regulatory compliance

Taiwan has become a magnet for cryptocurrency platforms as 52 of them express their strong interest in entering this burgeoning market. This move coincides with the global wave of enthusiasm and investment in cryptocurrencies, and Taiwan is eager to seize the opportunities presented by the thriving ...

Linus Financial, a crypto services firm based in Nashville, has reached a settlement with the U.S. Securities and Exchange Commission (SEC) over allegations of failing to register its retail crypto lending product. The SEC revealed the settlement, which centered on Linus's crypto lending product ...

Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service Binance has cut ties with five sanctioned Russian banks that were listed on the exchange’s peer-to-peer service to let users transfer funds in rubles - the country’s native currency ...

Gamifying Trading: Robinhood Loses against Massachusetts Regulator Robinhood, the commission-free brokerage, has suffered a major defeat in its case against the Massachusetts Secretary of State, Bill Galvin. The Supreme ...

Cryptocurrency exchange Bitget has introduced forced first-level verification for users. The company announced this on its blog. Exchange officials say the measure is intended to "better protect the rights and interests of users, comply with regulatory requirements in the cryptocurrency sector an ...

The PNP ACG has issued a warning about the potential risks of the project. Police say P2E gaming poses even more dangers than direct investment in cryptocurrency. According to media reports, 40% of Axie Infinity players are Filipinos. Many of them lost all their s ...

They are demanding the company turn over a number of documents And plan to bring in third parties The OSC, Canada's chief watchdog, is investigating Binance. More precisely, they continued to do so despite the fact that the cryptocurrency exchange left the local ...

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 ...

Binance, the largest cryptocurrency exchange, announced that it will launch a new cryptocurrency trading platform in Japan this summer that will meet local regulatory requirements. Exchange executives explained that as part of Binance Japan's launch, the international platf ...

This is to meet regulatory requirements The user migration is expected to take place tentatively in August The global platform will be closed to local customers on November 30 The company expects to complete the "migration" by December 1 B ...

Circle announced that its Euro Coin Stablecoin (EUROC), pegged to the euro, is supported by the Avalanche ecosystem. This will allow any transactions with EUROC between the Avalanche and Etherium networks. EUROC Stablecoin appeared ...

Ether would then fall under the jurisdiction of both the SEC and the U.S. Commodity Futures Trading Commission (CFTC). There is currently no certainty about ETH. CFTC representatives have repeatedly referred to ether as a commodity and stated that it is their agency that should regulate this cryp ...

As reported by Reuters, the cryptocurrency exchange Binance in 2020 and 2021 did not keep separate records of corporate and customer balances in violation of U.S. financial rules. Reuters, citing unnamed sources close to the Binance exchange, reported that the cryptocurrenc ...

Chairman of the Commodity Futures Trading Commission (CFTC) told Bloomberg that for regulatory purposes. It does not matter whether decentralized exchanges (DEX) operate autonomously or with human participation. Rostin Behnam belie ...

Ledger Recovery introduces a new recovery feature that allows the developer company to transfer and store backups of the original phrases. Hardware cryptocurrency wallet maker Ledger notified users about the launch of a new service to restore access to Ledger Nano X devices ...

The U.S. Securities and Exchange Commission (SEC) has asked the court to reduce the fine for decentralized platform LBRY from $22 million to $111,614 because of LBRY's lack of funds. According to a document filed by the agency in the District Court of New Hampshire, the S ...

The head of the NCET, Eun-Yong Choi, said The department is interested in large platforms that violate AML and KYC rules The head of the US Justice Department's National Anti-Cryptocurrency Enforcement Team (NCET) Eun-Yong Choi declared "war" on CEX. She threa ...

Cryptocurrency platform Bakkt, owned by Intercontinental Exchange, announced the delisting of a large number of tokens and cryptocurrencies as part of its move away from retail customers. The list of tokens that will no longer be listed on the platform includes large and po ...

In a recent statement, Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), emphasized that cryptocurrencies should be classified as investment contracts and hence, platforms offering them must register accordingly. Gensler tweeted that any platform offering investment c ...

Kraken, the popular cryptocurrency exchange, has recently been granted a Virtual Asset Service Provider (VASP) license by the Central Bank of Ireland, the country's financial regulatory authority. According to the exchange's official blog, Kraken has registered its subsidiary, Payward Europe Solu ...

The Bittrex crypto exchange and its co-founder, William Shikhara, are facing legal action from the US Securities and Exchange Commission (SEC). The regulator has filed a lawsuit in the US District Court for the Western District of Washington, claiming that Bittrex allowed the trading of six crypt ...

The OKX cryptocurrency exchange's management has revealed plans to establish a new office in Australia, citing the country's strong potential for growth and development of the trading platform as a key factor. According to Haider Rafique, OKX's Chief Marketing Officer, Australia is poised for a n ...

The Northern District of Illinois has recently seen a lawsuit brought against Binance by the Commodity Futures Trading Commission, alleging a lack of registration and potential violations of US commodity market laws. The CFTC has specifically targeted Binance's CEO, Changpeng Zhao, as well as the ...

Binance's move to eliminate trading fees for bitcoin trading, along with the collapse of FTX exchange, has allowed the crypto giant to capture almost 100% of the market share. Binance has steadily increased its presence and trading volumes since 2018, with its market share at 45% at the start of 202 ...