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CFTC Cracks Down on 3 Defi Platforms for Offering Illegal Derivatives
9.9.2023
The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of digital asset derivatives. U.S. Commodities...
France’s Data Watchdog Conducts Checks at Worldcoin Office in Paris
3.9.2023
The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the current chief executive of Chatgpt developer Openai....
Court Ruling in Favor of Grayscale Clears Path for Bitcoin Innovation in US: Vivek Ramaswamy
1.9.2023
Grayscale’s court win over the U.S. securities regulator will help keep crypto innovation in America, Republican presidential hopeful Vivek Ramaswamy is convinced. While praising the “strong decision,” Ramaswamy also commented that the case should have never reached the courts. Federal Courts...
Binance Finds Way to Serve Belgian Users After Cease Order
31.8.2023
Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the country. Binance Offers...
Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong
31.8.2023
Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step...
Crypto firm Helio Lending gets bond sentence over false license claims
18.8.2023
Melbourne-based crypto lender Helio Lending had previously pleaded guilty to falsely claiming it had an Australian credit license
Valkyrie Files for Ethereum ETF With US Securities Regulator
18.8.2023
U.S.-based asset manager Valkyrie is requesting regulatory approval from the U.S. Securities and Exchange Commission (SEC) for an ether futures exchange-traded fund (ETF). The move follows the acceptance by the SEC of Valkyrie’s application for a spot bitcoin ETF last month. Asset Manager...
Binance seeks protective order against SEC’s ‘fishing expedition’
15.8.2023
The exchange claims the SEC's deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance
Registration Statistics: British Regulator Approves Just 13% Of Crypto Firm Applications - What’s Going On?
14.8.2023
UK’s financial regulator says it has approved only 13% of the total applications by cryptocurrency companies for registration with the body.
The Financial Conduct Authority (FCA) has disclosed that from January 2020, only 38 applications have scaled through out of 291 since it started the...
French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
13.8.2023
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like...
UK Set To Expand Its National Crypto Crime Unit As Organized Blockchain Fraud Surges
7.8.2023
The United Kingdom’s National Crime Agency (NCA) is set to increase its cryptocurrency fraud investigation unit as part of wider plans to halt the increase in financial crimes.
The new move will see the agency hire four new senior investigators to join the financial crime unit to tackle all forms...
Australian financial regulator sues eToro over ‘volatile’ trading products
3.8.2023
The Australian Securities and Investments Commission alleged eToro users with no understanding of CFD product risks could still buy them on the platform
Binance Withdraws Its Crypto License Application in Germany
28.7.2023
The world’s largest exchange for digital assets, Binance, has withdrawn its application for a German crypto custody license. The trading platform made it clear it’s not giving up on plans to eventually obtain authorization from the Federal Republic but wants its submission to better reflect...
Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win
24.7.2023
Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain firm also plans an expansion in the U.K. and Europe...
Securities Commission Cancels FTX Australia’s License
21.7.2023
Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail customers. ASIC Revokes Financial Services License...
US Securities Regulator Accepts Valkyrie’s Spot Bitcoin ETF Application
19.7.2023
The U.S. Securities and Exchange Commission (SEC) has formally accepted the spot bitcoin ETF application filed by asset manager Valkyrie. The move, which opens the door to an official review process, follows last week’s acknowledgment of Blackrock’s bitcoin ETF application. U.S. SEC to Review...
SEC Accepts Blackrock’s Bitcoin ETF Application
17.7.2023
The U.S. Securities and Exchange Commission (SEC) has accepted the application for a bitcoin exchange-traded fund (ETF) filed by asset manager Blackrock. The move indicates the regulator is preparing to seriously consider a bitcoin ETF and could eventually set the stage for wider adoption of crypto...
UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites
11.7.2023
The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against operators of unregistered crypto teller machines....
Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator
6.7.2023
According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside...
Binance Reportedly Denied Crypto License in Germany
1.7.2023
Germany’s financial regulator has refused to grant Binance a crypto custody license, according to a media report. A rejection would prevent the exchange from advertising and growing in the major European market and deal another blow to its efforts to do regulated business on the Old Continent....