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Bithumb to Ban Foreign Traders Failing Mobile Phone Identification
4.9.2021
South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb...
Banks vs. exchanges — regulators overwhelmingly penalize fiat, not crypto
3.9.2021
Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years
Mastermind of Zimbabwean Bitcoin Pyramid Scheme Vanishes With $6 Million
3.9.2021
Reports from Zimbabwe suggest that an individual by the name of Martin Mhlanga, who is the mastermind behind the Cryptoshares bitcoin pyramid scheme, has disappeared along with over $6 million in investor funds. In addition to Mhlanga’s disappearance, the individuals thought to be managing...
Crypto Exchange Binance Plans US IPO in 3 Years, CEO Says
3.9.2021
Cryptocurrency exchange Binance’s U.S. arm could be going public in three years, Binance CEO Changpeng Zhao has revealed. He said that his exchange “is just going to do what Coinbase did.” Coinbase Global went public on Nasdaq via direct listing. Binance Plans to IPO in the...
Japan’s SBI to Merge Its Crypto Exchanges a Year After Rival Takeover
3.9.2021
SBI’s chief executive Yoshitaka Kitao. The Japanese financial giant SBI is set to merge its crypto exchanges, TaoTao and SBI VC Trade – a move that will create a new Asian heavyweight exchange that could challenge market leaders like bitFlyer.
SBI, traditionally, has focused on its banking...
Colombian Bank Begins Second Phase of its Crypto Pilot with Exchanges
2.9.2021
Source: A screenshot, Instagram/bancodebogota
Colombia’s oldest commercial bank, the Banco de Bogotá, has begun the next stage of a crypto pilot that will allow 5,000 of its customers to make and receive payments using tokens hosted on the platforms of two major crypto exchanges.
As reported,...
Digital Currency Firm FTX Acquires Crypto Derivatives Platform Ledgerx
1.9.2021
On Tuesday, West Realm Shire Services Inc., the parent company of the crypto exchange FTX, announced that the firm has acquired the Commodity Futures Trading Commission (CFTC) regulated digital currency futures and options exchange and clearinghouse Ledgerx. FTX Acquires Virtual Currency Futures...
Decentralized exchanges and aggregators drive DeFi growth
31.8.2021
In the DEX segment, aggregation services are likely to continue gaining a bigger piece of the pie at the expense of decentralized exchanges
30-somethings led crypto purchases at South Korean exchanges in 2021
30.8.2021
The increased trading volume comes following the country's Financial Services Commission requiring crypto trading platforms to register as digital asset service providers before Sept. 24
Binance Discontinues Support for Norwegian Krone Pairs, Payments and Language
28.8.2021
Cryptocurrency exchange Binance is discontinuing certain offerings in Norway. The news comes amid regulatory pressure around the world which the global trading platform is working to address. The company is also dropping Norwegian from its website’s language options. Crypto Exchange Binance...
Spanish Crypto Exchanges to Discover Their Fate by October
27.8.2021
The Spanish central bank will roll out its new registration process for crypto exchanges operating in the nation by October.
Exchanges have been in limbo since April this year, when parliament passed a new law aimed at tackling the spread of money laundering and terrorist financing. The law states...
Spain Prepares Registry for Cryptocurrency Exchanges and Custody Providers
26.8.2021
The authorities of Spain must prepare a registry of cryptocurrency exchanges and custody providers to comply with legal requirements to address transparency and terrorism financing issues. This registry is specified by the Prevention of Money Laundering and Financing of Terrorism Law, approved last...
Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset
26.8.2021
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international...
24 Crypto Exchanges to Close in South Korea – and 18 More Could Follow
26.8.2021
Only a third of South Korean crypto exchanges have met the “minimum requirements” to register with the financial regulator ahead of next month’s deadline – with 24 already all but confirming they will close. But political pressure is mounting on the regulator, with a growing group of MPs pushing...
Kraken Crypto Exchange Seeks EU License, Eyes Expansion in Europe
25.8.2021
U.S.-based cryptocurrency exchange Kraken is preparing to expand operations in the European market, according to the German press. The coin trading platform is in talks with regulators and plans to acquire a license in an EU member state, its founder Jesse Powell revealed. Kraken to Enter European...
Kyrgyzstan reportedly introduces regulations for crypto exchanges
25.8.2021
The new regulatory framework aims to bring the legal status to cryptocurrency exchanges in Kyrgyzstan
Powers On... Broker disintermediation and unregulated crypto exchanges cause major concerns
24.8.2021
As interest in and use of blockchain accelerates this year, so do regulators’ fears, making them pay more attention to crypto exchanges
South Korean Crypto Exchanges Plead for 6 Months of Regulatory Mercy
21.8.2021
Source: AdobeStock / Chee-Onn Leong
South Korean blockchain organizations have told regulators that it will be impossible for the nation’s crypto exchanges to meet a September 24 registration deadline and want six more months to prepare – although it looks like their pleas may have fallen on deaf...
Insurance on Crypto Exchanges Inches Up, KYC Still Weak - Report
20.8.2021
Cryptocurrency exchanges are showing an increase in their tendency to insure clients’ assets, both formally and in informal ways through insurance funds, a new report finds. On the other hand, know-your-customer (KYC) stringency is still weak on many exchanges, with around a third having poor...
Digital Yuan May Prompt CBDC-to-CBDC Exchanges, Hurt USD Status - Chainalysis
20.8.2021
As the Chinese government clamps down on decentralized cryptocurrencies and seeks to launch its own central bank digital currency (CBDC), the digital yuan, industry observers believe the move could pave the way for the launch of CBDC-to-CBDC exchanges. At the same time, the digital yuan and other...