Crypto Firms Seek Overseas Growth Amidst Rising Regulatory Pressure in the U.S.
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 ...
Bybit Announces Exit from Canadian Market Amidst New Crypto Regulations
Cryptocurrency exchange Bybit announced its departure from the Canadian market. The reason, as in the case of Binance, was the new regulations in the country. Already today, May 31 Bybit exchange will cease to register new users from Canada. Existing users will not be ...
OKX Plans to Establish Representative Office in France and Hire 100 Staff Members
They plan to open a representative office in the region And hire a staff of 100 people Krypto-exchange OKX has applied in France to become a digital asset service provider (DASP). The documents will be reviewed by the Autorité des Marchés Financiers and the Au ...
Singapore Central Bank Prepares Common Standards for Crypto Firms
According to insiders cited by Bloomberg, the Monetary Authority of Singapore has been collaborating with local banks and law enforcement to establish universal guidelines for opening cryptocurrency company accounts. This initiative has been in progress for half a year, and a comprehensive report ...
Hong Kong’s Crypto-Friendly Policies Attracting Cryptocurrency Firms
According to Christian Hui, the Minister of Financial Services in Hong Kong, the city's crypto-friendly policies are drawing the attention of numerous crypto companies, with over 80 expressing interest in establishing offices. This surge in interest is attributed to the official announcement of s ...