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Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console

The biggest news in the cryptosphere for Sept. 22 includes Binance’s newly-set Global Advisory Board that’ll foster responsible regulation of the crypto sector, the agreement Russia’s financial watchdog and largest bank reached to use crypto for international payments, and the indefinite close-up of the banks in Lebanon which pushed the Lebanese to turn to crypto.

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Binance sets up global advisory board to drive responsible regulation of crypto

Binance announced the launch of its Global Advisory Board (GAB) to support responsible regulation of crypto.

Binance’s CEO Changpeng Zhao said the new endeavor indicates Binance’s commitment to establishing healthy engagement with the regulators worldwide and supporting them as they work to create a regulatory framework for the crypto industry.

Russia’s financial regulators agrees on crypto use for international payments

According to Russia’s Finance Minster Deputy Alexei Moiseev, the country’s finance ministry and its largest bank agreed to allow crypto usage in international payments.

Moiseev said that the duo is working together to draw up an agreeable regulation for crypto by Dec. 19.

Lebanese people turn to crypto, decentralization as banks close down indefinitely

The financial crisis in Lebanon has been worsening by the day. On Sept. 15, the government froze all bank deposits and closed them off for a week. However, on Sept. 22, just as the banks were about to re-open, the Association of Banks in Lebanon (ABL) announced that the banks would remain closed indefinitely.

In the meantime, young Lebanese people who already had high crypto adoption due to the ongoing financial crisis had turned entirely to crypto. Seeking financial relief, these youngsters are leading the crypto revolution in the country.

FTX looking to raise $1B in funding at $32B valuation

Exchange giant  FTX  is preparing to hold a budget round to raise $1 billion. If this happens, the exchange’s valuation will reach $32 billion. Temasek, SoftBank, and Tiger Global are amongst the investors who agreed to fund FTX in…

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