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Bitstamp, Interactive Brokers Receive FCA Nod for UK Crypto Operations
14.6.2023
The UK's Financial Conduct Authority (FCA) has approved Bitstamp and Interactive Brokers' application to join the financial regulator's registry of crypto asset service providers.
The two entities mark the first businesses added to the UK cryptocurrency register in six months.
With up to...
Asset Freeze to Halt Binance US Operations, Exchange Says, Seeks Rejection of SEC Request
13.6.2023
Crypto exchange Binance US has urged a federal judge to reject a request by the U.S. securities regulator to freeze its assets. The company won’t be able to maintain the trading platform or pay employees and vendors, defense attorneys said in a court filing. ‘No Need for the Draconian Relief Sought...
Binance Faces Regulatory Hurdle in Nigeria: Ordered to Cease Operations
11.6.2023
Binance, the world's largest cryptocurrency exchange by trading volume, has been ordered to cease operations in Nigeria by the country's Securities and Exchange Commission (SEC).
In a recent statement, the regulator declared the operations of Binance "illegal" in the West African nation, stating...
Nigerian Regulator Labels Binance Affiliate’s Local Operations Illegal
11.6.2023
The Nigerian Securities and Exchange Commission has said crypto exchange Binance’s local affiliate “is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal.” The regulator has also said anyone who continues to deal with Binance...
Nigeria regulator halts Binance operations: Report
10.6.2023
According to Nigeria's securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal
Binance's Nigeria Unit Ordered to Halt 'Illegal' Operations by Securities Watchdog
10.6.2023
The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws
Biggest Bank in Australia to Limit Transfers to Crypto Exchanges
9.6.2023
Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit funds for cryptocurrency operations. Crypto Traders...
US Senator Cynthia Lummis Blasts SEC Actions Against Coinbase, Explains Crypto Industry Is Being Pushed Offshore
8.6.2023
Wyoming U.S. Senator Cynthia Lummis has heavily criticized the recent legal action of the Securities and Exchange Commission (SEC) against Coinbase, stating that it might push the cryptocurrency industry and its innovation offshore. Lummis also remarked that the SEC has failed to streamline a path...
SEC Crackdown Spurs Robinhood to Review Its Crypto Operations
7.6.2023
Popular brokerage firm Robinhood is reconsidering its cryptocurrency offerings after the Securities and Exchange Commission took action against two major digital asset trading platforms earlier this week.
During a meeting focused on digital assets, Dan Gallagher, Robinhood's legal chief and...
Openai Boss Sam Altman Claims He’s Not Involved in Worldcoin’s Day-to-Day Operations at All
6.6.2023
After Tools for Humanity, the team behind the biometric cryptocurrency project Worldcoin announced it had raised $115 million in a Series C led by Blockchain Capital, Sam Altman, co-founder and chief executive of the artificial intelligence (AI) firm Openai, clarified at an event held at Tel Aviv...
SEC sues Binance in US District Court for unregistered securities operations
5.6.2023
According to the regulator, Binance failed to register as a securities exchange and operated illegally in the United States
Latam Insights —Tether to Start Bitcoin Mining Operations in Uruguay; Lula Proposes Abandoning US Dollar
5.6.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Tether announces a sustainable Bitcoin mining project in Uruguay, Brazil’s President Lula proposes a shift away from the U.S. dollar, and Argentina...
Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan
2.6.2023
In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate Bank has been given a ten-day deadline to submit a plan outlining its self-liquidation procedure and the systematic cessation of operations. This order from the central bank comes in...
Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns
31.5.2023
In the wake of Binance’s departure from Canada, cryptocurrency exchange Bybit has announced its exit from the nation as well, citing “recent regulatory development” as the reason. Effective May 31, Bybit stated that it would cease accepting applications from Canadian residents....
Tether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay
30.5.2023
After announcing its plan to invest 15% of profits into bitcoin, the company Tether Limited has taken another step toward its crypto goals. Tether, the stablecoin issuer, has revealed its latest venture: “sustainable bitcoin mining operations in Uruguay.” Tether has partnered with...
Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’
26.5.2023
Digital Currency Group has revealed its decision to sunset its institutional trading platform, Tradeblock, on May 31, 2023. The company attributes the move to the “challenging regulatory environment” and the enduring effects of the “prolonged crypto winter,” signaling...
Crypto Exchange Hotbit Says ‘Deteriorating Conditions’ Forced It to Stop Operations
25.5.2023
China-headquartered cryptocurrency exchange, Hotbit, said on May 22 it had made the decision to halt “all cex operations.” The crypto exchange pointed to the “continuous outflows of funds from cex [centralized exchange] users” as one of the many factors that forced Hotbit...
Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America
23.5.2023
According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution,...
Malaysian Regulator Orders Crypto Exchange Huobi Global to Halt Operations in the Country
23.5.2023
The Malaysian securities regulator announced on May 22 that the crypto exchange Huobi Global Limited and its CEO Leon Li have been reprimanded for operating in the Asian country illegally. The regulator also revealed that the crypto exchange has been told to stop soliciting investments via emails...
Malaysia Regulator Orders Crypto Exchange Huobi Global Limited To Stop Operations
22.5.2023
Cryptocurrency exchange Huobi Global Limited has to stop operations in Malaysia after its regulator found it was operating without being registered.
The Securities Commission Malaysia on Monday said the exchange has to disable its website and mobile apps on platforms including the Apple Store...