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US Congressman Wants Consumer-Protection Answers From Agencies, Crypto Firms
30.8.2022
FTX, Binance.US, Coinbase and others are on the hot seat to answer consumer-protection questions from House subcommittee chair Rep. Raja Krishnamoorthi (D-Ill.)
Indian Authorities Search Crypto Exchange Coinswitch Kuber — CEO Says It’s Not Related to Money Laundering
27.8.2022
India’s Enforcement Directorate (ED) has conducted searches at five premises linked to popular cryptocurrency trading platform Coinswitch Kuber. The company says its engagement with the ED was not related to any money laundering inquiry. The federal agency recently froze the assets of...
Singapore Seeks Detailed Information From Crypto Firms Ahead of New Regulations, Report Unveils
27.8.2022
Financial authorities in Singapore are taking steps toward increased oversight in the crypto space with the city-state’s central bank reportedly asking companies to provide additional information about their activities and assets. Ahead of a possible broadening of the applicable rules,...
Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires to Crypto Firms + More News
26.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires...
Singapore MAS examines crypto firms ahead of new regulations: Report
26.8.2022
The MAS reportedly asked crypto firms about their owned tokens, top lending and borrowing counterparties, loans and top tokens staked via DeFi
Singapore's Central Bank Asks Crypto Firms to Submit Business Data: Report
26.8.2022
The move comes as the central bank is looking to bring in more safeguards for retail customers and a stablecoin regulation
FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange
21.8.2022
The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US. CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, stating: “We never meant otherwise, and apologize if anyone misinterpreted...
South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
19.8.2022
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service...
South Korea's Money Laundering Watchdog Flags 16 Crypto Firms for Operating Without Registration
18.8.2022
Crypto exchanges KuCoin and Poloniex are among the foreign firms accused of conducting "illegal business activities."
Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto Rally
8.8.2022
On August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits. Hodlnaut joins a slew of crypto firms that have frozen withdrawals during the last three months, leaving customers little hope that they will see their funds...
US lawmakers request crypto firms provide info on diversity and inclusion
5.8.2022
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies," said the letter
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals
5.8.2022
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts....
Thai SEC approves four crypto firms despite Zipmex woes
5.8.2022
Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals
Crypto firms failed to deliver 'promised benefits' from lawmaker-backed incentives, says nonprofit
4.8.2022
“At a minimum, the public should have a say in these crypto handouts," said the Tech Transparency Project
Football Heavyweight Inter Sweating Over Crypto Firm’s ‘Non-Payment’ of Sponsorship Deal
1.8.2022
The Milan-based Italian footballing giant Internazionale is facing a rocky start to its relationship with crypto – amid reports that DigitalBits, a company that agreed to a USD 87m sponsorship deal with Inter this year – has defaulted on a sponsorship payment....
Read More: Football Heavyweight...
Deposits at non-bank entities, including crypto firms, are not insured — FDIC
29.7.2022
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies
Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital
22.7.2022
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific...
Crypto firms facing insolvency 'forgot the basics of risk management' — Coinbase
20.7.2022
“The issues here were foreseeable and actually credit specific, not crypto specific in nature,” said three department heads at Coinbase
'Singapore-based' Crypto Firms Leading Market Meltdown Were Not Regulated, Central Bank Chief Says
19.7.2022
Troubled "Singapore-based" crypto firms like Three Arrows Capital have little to do with local crypto regulations, said Ravi Menon, managing director of the Monetary Authority of Singapore
US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate
19.7.2022
U.S. Senator Elizabeth Warren says that “too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money.” She stressed the need for stronger rules, urging the Securities and Exchange Commission (SEC)...