Daily Brief: US Sanctions Canadian Crypto MSBs Over Iran Ties

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US Sanctions Eight Canadian Crypto Entities Over Iran and Drug Ties

The Treasury Department designated eight Canadian money services businesses on Nov. 7 for processing transactions tied to the Iranian regime and an alleged narcotics network.

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Binance Replaces Finance Chief Kaiser Ng With Justin Yek

Former Airwallex vice president Justin Yek succeeds Kaiser Ng as Binance CFO, concluding a six-month transition that follows an Oct. 29 North Korean exploit resulting in a $6.3 billion loss.

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Apple and Meta Reject OKX-ICE Tokenized Stock Venue Listings

Apple and Meta formally opted out of the OKX-ICE tokenized stock platform on Nov. 5, pushing total corporate objections to 67 and blocking all Magnificent Seven equities from the proposed venue.

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Corporate Treasuries Expand as Bitmine and Strive Acquire Assets

Bitmine Immersion Technologies now holds over 6 million $ETH, while Strive increased its $BTC reserves to 43,124 after purchasing 15,124 tokens in October.

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NatGold Delists Token From MEXC Following FinCEN Action

NatGold Digital requested the immediate removal of its $NATG token from MEXC on Nov. 7 after FinCEN barred US financial institutions from processing the exchange's transfers.

The numbers

Bitcoin trades at $75,786, total digital asset market capitalization sits at $2.51 trillion, and the Fear & Greed Index reads 28.

What to watch

• Coordinated regulatory strikes by OFAC and FINTRAC against international money services businesses operating as crypto off-ramps.
• Potential objection notices to the OKX-ICE platform from major public firms like Visa and Berkshire Hathaway.
• Corporate disclosures outlining new Binance CFO Justin Yek's strategic balance sheet priorities.

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