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Crypto firms in the United States are seeking overseas growth opportunities as they face increasing regulatory pressure from the U.S. Securities and Exchange Commission (SEC). Here are some key points about this development: Regulatory Pressure: Crypto firms have been f ...

Top derivatives trading platform Bitget Exchange has announced plans to enhance its Know-Your-Customer (KYC) policy with the core intention of providing more security for its users. Bitget is also undergoing this adjustment to comply with global cryptocurrency regulatory requirements and establis ...

Canaan has halved its hashrate. This follows the shutdown of the firm's centers in Kazakhstan. The counterparty is forced to do so due to regulatory restrictions. In July 2023, bitcoin miner Canaan cut its production capacity in Kazakhstan by 2 EH/s. ...

Cryptocurrency exchange Bybit said it is ready to open spot trading with the PayPal USD (PYUSD) stablecoin in the near future. According to the exchange's statement, users can already make deposits in PYUSD, and the issue of listing the steiblcoin is already being addressed. Deposits and withd ...

Co-founder of the cryptocurrency company Easy Crypto criticized major New Zealand banks for "intimidating customers" who make cryptotransactions. Janine Grainger announced that in the last week alone, three different banks refused Easy Crypto an account to launch the new ...

The platform introduces the so-called "travel rule." It comes after a million-dollar fine from the U.S. Japan's largest crypto exchange BitFlyer has introduced the so-called "travel rule.". It went into effect on May 30. This means users will not be able to se ...

Crypto trading platform Unbanked announced it is shutting down due to tough industry regulations in the U.S. In an official notice to customers, Unbanked said the decision to close the business was made after numerous but unsuccessful attempts to meet all the requirements ...

The platform will implement a program to block crypto-assets at the request of authorities Previously, 5 local crypto-exchanges introduced the mechanism South Korea is strengthening controls over digital assets The South Korean National Police Agency ...

The Bybit exchange received preliminary approval from regulators in Kazakhstan to register as a provider of cryptocurrency storage services for citizens of the country. On Monday, May 29, the Astana Financial Services Authority (AFSA) pre-approved the platform. Now cry ...

Huobi HK said on Twitter that the company filed an application with the Hong Kong Securities and Futures Commission (SFC) on May 29 for a regulated license to exchange crypto assets. Under current law, before cryptocurrency companies can provide regulated services to cust ...

The South African Financial Sector Supervisory Authority (FSCA) has introduced a new licensing regime that requires cryptocurrency companies to be licensed to operate in the country within six months, starting June 1. The agency said the requirement is intended not only to ...

Japan's parliament has decided to introduce stricter measures against money laundering through cryptocurrencies. The new AML procedures will go into effect as early as June 1. According to local publication Kyodo News, the new AML procedures will allow the Japanese legisl ...

The International Organization of Securities Commissions (IOSCO) put up for public discussion proposals for regulation of the markets of cryptocurrencies and digital assets. The IOSCO supervisory body submitted for discussion by the participants of the international associa ...

Cryptocurrency exchange OKX is looking at France as a regional hub in Europe and also plans to hire about 100 people over the next three years, spokesman Tim Byun said. "We intend to hire 100 full-time employees over the next three years.. I think we'll hi ...

The exchange has been ordered to wind down operations and block residents' access to its official website and app The company is accused of violating the Capital Markets Act Allegedly Huobi was operating in the local market without a proper license Th ...

The Securities Commission of Malaysia (SC) accused cryptocurrency exchange Huobi Global and its CEO Leon Lee of lack of registration. SC demanded that Huobi shut down its services for local users. The regulator issued a warning that Huobi Global and its CEO Leon Li are op ...

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that rules for token issuers and cryptocurrency exchanges already exist, but they are fundamentally unwilling to comply. While speaking at a Federal Reserve Bank of Atlanta conference, Gary Gensler was ...

It's the U.S. Federal Reserve's first blockchain partner It lets you convert dollars into Stablecoins But the network will get some limitations The Metal Blockchain team announced a partnership with FedNow, the Fed's instant payment service. This i ...

According to analytics site Mevwatch.info, the percentage of Etherium blocks whose transactions comply with the Office of Foreign Assets Control (OFAC) has dropped to 27%. Transaction compliance is ensured by an open-source software module called MEV Boost. The module ...

The management of the cryptocurrency exchange Binance commented on a recent article by Reuters news agency about the Israeli authorities blocking 190 accounts of the exchange with ties to terrorists. Reuters recently published an article citing a document by Israel's Nation ...

This is the decision issued by U.S. regulator NYDFS The reason is a violation of cybersecurity rules Cryptocurrency exchange has promised to "work on the errors" Cryptocurrency exchange BitFlyer USA received a fine from the New York Department of Fina ...

The New York State Department of Financial Services (NYDFS) fined cryptocurrency exchange BitFlyer $1.2 million for violating cybersecurity regulations. In 2017, BitFlyer USA, a subsidiary of BitFlyer Holdings, received a license from the New York regulator allowing the e ...

Bank has until May 7 to submit a "work on mistakes" report This is the largest counterparty in the U.S. financial field that has willingly partnered with fintech firms The Federal Deposit Insurance Corporation (FDIC) issued a "consent order" last week. It said Cr ...

Binance, the largest cryptocurrency exchange in the world, is all set to commence operations in Japan under the name Binance Japan from June 2023. This development comes after Binance acquired Sakura Exchange BitCoin (SEBC) in November of last year. At present, SEBC of ...

This is their third attempt to get regulatory approval Companies want to take advantage of market growth Investment firms 21Shares and Ark Investment have filed their third bid to launch a bitcoin spot exchange-traded fund (ETF). Co-founder and head of 21Shares R ...

Bitget, one of the largest cryptocurrency derivatives exchanges, has successfully completed its registration process in Lithuania. This achievement enables Bitget to offer its range of cryptocurrency services in compliance with local regulations and laws. This new development is expected to ex ...

U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has voiced his concerns over the promotion of cryptocurrencies, indicating that Ethereum may be subjected to enhanced regulatory oversight. In a recent interview with TheBlock, Gensler emphasized that the primary objective of t ...

Ray Youssef, the co-founder of the now-defunct P2P marketplace Paxful, has revealed that 88% of previously frozen accounts have been unlocked and that users can now withdraw their funds from the platform. Youssef made the announcement via Twitter, stating that this feat was accomplished in just 1 ...

According to recent reports, Paxos has had its national banking license application terminated by the US Comptroller's Office. Paxos, which issues the Pax Dollar (USDP) stablecoin, had delayed compliance with the regulator's requirements for an earlier application for a banking license and approv ...

Jeremy Hogan, a partner at the law firm Hogan & Hogan, has accused US regulators of intentionally impeding the registration of cryptocurrency companies in the United States. The lawyer, who represents XRP holders, took to Twitter to express his frustration with the lack of clear regulations f ...

The Australian Securities and Investments Commission (ASIC) has taken action against Oztures Trading, a provider of cryptocurrency derivatives under the Binance Australia Derivatives brand, by revoking its financial services license. Following an audit by ASIC experts to ensure compliance with lo ...

On March 27, the Commodity Futures Trading Commission (CFTC) made allegations against Binance, a popular cryptocurrency exchange, for not being registered in the United States and for violating federal laws that regulate commodity markets. Binance CEO, Changpeng Zhao, has swiftly responded to the ...

SEC Chairman Gary Gensler recently emphasized the need for regulation of cryptocurrencies utilizing the Proof-of-Stake (PoS) consensus method, arguing that they should be treated as securities. During a public SEC meeting, Gensler pointed out that PoS-based crypto assets are often promoted on soc ...

A group of Japanese bankers from Tokyo's Kiraboshi Financial Group, Minna Bank, and Shikoku Bank will be participating in the testing of stablecoins on the Japan Open Chain blockchain. The blockchain developer, G.U. Technologies, released this information. From May 6, Japan will lift the ban on t ...

CoinEx, a cryptocurrency trading platform, has notified its users that it will no longer be able to offer its services to individuals who are either citizens or residents of the United States, as the new regulations put forth by local regulatory bodies make it impossible to continue. Users based ...