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The central banker said firms like Binance should be forced to disclose legal status and lines of accountability, with extra rules on top of the European Union's upcoming MiCA crypto regulation.

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Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, though, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim, and the smell of cannabis permeated the office.

The goal of the proposal is to let Euler users redeem their funds as soon as possible.

The change improves support for exchanges and may bring faster development, Avalanche says.

An industry report is expected to outline best practices in areas including due diligence and risk management.

Trading volume on DEXs rose to $133.1 billion in March, the third straight monthly increase, according to DefiLlama.

The firm said it continues to invest in and expand its asset-management business.

The "Glitch: Beyond Binary" art sale is a reboot of last month's "Glitch-ism" auction and features a more diverse roster of artists.