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Dubai Regulator Orders 7 Unlicensed Crypto Exchanges to Stop Operations
11.10.2024
The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against seven unlicensed crypto entities for operating without licenses and violating marketing regulations. VARA has issued cease-and-desist orders and imposed fines on these entities. The regulator warned the public of...
Hong Kong Ramps Up Crypto Scrutiny, Flags 7 Unlicensed Crypto Exchanges
15.7.2024
Hong Kong’s Securities and Futures Commission (SFC) has taken another major step in its ongoing efforts to regulate the crypto industry. The watchdog recently added seven crypto trading platforms to its Alert List, warning investors about their illegal operations in the region. Protecting...
Hong Kong flags 7 unregulated crypto exchanges for noncompliance
15.7.2024
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety
Hong Kong flags 7 unregulated crypto exchanges for noncompliance
15.7.2024
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety
Hong Kong officially kicks out all unlicensed crypto exchanges
31.5.2024
This regulatory crackdown underscores the SFC's commitment to fostering a secure and transparent environment for virtual asset trading
Philippine Gov’t Cracks Down on Unlicensed Crypto Exchanges, Binance Still Accessible
7.3.2024
The Philippine National Telecommunications Commission (NTC) has initiated the blocking of websites belonging to crypto companies offering investment products without the necessary licenses in the country.
The post Philippine Gov’t Cracks Down on Unlicensed Crypto Exchanges, Binance Still...
South Korea Plans to Block Unlicensed Crypto Exchanges
12.2.2024
South Korea plans to conduct virtual asset exchange inspections to expel ineligible platforms later this year. Authorities are contemplating an advanced suspension system for suspicious transactions. This would rapidly prevent the concealment of illicit funds during all stages of the investigation...
Hong Kong Chief Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges: Report
28.11.2023
The Securities and Futures Commission said it does not have the power to close unlicensed crypto exchanges
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs
14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...
Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges
10.8.2023
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for...
Report: South Africa Regulator Says Unlicensed Crypto Exchanges in 2024 May Be Closed Down
6.7.2023
According to the regulator of the South African financial services industry, cryptocurrency exchanges based in the country must secure operating licenses before the year ends. Crypto exchanges that fail to abide by the requirement will either be fined or closed down, Unathi Kamlana, the Financial...
Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse
28.12.2022
The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX which “left hundreds of thousands, even millions of unsecured creditors with little to...
Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse
27.12.2022
The Philippine Securities and Exchanges Commission highlighted that it’s illegal to offer Filipinos access to unregistered exchanges