perfect from the user’s perspective. The downtime makes it possible to ensure that the transition has been successfully reflected by theos system».

Buenos Aires will have Ethereum validator nodes

Of equal importance, according to the Secretary of Innovation and Digital Transformation of the city of Buenos Aires, Diego Fernández, the government plans to implement Ethereum validator nodes by 2023.

Thus, the city of Buenos Aires, the capital of Argentina, would perhaps be the first city in the world where a government implements Ethereum nodes, or a computer running Ethereum client software.

Crypto.com it will offer its services in Canada

Crypto.com it has become the first exchange to commit to offering its products and services. In accordance with the rules of the Canadian supervisory body – the Ontario Securities Commission (OSC) and with the Canadian Securities Administration.

«Compliance underlines everything we do in Crypto.com . We are proud to work with OSC and CSA to provide Canadian customers with access to a secure and reliable global platform».

Mercado Libre has launched the cryptocurrency “Coin”

As a final point, Mercado Libre announced the launch of Mercado Coin, a crypto asset that will gradually become available to users in Brazil.

In particular, Marcos Galperin, CEO of Mercado Libre said: “Today we launched Mercado Coin in Brazil, giving a greater boost to our loyalty program and taking another step to democratize financial inclusion in Latin America».

Indeed, Mercado Coin will be a reward for those who buy selected products in Mercado Libre, which will be identified with the logo of the digital asset. It can be used to purchase other items within the Marketplace, as well as buy and sell for local currency (in this case, the real one) directly from the Mercado Pago application.

To finish, you can follow the Telegram channel KEY ALERTS to be informed about the latest news of Bitcoin, Blockchain, Metaverse and investments Information is power!

I say goodbye with this quote from Richard Feynman: “The final test of knowledge is your ability to pass it on to another person».

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