📌 Ex-Prosecutors Join Push for White House Support in Binance Exec’s Nigeria Detention Case

*🟢 *Over 100 former US law enforcement officials penned a letter to Secretary Blinken, calling on the State Department to take stronger action to free Tigran Gambaryan, a Binance executive detained in Nigeria. It comes just a day after 16 members of Congress sent a similar letter, adding to the State Department’s pressure.

*✅ *The letter highlighted Gambaryan’s role as a family man with two young children. It also points to his decade-long US Internal Revenue Service Special Agent career. Axios reported that investor and Coinbase board member Katie Haun initiated the letter.

*🔔 *In Jan. 2024, Gambaryan, along with other Binance staff, went to Nigeria for a meeting with government officials to talk about financial regulations. However, Binance’s CEO Richard Teng claims a Nigerian official tried to strong-arm the crypto exchange representatives into a secret bribery deal. This deal would supposedly resolve accusations the Nigerian government made against Binance.

*🟢 *After the unsettling meeting in Nigeria, Binance representatives, including Gambaryan, left the country due to safety concerns. Despite this, in Feb. 2024, at the Nigerian government’s invitation and with assurances of safety, Gambaryan returned to Nigeria along with fellow colleague Nadeem Anjarwalla to resume discussions about following financial rules. Things got messier in March. Both executives were unexpectedly held in Nigeria for two weeks. They were then slapped with accusations of money laundering and tax evasion.

*➡️ *Anjarwalla, a British-Kenyan dual national, allegedly left the country in March using a hidden Kenyan passport. Meanwhile, Gambaryan, still in Nigeria, entered a not guilty plea to money laundering charges during a court appearance in April.

*🟠 *The ex-prosecutors wrote that Gambaryan is “completely innocent.” His mid-level position at Binance doesn’t make him a high-enough ranking official to represent the company in this situation, they added. They also mentioned the he’s being held at Kuje Prison, known for housing dangerous criminals.

👑 To emphasize the need for immediate action, the ex-prosecutors pointed to his declining health, including fainting in court, possibly due to malaria.

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🌟 Robert F. Kennedy Jr. Champions Crypto Regulation and Transactional Freedom

🚀 Kennedy's Vision for America: Blockchain Hub and Consumer Protection
At Consensus 2024, 🎙 Robert F. Kennedy Jr. took center stage in Austin, Texas, to discuss the future of crypto regulation in the United States. As an independent candidate for U.S. president, Kennedy emphasized the need to safeguard consumers from deceptive schemes while ensuring that America remains at the forefront of blockchain technology.

💼 Transactional Freedom and Transparent Currency
Kennedy's stance on crypto goes beyond regulation; he advocates for transactional freedom and a currency that is truly transparent. He believes in empowering individuals with sovereignty over their own wallets, fostering a financial ecosystem that prioritizes trust and accountability.

💰 Crypto Investments and Family Values
In a surprising revelation, Kennedy shared his personal crypto journey, disclosing his purchase of twenty-one bitcoins during his campaign trail. Not stopping there, he also invested in three coins for each of his children, highlighting his belief in the long-term potential of digital assets.

*🟢 *Staying Above the Fray: Kennedy's Classy Response to Trump's Verdict
Just before taking the stage, Kennedy demonstrated his commitment to focusing on pressing issues rather than engaging in political mudslinging. When asked about Donald Trump's guilty verdict, he gracefully deflected, reiterating his dedication to economic and health concerns that shape his campaign.

*🟢 *Trump's Crypto Talk: A Welcome Development
While Trump has been making waves with his recent foray into the world of crypto discourse, Kennedy chose to embrace this development as a positive step toward greater freedom and transparency in our nation. Regardless of political motivations, Kennedy sees this as an opportunity for progress.

Elon Musk Deems Donald Trump’s Conviction “Great Damage” To Public Faith

*👉***Read more

🔔 Israel Takes a Leap into the Future: Digital Shekel Payment Test Set to Launch!

💡 The Bank of Israel (BoI) is not one to shy away from innovation. With its sights set on the future, it's accelerating the development of its very own central bank digital currency (CBDC), affectionately known as the digital shekel.

✅ In a move inspired by Project Rosalind, a collaboration between the Bank for International Settlements and the Bank of England, the BoI is introducing the Digital Shekel Challenge. This exciting experiment aims to foster collaboration and spur creative thinking in CBDC development.

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🤝 Deputy Governor Andrew Abir emphasizes that this endeavor is all about teamwork. He envisions a collaborative effort involving not just the central bank but also the private sector and government. By involving diverse stakeholders, they aim to ensure transparency and inclusivity in shaping the digital shekel's future.
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🔒 Blockchain Technology Enables Reusable KYC Solutions, Easing the Burden for Users and Businesses

💼 As the importance of KYC compliance grows, so does the market for KYC software, projected to reach $2.93 billion by 2027 with a CAGR of 20.8%.

📈 The surge in identity-related frauds and the rise of deep fakes and AI scams are driving the need for robust KYC measures.

⏳ However, traditional KYC processes are repetitive and time-consuming, leading to a significant drop-off rate of up to 40%.
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