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Interactive Brokers to Pay $38M in Settlement Over AML Lapses
10.8.2020
Publicly traded brokerage firm Interactive Brokers has agreed to pay multi-million dollar penalties to the SEC, FINRA and CFTC for failure to flag suspicious transactions and lapses in AML compliance
Thailand Has Now Licensed 13 Cryptocurrency Service Providers
28.7.2020
Thailand has been growing the number of licensed cryptocurrency service providers. The Thai regulators have now approved 13 crypto businesses to legally operate in the country, including cryptocurrency exchanges, brokers, and dealers. The Royal Decree on the Digital Asset Businesses B.E. 2561...
Bitcoin Brokers In 'Very Important' Race For Big Investors - BitGo Prime CEO
25.7.2020
As prime brokerage has become an integral part of traditional financial markets, crypto industry players are racing to bring these services into this nascent market too. This would increase efficiency and encourage more institutional investors to allocate more of their funds to cryptoassets...
Crypto Trading Firm B2C2 Eyes Prime Brokerage Space With $30M Stake Sale to SBI
1.7.2020
B2C2 is eyeing its new partnership with SBI Holdings as a route to becoming a crypto prime broker
Polychain Capital, Square Crypto’s Steve Lee Invest in Bitcoin Broker’s $5.7M Seed Round
17.6.2020
Bitcoin broker River Financial has closed a $5.7 million seed round to secure additional U.S. money transmitter licenses
Crypto Long & Short: The Emergence of Prime Brokers Adds Resilience but Also Risk
1.6.2020
Coinbase, BitGo and Genesis all have strong growth trajectories and balance sheets. But with that stability comes a certain degree of centralization
Behind ‘Prime Broker’ Buzzword Lies a Complex Strategy Game for Crypto Firms
29.5.2020
Coinbase, BitGo and Genesis all announced plans to become prime brokers this month. Here's what the trend reveals about the state of the industry
Brazil to Rule on Probe Into Banks’ Rejection of Crypto Firms
20.5.2020
Brazil’s national competition regulator is about to decide the fate of its investigation of whether some of the largest banks in the country illegally refused to bank local crypto brokers
Some Bitcoin OTC Brokers Left Clients On Their Own Amid Turbulence
8.4.2020
Trading in the over-the-counter (OTC) market for cryptoassets may not be as easy as it seems these days, a new report suggests, claiming that some market makers simply left traders to themselves when they were needed the most.
According to the report, published by London-based cryptoasset liquidity...
Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
15.2.2020
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due...
Corrupt OTC Brokers Sent Dirty USD 1.5bn in Bitcoin to Binance and Huobi - Report
16.1.2020
Criminals made some USD 2.8 billion worth of illegal transactions using bitcoin (BTC) on cryptocurrency exchanges last year, alleges a new report – with Binance and Huobi overwhelmingly their platforms of choice thanks to corrupt OTC brokers.
The report was compiled by blockchain analytics provider...
Voyager to Offer Interest on Three Newly Listed Stablecoins
15.1.2020
Voyager Digital will allow customers to earn interest on tether, USD coin and true USD
Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly
15.1.2020
On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now...
Coinbase Acquires Prime Broker Tagomi for $150M: Source
29.11.2019
San Francisco-based cryptocurrency exchange Coinbase has acquired prime broker Tagomi for $150 million, a source told CoinDesk
Correction: Coinbase and Tagomi Deny Acquisition
29.11.2019
A prior report that Tagomi had been acquired by Coinbase was incorrect, according to spokespeople at both companies
Hong Kong Regulator to Treat Crypto Traders Like Brokers Under New Rules
6.11.2019
Hong Kong's Securities and Futures Commission issued new regulatory rules for crypto exchange licensing on Wednesday
FATF to Include Crypto Brokers in Japan Audit + 8 More Crypto News
28.10.2019
Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world.
Regulation news
Sankei Biz reports that the G7’s Financial Action Task Force (FATF) will audit the Japanese financial sector...
Forex Broker FXCM Launches Basket of 5 Cryptos for Retail Investors
14.10.2019
Foreign exchange trading platform FXCM Group has launched a basket of five cryptocurrencies aimed at retail investors
Arab Bank’s Swiss Arm is Launching Cryptocurrency Services
19.9.2019
The Swiss branch of one of the top financial institutions in the Middle East is launching a suite of cryptocurrency-based services
SEC & FINRA Announce New Rules for Crypto Brokers
9.7.2019
Two of America’s top financial regulators, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have announced that brokers looking to offer cryptocurrency securities will have to comply with existing securities laws, including customer protection...