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UK's FCA Flagged Some Crypto Firms Seeking Regulatory Approval to Law Enforcement
27.1.2023
Some of those investigations into financial crime or "direct links to organized crime" are ongoing, an official at the Financial Conduct Authority said
UK's FCA hints at why its given only 15% of crypto firms the regulatory nod
27.1.2023
The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants
UK’s FCA Issues Advice for Crypto Firms After Only 41 of 300 Applicants Win Regulatory Approval
26.1.2023
The Financial Conduct Authority has faced criticism over its arduous registration regime, with some companies dropping out of the process altogether
FTX creditor list shows airlines, charities and tech firms caught in collapse
26.1.2023
The over 100-page long document lists every entity FTX owes money to, inclusive of Big Tech players to local businesses from its Bahamian headquarters
Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens
25.1.2023
Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and...
Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research
25.1.2023
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what...
MiCA at the Door: How European Crypto Firms Are Getting Ready for Sweeping Legislation
24.1.2023
Adapting how crypto exchanges operate under the new regulation won’t be easy, but it might make it easier for them to get bank accounts in Europe, says Anna Baydakova
NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency
23.1.2023
“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS
New York’s Chief Financial Regulator Mandates Firms to Separate Customers' Crypto Assets from Their Own
23.1.2023
New York’s chief financial regulator plans to release new guidance that will mandate companies to separate their own crypto assets from that of customers'.
The New York State Department of Financial Services (NYDFS) will also require state-regulated firms to disclose how they account for clients'...
In Wake of FTX, New York Reminds Crypto Firms to Segregate Customer Funds
23.1.2023
After crypto exchange FTX's bankruptcy proceedings revealed poor segregation of customer funds, the New York regulator is reminding service providers to keep clean records
Jim Cramer Thanks SEC Chairman for Standing up to ‘Crypto Bullies’ Seeking Spot Bitcoin ETF Approval
22.1.2023
The host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned about the SEC cracking down...
Former SEC Official’s Crypto Warning: Regulatory Onslaught Is Just Beginning
18.1.2023
The Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned the crypto industry that a “regulatory onslaught is just beginning.” His warning followed several recent enforcement actions the securities regulator took against major crypto firms....
Multiple South Korean Firms Reportedly ‘Preparing Security Token Offering Platforms’
17.1.2023
A number of South Korean firms are preparing to launch security token offering (STO)-related services this year. And they are hopeful that regulators will give them the green light to get started this month.
Busan Ilbo reported that a number of major domestic companies are now keenly awaiting...
DMCC Crypto Centre Surpasses 500 member companies in 2022
14.1.2023
The presence of over 500 blockchain and Web3 firms inside the Dubai Multi Commodities Centre (DMCC)’s Crypto Centre shows that demand for space is still very high, a statement has said. According to CEO at DMCC Ahmed Bin Sulayem, the “record-high” number of overall new company...
Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?
11.1.2023
New revelations indicate that there were some close links between Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, and some of his major backers.
According to a new report by the Financial Times, Bankman-Fried invested $20 million in a fund managed by crypto...
Galaxy Digital's Head of Research Sees More Venture Funding for Web3 Firms This Year
9.1.2023
The crypto-native financial-services firm found that crypto VC funding in 2022 reached its second highest year, with Web 3 and trading based platforms leading a majority of those efforts
French Financial Regulator Supports Faster Mandatory Licensing for Crypto Firms
9.1.2023
The Financial Markets Authority joins the country’s central bank and Senate in seeking to anticipate new EU laws
Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings
8.1.2023
Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District...
Bank of France Governor Calls for Mandatory Licensing for Crypto Companies
8.1.2023
France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year. Licensing Should Replace Registration...
Jim Cramer Expects SEC to ‘Do a Roundup’ of Uncompliant Crypto Firms — Urges Investors to Get Out of Crypto Now
8.1.2023
The host of Mad Money, Jim Cramer, says he expects the U.S. Securities and Exchange Commission (SEC) to do a roundup of crypto firms that are not compliant with regulation. Expecting the SEC “to sweep everything,” Cramer urges investors to “get out” of crypto now....