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Crypto Exchange Bybit Granted In-principle Approval to Operate in Kazakhstan
31.5.2023
Cryptocurrency exchange Bybit has received an in-principle approval to work in Kazakhstan, a jurisdiction increasingly seen by crypto companies as a gateway to the former-Soviet space. The trading platform wants to expand its presence in the region and other emerging markets. Bybit on Route...
Russia to Enact Laws to Regulate Crypto Exchange Action; Profiles Use of Cryptocurrency to Bypass Sanctions
30.5.2023
The government of Russia is preparing to regulate the establishment and action of crypto exchanges, abandoning its earlier proposal of the creation of a unique national platform. Anatoly Aksakov, head of the Russian State Duma Financial Markets Committee, stated that crypto exchanges could help...
Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening
30.5.2023
Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region
Russian Government Switching Gears — No Longer Plans To Create a National Crypto Exchange
30.5.2023
The Russian government is switching gears as it no longer plans to create a national cryptocurrency exchange, and instead will write rules for multiple crypto exchanges, according to a local news site.
Anatoly Aksakov, member of one of the chambers of the Russian parliament, spoke to news outlet...
Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways
29.5.2023
India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they'll survive the current bear market – here’s how
Japanese Gov’t Green-lights Travel Rule Adoption – Are Crypto Exchanges Struggling to Comply?
24.5.2023
The Japanese government has approved the adoption of the Travel Rule, with a new law set to come into force next month.
But domestic exchanges are experiencing difficulty with adoption, leading to crypto withdrawal difficulties.
Per Sankei News, the cabinet of ministers has signed off on...
8 ways crypto exchanges can help address liquidity concerns
23.5.2023
Crypto exchanges must take the initiative in addressing regulators’ and investors’ concerns about liquidity
Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1
23.5.2023
The Securities and Futures Commission's guidelines explicitly ban crypto gifts to incentivize retail investments, which likely includes airdrops
Hong Kong to open crypto exchange access for retail users, but there's a catch
23.5.2023
Hong Kong's securities watchdog announced new plans to allow retail investor access to virtual assets platform
Crypto Exchanges Experience $1.77B Bitcoin and Ethereum Outflow in 30 Days
22.5.2023
Throughout May, the crypto market has remained steady, with a valuation just above the $1 trillion mark. Over the past 30 days, both bitcoin and ethereum prices have remained relatively stable. However, recent data reveals a significant amount of bitcoin has been withdrawn from exchanges, with...
US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges Can Be Regulated – Here's the Latest
19.5.2023
Decentralized exchanges (DEXs) and other aspects of the decentralized finance (DeFi) world can be regulated in the US, even though it is “just code,” according to Commodity Futures Trading Commission (CFTC) chair Rostin Behnam....
Read More: US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges...
Texas Lawmakers Pass Proof-of-Reserves Cryptocurrency Bill
19.5.2023
The Texas legislature passed a bill this week requiring cryptocurrency exchanges to provide a “proof of reserves,” the latest move by the lone star state.
HB-1666, co-sponsored by state Republicans Rep. Giovanni Capriglione and Sen. Tan Parker, applies to digital asset service providers that...
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
17.5.2023
India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry
Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms
17.5.2023
According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto...
Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings
17.5.2023
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean...
South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal
15.5.2023
The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced
South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker's Transfers
15.5.2023
Lawmaker Kim Nam-kuk resigned from the opposition party after his crypto transfers incited controversy
U.S. DOJ's Crypto Enforcement Director Promises Crackdown on Illicit Behavior on Crypto Exchanges: FT
15.5.2023
Eun Young Choi said the DoJ is targeting crypto exchanges that allow "criminal actors to easily profit from their crimes and cash out,"
We Need Regulatory Clarity to Keep Crypto Exchanges Onshore and DeFi Permissionless
10.5.2023
The lack of clear crypto regulation risks sending companies overseas. Congress must bring regulatory clarity to crypto market structure, defining the bounds and appropriate legal treatment of crypto securities, commodities, and exchanges, say Jack Solowey and Jennifer J. Schulp
Wall Street Journal: U.S. Crypto Exchanges Have Listed Multiple SEC-Deemed Illegal Tokens
9.5.2023
Crypto exchanges based in the US may have listed multiple tokens deemed by the Securities and Exchange Commission (SEC) to be unregistered securities, according to a Wall Street Journal report.
The so-called unregistered securities are in reality digital tokens that the SEC does not consider to...