Cryptocurrency

Washington D.C., June 6, 2023 — In a move that further solidifies the SEC's relentless assault on the crypto industry, Coinbase, Inc. finds itself under fire as the Securities and Exchange Commission (SEC) has charged the popular cryptocurrency exchange for operating as an unregistered national securities exchange, broker, and clearing agency. Additionally, Coinbase is accused of conducting an unregistered offer and sale of securities through its staking-as-a-service program.

In a recent groundbreaking move, Sberbank, Russia's leading bank, has stepped into the world of Decentralized Finance (DeFi). With plans to launch its DeFi platform later in 2023, Sberbank is paving the way for other traditional financial institutions to follow suit.