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Hong Kong Regulator Warns About Unregulated Cryptocurrency Trading Platforms and Binance
18.7.2021
Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about unregulated cryptocurrency trading platforms, particularly Binance. The regulator said that the crypto exchange is offering the trading of “stock tokens.” The SFC issued a statement Friday warning...
Visa and 50 Crypto Platforms to Enable Cryptocurrency Payments at 70 Million Merchants
9.7.2021
Visa Inc. announced Wednesday that the transactions via crypto-linked Visa cards exceeded $1 billion in the first quarter. The company further said that it is partnering with 50 major cryptocurrency platforms “to launch card programs that make it easy to convert and spend digital currency...
South African Tax Collector Targeting Crypto Investors in Its Bid to Raise Extra Revenues
10.5.2021
Latest reports from South Africa suggest that the country’s tax agency will now be targeting cryptocurrency investors as it attempts to increase the total value of revenues collected. Alongside high net worth individuals and offshore investors, digital currency holders now constitute an area...
FATF Makes Small Crypto Platforms Easy Prey For Big Players
2.5.2021
As the cryptoasset industry grows, it’s only inevitable that it attracts more regulatory attention. The truth of this assumption was highlighted in March, when the Financial Action Task Force (FATF) published an update for its guidance relating to the money laundering risks posed...
Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms
18.3.2021
The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.” The regulator has found that all three platforms are fraudulent....
Colombia’s Financial Superintendent Approves Nine Crypto Platforms to Work With National Banks
13.2.2021
In Colombia, the entity managed by the Ministry of Finance and Public Credit, the Financial Superintendence of Colombia (Superfinanciera) has revealed the authorization of alliances between Colombian banks and digital currency exchanges. So far, Colombia’s financial department has approved...
New Kenyan Digital Tax to Affect Crypto Platforms
8.8.2020
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track...
Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
29.1.2020
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators...
Can Crypto Platforms Help Loyalty Schemes in Shops Make a Comeback?
26.11.2019
Would you want to receive loyalty rewards from retailers in crypto? New platforms are beginning to make this a reality #Sponsored
Synthetix Platform Loses 37 Million Of Synthetic Ether In Oracle Attack
25.6.2019
Ethereum based issuer of synthetic assets, Synthetix suffered a huge Oracle attack, which leads to a loss of over 37 million synthetic Ethereum (sETH). The actual loss in traditional terms hasn’t been updated yet, as the token has poor liquidity in the market. The news of the attack was given...
HAYVN Got The In-Principle Approval (IPA) From FSRA
19.6.2019
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi has given the In-Principle Approval (IPA) to HAYVN. With this IPA, the Over the Counter (OTC) and custody platform-HAYVN can now carry out a digital currency platform in Abu Dhabi Global Market London, Abu Dhabi. The platform announced...
Finally, A Platform That Will Help Solve Crypto’s Trust Issues
19.6.2019
Since Bitcoin burst onto the scene in 2009, the cryptocurrency boom has made millionaires and devastated bank accounts. Investors have had their wallets stolen and entire fortunes have been lost. A decade later, a new trading platform is emerging as a way for consumers who are interested in trading...
Craig Wright Continues to Chase His Critics as Major Crypto Platforms Boycott His Cryptocurrency, BSV
20.4.2019
BSV has taken a massive slap from major market participants, but its founder, Craig Wright, continues his war against online critics, serving them with 100,000-British pound claims for defamation
Report: Over 40 Bugs in Blockchain and Crypto Platforms Detected Over Past 30 Days
14.3.2019
Researchers have reportedly detected over 40 bugs in major blockchain and cryptocurrency platforms over the past month