Hong Kong Yet to Regulate Stablecoins, Retail Trading Remains Restricted
Hong Kong has not yet adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), according to the Secretary for Financial Services and the Treasury, Christian Hui. Retail investors in Hong Kong are currently not allowed to trade these assets due to the absence of specific regulations ...
Hong Kong Regulators Enhance Cryptocurrency Industry Oversight Post-JPEX Scandal
The JPEX cryptocurrency exchange scandal in Hong Kong has prompted regulatory authorities to take action to enhance transparency and oversight in the cryptocurrency industry. The Securities and Futures Commission (SFC) has announced plans to publicly disclose various lists related to virtual asset t ...
CFTC Commissioner Calls for Comprehensive Regulation of Cryptocurrency Clearing Organizations
This idea was expressed by Commissioner Christine Johnson She believes all clearing organizations should be subject to the same rules The CFTC's Division of Clearing and Risk (DCR) has issued a formal warning to DCOs regarding the risks of cryptocurrency. More ...
Multichain Protocol Faces Disruptions, Funds Blocked, and Management Uncertainty
Part of the Multichain protocol interconnection routes suddenly stopped working. Users of the interconnecting protocol have had their funds blocked by roughly $1.5 billion. The Multichain team was originally thought to be working on a protocol update, but on Thursday, May ...
Swaprum DEX Withdraws Liquidity and Disappears: Security Breach Revealed
PeckShield Network Observer reports that decentralized exchange Swaprum DEX has zeroed out liquidity pools and removed social media accounts. According to Arbitrum network analysis, the Swaprum Decentralized Exchange team has withdrawn all customer deposits totaling 1,628 ...
CFTC Chairman Stresses Regulatory Focus on Decentralized Exchanges (DEX)
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 ...
Coin Cafe Faces $4.3 Million Compensation Demand for Alleged Hidden Fees
The New York Attorney General's Office is demanding that cryptocurrency platform Coin Cafe pay users $4.3 million in compensation for hidden fees that were charged for bitcoin storage. The New York attorney general's office alleges that Coin Cafe charged users exorbitant ...
Circle Urges US Congress to Develop Stablecoin Regulations
Circle, the company behind the popular USDC stablecoin, is urging the US Congress to take swift action in creating regulatory guidelines for stablecoins. Dante Disparte, the director of strategic development at Circle, emphasized that despite constant discussion about the risks associated with st ...