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Digital Asset Exchange Platform Granted ‘Crypto Financial Services Provider License’ by Israeli Regulator
24.9.2022
An Israeli capital markets regulator, the Insurance and Savings Capital Market Authority, recently granted a “crypto financial services provider license” to Bits of Gold, the first such license for an active company in the country. This license allows Bits of Gold to offer crypto...
Israeli crypto exchange receives capital markets license in country first
23.9.2022
Earlier this week, the Israeli crypto exchange became the first crypto firm in the country to receive a license enabling it to work with local banks
‘Investors Are Running out of Havens’ — Erratic Behavior in US Bond Markets Points to Deep Recession, Elevated Sovereign Risk
22.9.2022
Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fed’s 75bps (basis points) rate hike, 10-year notes reached 3.642% and two-year Treasury notes jumped to a 15-year high...
Israeli Exchange Bits of Gold Becomes First Crypto Firm to Receive Capital Markets License
22.9.2022
The country's capital markets authority recently granted Israel's first crypto license to a private company that is not currently offering digital asset services, making Bits of Gold the first industry player to receive regulatory approval
Crypto Unit of Japan's SBI Wins Capital Markets License in Singapore
15.9.2022
SBI Digital Markets, a subsidiary of the digital asset arm of SBI Holdings, can now offer crypto securities and derivatives trading services to Singapore customers
Report: South Korean Prosecutors Issue Arrest Warrant for Terraform Labs CEO Do Kwon
14.9.2022
A warrant for the arrest of Do Kwon and five others has reportedly been issued by prosecutors in South Korea. The prosecutors allege that Kwon and his co-accused violated the country’s capital markets law. In addition to the arrest warrant, prosecutors will reportedly request an Interpol...
SEC Chairman Says Crypto Should Be Treated Same as Other Capital Markets
24.8.2022
SEC Chairman Gary Gensler says that there is no need to treat the crypto market differently from other capital markets. Noting that “the SEC will serve as the cop on the beat,” Gensler encouraged crypto trading and lending platforms “to come in and talk to SEC staff.”...
Moroccan Capital Markets Regulator Launches Fintech Portal
11.8.2022
The Moroccan Capital Market Authority (AMMC), the capital markets regulatory body in Morocco, announced recently that it has launched a fintech portal on its website. The new portal has been created in order to facilitate exchanges between the regulator and “companies involved in...
IMF Warns of Further Crypto Selloffs and More Coins Failing
29.7.2022
A director with the International Monetary Fund (IMF) has warned of further selloffs in both crypto assets and equities. He further warned that more crypto tokens could fail. IMF Foresees More Crypto Selling Pressure Tobias Adrian, director of Monetary and Capital Markets for the International...
Canadian Regulator OSC Takes Action Against Crypto Trading Platforms Kucoin and Bybit
24.6.2022
The Ontario Securities Commission (OSC) has taken action against two cryptocurrency trading platforms. Kucoin is permanently banned from participating in Ontario’s capital markets. Bybit has promised to take steps to comply with regulations and register with the OSC. OSC Sanctions 2 Crypto...
Decentralization 'absolutely essential' in building crypto capital markets
25.4.2022
Sang Lee believes blockchain technology developments have already left traditional banks in the dust, but adoption remains relatively low due to several factors
Upbit owner Dunamu could see 'monopoly' curbed after investment controversy
22.4.2022
The Upbit operator is under heavy scrutiny from local regulators as its total assets balloon and a subsidiary issued controversial investment advice
Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms
19.4.2022
Australia is set to get its first bitcoin exchange-traded fund (ETF) after a report suggested the country’s clearinghouse, ASX Clear, confirmed that four market participants agreed to meet its stringent margin requirements. ASX Clear’s Margin Requirements An Australian clearinghouse...
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
17.4.2022
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)’s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real Estate...
Fireblocks and Fintech Major FIS Bring DeFi to Capital Markets
13.4.2022
FIS’s client list of 6,400 asset managers, banks and brokers will have access to platforms like Aave Arc with more institution-friendly DeFi pathways to come
Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge
16.2.2022
United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on...
Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets
25.1.2022
Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested companies need to submit their proposals no later than March 23, 2022. Process Divided Into...
Kenyans Cautioned Against Investing in BTC Company Promising Returns of 400% in Six Hours
18.8.2021
A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest’s use of exaggerated return-on-investment promises to lure...
Coinbase’s capital markets head reportedly leaves company
9.8.2021
People familiar with the matter claimed Brett Redfearn's departure was due to Coinbase shifting its priorities away from digital asset securities
Citigroup Launches Digital Assets Group to Provide Clients Access to Cryptocurrencies
25.6.2021
Citigroup has reportedly set up a “digital assets group” to offer clients access to cryptocurrencies, which will operate within the bank’s wealth management division. Citigroup has established a “digital assets group” within its wealth management unit, according to...