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Binance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security
3.8.2022
Binance’s U.S. platform is delisting crypto token amp after the Securities and Exchange Commission (SEC) declared it a security. Another crypto exchange, Coinbase, disagreed with the regulator, arguing that the token is not a security. Binance Delists AMP ‘out of an Abundance...
Robinhood Fined Again, ZB Suspends Withdrawals, Resetting Vires.Finance, ApeCoin Enters Gucci + More News
2.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Robinhood Fined Again, ZB Suspends Withdrawals, Resetting Vires.Finance, ApeCoin Enters Gucci + More News
New York financial regulator fines Robinhood's crypto division $30M
2.8.2022
“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance,” said superintendent Adrienne Harris
Rock on, Gibraltar: Pro-crypto regulation pulls Binance and big players
2.8.2022
Crypto experts on The Rock of Gibraltar shed light on the crypto-friendly jurisdiction; it could explain why Binance is now recruiting on the British Overseas Territory
AMP Dives as Binance.US Unveils Its Delisting Following the SEC Claim that It is a Security
2.8.2022
AMP, the native token of the Amp blockchain, has extended losses following news that Binance.US, the US arm of major crypto exchange Binance, would delist the coin due to the Securities and Exchange Commission (SEC)'s claim that it is a security.
At 13:02 UTC, AMP is trading at USD 0.00812, down...
NY Attorney General’s Office Asks Crypto Whistleblowers to Provide It with Tip-offs
2.8.2022
In the US, New York’s Attorney General says she wants Big Apple-based crypto industry workers and investors to come forward with complaints about unscrupulous crypto firms....
Read More: NY Attorney General’s Office Asks Crypto Whistleblowers to Provide It with Tip-offs
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme
2.8.2022
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including...
Binance US will delist AMP following SEC claim token is a security
1.8.2022
The exchange said all AMP trading will be halted on Aug. 15, adding that it “may resume at some point in the future."
New York AG calls for whistleblowers 'deceived or affected' by the crypto market crash
1.8.2022
“I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint,” said New York Attorney General Letitia James
Central Bank of Honduras Warns About the Dangers of Using Cryptocurrency
1.8.2022
The Central Bank of Honduras has published a release that seeks to clarify the stance the institution takes about the use of cryptocurrencies in the country. The organization states that even with the popularity such instruments have attained in other countries, cryptocurrencies have no backing...
Kenya Central Bank Orders Financial Institutions to Stop Dealing With Two Nigerian Fintechs
1.8.2022
In a letter addressed to the CEOs of financial institutions, the Central Bank of Kenya (CBK) has said financial institutions operating in the country must cease and desist from dealing with two Nigerian fintechs, Flutterwave and Chipper Cash. The letter reiterates the CBK governor Patrick Njoroge...
Central Bank of Uruguay Summons to Binance Due to Its Savings Focused Cryptocurrency Products
1.8.2022
The Central Bank of Uruguay has issued a summon to Binance, one of the biggest exchanges in the world, due to the series of crypto-based savings products they are offering in the country. These savings products, according to the bank, can only be made through verified banking institutions or...
US, UK Regulators Partner on Broader Crypto Regulation
1.8.2022
Regulators in the U.S. and U.K. have met to discuss broader crypto regulatory initiatives. They reaffirmed their commitment to “continued cooperation to support safe financial innovation, as well as to strengthen regulatory outcomes for stablecoins across jurisdictions.” US and...
Report: The Central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations
31.7.2022
A new report has claimed the Central African Republic, which became the first country in Africa to make bitcoin legal tender, recently requested the regional central bank’s assistance in developing a cryptocurrency regulatory framework. The report also said the CAR had expressed...
The Right Side of Crypto Regulation: Institutions Need to Avoid Thucydides’ Trap
31.7.2022
Anton Chashchin is a Managing Partner at the digital assets platform Bitfrost.io. __________
The days when cryptocurrencies were reserved for the underground are fast becoming history. But the power dynamics in finance are all too familiar....
Read More: The Right Side of Crypto Regulation:...
China Bank Account Freeze Controversy: Authorities Reveal Latest Reimbursement Plan, Three Officials Now Under Investigation
31.7.2022
In a move seen as an attempt to pacify protesting bank clients, Chinese authorities in Henan province announced their latest repayment plan which sees customers with deposits ranging between $14,827 and $22,240 qualify for reimbursement. In addition, authorities said two unnamed officials from...
Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say
30.7.2022
Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into...
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid SEC Lawsuit Over XRP
30.7.2022
Ripple’s general counsel has urged U.S. lawmakers to pass “sensible crypto legislation” amid a Securities and Exchange Commission (SEC) lawsuit over the sale of xrp. “Rather than providing regulatory clarity through rulemaking, the SEC is bullying crypto markets...
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms
30.7.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has published a video explaining how the agency plans to regulate crypto exchanges. “I’ve asked our staff to work directly with the platforms to get them registered and regulated,” the SEC chief...
US Lawmaker Demands Answers From Apple and Google on Measures Against Fake Crypto Apps
30.7.2022
A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,”...