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RoboFi News Review: Top Crypto News of the Week

This week’s news roundup is presented below.

Factbox: From BlockFi to Genesis, crypto firms reel from exposure to FTX

Many companies had financial ties to the defunct cryptocurrency exchange FTX and the trading firm it was affiliated with, Alameda Research, and as a result, the industry is bracing for more pain after FTX’s collapse.

Crypto exchange Kraken settles U.S. investigation over alleged Iran sanctions violations

Swapping Cryptocurrencies The U.S. Treasury Department’s Office of Foreign Assets Control announced that Kraken has agreed to pay a fee to settle civil liability linked to potential violations of sanctions on Iran. Kraken has agreed to pay the OFAC a total of $362,000 and “invest an additional $100,000 in certain sanctions compliance controls” as part of a settlement.

FTX collapse shows urgent need to finalise EU crypto rules, says European Commission

One of the highest-ranking European Commission officials warned on Wednesday that the “questionable activities” at the defunct cryptocurrency exchange FTX would not have been permitted to happen under EU rules that need to be finalized soon. Bitcoin’s decline triggered a “crypto winter,” which resulted in the shutdown of cryptocurrency exchange FTX and, just this week, the bankruptcy filing of cryptocurrency lender BlockFi.

ECB says Bitcoin is artificially propped up, shouldn’t be legitimised

The European Central Bank has warned against authorities and financial institutions giving Bitcoin their stamp of approval since the currency is more comparable to gambling than anything else. In light of the inflationary policies undertaken by major central banks like the ECB in recent years, Bitcoin and other cryptocurrencies have been promoted in various ways as an alternative form of money and a shield against these practices.

Fraud, transaction problems highlight US consumer complaints over crypto

Fraud and transaction issues drove a rise in US consumer cryptocurrency complaints. The CFPB study comes after the high-profile failure of the FTX crypto exchange shook the crypto industry. CFPB Director Rohit Chopra said criminal actors are using crypto-assets to commit fraud.

About RoboFi

RoboFi ( is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

About VICS

VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.

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