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US and UK Financial Regulators Discuss Effective Crypto Oversight
7.2.2024
The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets. US-UK Financial Regulatory Working Group Discusses Crypto Regulation...
South Korean Regulators Turn up Heat on ‘Gangnam Style’ PSY’s NFT Concert Ticket Sales
5.2.2024
The singer of “Gangnam Style,” PSY, could be set for an NFT clash with regulators in his native South Korea. Per Biz World, the singer’s entertainment agency P Nation launched an NFT-powered pre-sale project for PSY’s concert tour in 2023. No NFT Joy for ‘Gangnam Style’ PSY? In October 2022,...
Steve Christie’s Return to Binance Signals Strong Compliance Push
3.2.2024
Binance has rehired Steve Christie, its former Senior Vice President of Compliance, as the Deputy Chief Compliance Officer. In a recent announcement, the exchange said Christie’s primary responsibility will be to enhance Binance’s compliance framework by collaborating with regulators...
Thai Regulator Orders Zipmex to Suspend Digital Asset Trading and Brokerage Services
2.2.2024
Zipmex now has 15 days to correct its financial position and create a system to prevent the improper use of customer funds
Judge Orders Continued Freezing of Colorado Crypto Pastor’s Accounts After $3 Million Crypto Fraud Scheme
31.1.2024
A Colorado pastor and his wife accused of orchestrating a $3 million crypto fraud scheme have been barred from selling crypto in the state and will continue to have their accounts frozen by regulators, a judge presiding over the case ruled this week. Uncovering the $3 Million Crypto Fraud Just over...
BitPanda to Cease Operations in Netherlands Following New EU Regulations
30.1.2024
Dutch users of the crypto exchange Bitpanda will no longer be able to utilize the platform, a January 26 company email has revealed. Bitpanda’s “mission to cooperate and comply with the latest regulatory landscape” “Bitpanda is committed to its mission to cooperate and comply with the latest...
Floki and TokenFi Staking Halted Following Hong Kong Regulatory Concerns
30.1.2024
The Floki Inu cryptocurrency team has decided to halt its Floki and TokenFi staking programs in Hong Kong following a warning from the Securities and Futures Commission (SFC), which listed them as “suspicious investment products.” This response comes after the SFC warned users about...
Regulatory Clampdown — Alaska and Florida Order Binance US to Cease Operations
29.1.2024
A recent report indicates that regulatory authorities in Alaska and Florida have prohibited Binance US from operating within their jurisdictions. This development comes in the wake of Binance, along with its previous CEO Changpeng Zhao, reaching a plea agreement with the U.S. government. Alaska...
Binance.US Restricted in Florida and Alaska After Former CEO’s Guilty Plea
26.1.2024
Troubled cryptocurrency exchange Binance.US continues to face pressure from regulators in the United States after regulators in Florida and Alaska told the crypto exchange that it can no longer serve its residents. Florida and Alaska regulators have informed Binance.US that the cryptocurrency...
ARK CEO Cathie Wood Calls Bitcoin The “Biggest Of All Crypto Ideas”
24.1.2024
Cathie Wood – CEO of tech-focused investment manager ARK Invest – says her conviction in Bitcoin (BTC) remains unshaken despite the asset’s recent “sell the news” market wipeout. Bitcoin climbed for four months in a row after Bitcoin asset manager Grayscale bested crypto-skeptical federal...
South Korean Authorities Slammed for Taking Crypto Regulation ‘Baby Steps’
24.1.2024
South Korea’s financial regulators are taking “baby steps” while US counterparts forge ahead with rapid crypto regulation progress, a new report has claimed. Per the South Korean media outlet News Tomato, domestic financial authorities are yet to “properly organize” their crypto arms. The outlet...
Regulators’ crypto control sets Binance and SEC on opposite ends
23.1.2024
The Securities and Exchange Commission (SEC) stood by its decision to investigate specific cryptocurrency assets, while Binance, the world’s largest cryptocurrency exchange, petitioned a federal judge to dismiss the matter entirely. This might open the way for the SEC to mark its territory...
Blockchain Startup Figure Technologies Seeks US Regulatory Approval for Interest-Bearing Stablecoin
23.1.2024
Financial technology company Figure Technologies is seeking approval from US regulators to introduce an interest-bearing stablecoin. Founded by former SoFi Technologies CEO Mike Cagney, if successful, Figure will become the first company to offer a stablecoin regulated as a security within...
Abra to Open Withdrawals After Settling with Texas Regulators
23.1.2024
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US Senators Introduce Bill ‘to Combat Illicit Use of Crypto Assets’ Through Public-Private Partnership
20.1.2024
U.S. lawmakers have introduced a bill “to combat the illicit use of crypto assets.” The Preventing Illicit Finance Through Partnership Act “will allow federal regulators to work with the private sector to gain insight into the often-misunderstood world of crypto to weed out...
Canadian Regulator Proposes Rules for Crypto-Centric Public Investment Funds
19.1.2024
Source: Pixabay The Canadian Securities Administration (CSA), the country’s securities watchdog, has proposed new regulatory requirements for public investment funds that looks to invest in crypto assets. In a report released Thursday, the regulator announced certain rules that would restrict...
Crypto for Advisors: The Regulators are Here
18.1.2024
As the crypto industry matures, regulators have indicated they will continue to focus on crypto after the spot bitcoin ETF approvals
Nigerian Crypto Startup Reveals Closure of $2.3 Million Strategic Funding Round
17.1.2024
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve its goal of lowering...
Coinbase Faces a Crucial Week: Potential 30% Revenue Drop Looms – Here’s Why
16.1.2024
Crypto exchange Coinbase risks losing one-third of its total revenue due to ongoing legal pressure from federal regulators, according to several analysts familiar with the matter. In comments shared with Finance Feeds, Mizuho Securities analyst Dan Dolev explained that a poor court ruling shortly...
South Korea Seeks Regulation Against Crypto Mixers Citing Illegal Use Cases
15.1.2024
Source: AdobeStock South Korean regulators seek to introduce new laws that would sanction the use of cryptocurrency mixers in the country to curb the rate of illicit financial activities. According to local news outlets, the Financial Intelligence Unit is considering rolling out new regulations...