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Global Standard Setter Recommends More Investor Protection Following Turmoil Over the Past Year
23.5.2023
The International Organization of Securities Commissions called for more consistency and protection for retail investors following turmoil over the past year in its newly drafted cryptocurrency recommendations.
IOSCO, which has members that regulate more than 95 percent of the world’s securities...
Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
17.4.2023
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations...
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
13.2.2023
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following...
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product
20.1.2023
The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements...
Indian Government Launching Crypto Awareness Campaign
4.1.2023
The government of India is launching a crypto awareness campaign that will educate investors about the legality of cryptocurrencies in the country while highlighting the risks of investing in crypto assets. Indian Government’s Cryptocurrency Awareness Campaign The Indian government...
Thai SEC to tighten up rules for crypto, focus on investor protection
13.12.2022
Thailand's chief regulator highlights the importance of tighter control over the cryptocurrency-related advertisements
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity
3.12.2022
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are expected to provide “legal certainty...
Hong Kong working on investor protection regulations, says central bank exec
2.12.2022
Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion
Report: Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda
30.11.2022
According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda reportedly said the commission will only change its stance on cryptos when Nigerian regulators agree...
Aussie treasurer promises crypto regulation next year amid FTX debacle
17.11.2022
A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX's collapse
Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight
11.11.2022
The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing oversight of the expanding digital assets market....
Robinhood not giving up on crypto despite Q3 crypto revenue slashing 12%
3.11.2022
The Robinhood CEO also announced the brokerage firm’s plans to expand the Robinhood Wallet internationally in the months to come
US State Issues Order Freezing Crypto at Exchanges in Pig Butchering Scam Crackdown
1.10.2022
The Delaware Department of Justice’s Investor Protection Unit has issued a cease and desist order against 23 entities and individuals involved in a popular cryptocurrency scam known as “pig butchering.” The order also freezes the accounts allegedly holding cryptocurrencies...
Bittrex, Merkle Science, Bitgo Join Crypto Market Integrity Coalition
30.9.2022
Following the introduction of the Crypto Market Integrity Coalition (CMIC) with 17 member firms last February, the organization has added eight new members. New coalition recruits include Bittrex, Merkle Science, Crystal Blockchain and Bitgo. 8 Crypto Market Firms Join Crypto Market Integrity...
MEXC Activated the “Investor Protection Fund” in Response to the Dragoma (DMA) Incident and Launched the “Potion” Airdrop Compensation Benefits
12.8.2022
A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately suspended DMA/USDT trading on August 8th due to abnormal on-chain transactions. It is understood that although...
Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation
18.7.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect from the securities watchdog on crypto regulation. “We do have robust authorities from Congress also to use our exemptive authorities that we can tailor investor protection,”...
Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors
24.6.2022
Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive...
SEC Reportedly Looking into UST ‘Federal Violations’ of ‘Investor Protection Regulations’
10.6.2022
American regulators have waded into the aftermath of the terraUSD (UST) crash last month – and the coin's operators could face trouble at the hands of United States courts and the Securities and Exchange Commission (SEC)....
Read More: SEC Reportedly Looking into UST ‘Federal Violations’...
Japan Passes Landmark Stablecoin Bill For Investor Protection: Report
3.6.2022
Japan emerges as a precedent-setting nation by passing stablecoin regulation in the wake of the TerraUSD collapse
SEC Scrutinizing Crypto Exchange Binance US — Chair Gensler Stresses ‘Basic Investor Protection’
16.2.2022
The U.S. Securities and Exchange Commission (SEC) is reportedly scrutinizing the U.S. arm of cryptocurrency exchange Binance over trading firms with links to Binance CEO Changpeng Zhao. SEC Chairman Gary Gensler emphasizes the need for “basic investor protection” in the crypto space....