Unbanked Crypto Trading Platform Forced to Shut Down Amidst Stringent U.S. Regulations
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 ...
Coinbase Welcomes Canadian Cryptocurrency Regulations, Integrates Local Payment Network
The exchange likes regulation "by engaging." Coinbase is integrating a local payment network into its platform Cryptocurrency exchange Coinbase said it likes cryptocurrency regulations in Canada. The exchange is currently in conflict with the SEC because the U ...
Tax Proposal Threatens US Bitcoin Miners as CEO Warns of Negative Consequences
Earlier this month, the administration of U.S. President Joe Biden proposed a 30% tax on miners' income. But according to Marathon Digital CEO Fred Thiel, such a tax would not work. According to Fred Thiel, introducing such draconian measures would simply force mining com ...
Ripple Considers Moving Business Outside US Amid Ongoing SEC Legal Battle
Ripple is currently evaluating its options for relocating its business outside the United States in response to the ongoing legal battle with the SEC, taking cues from Coinbase's recent actions. Ripple's international policy adviser, Susan Friedman, has expressed a favorable view of the European ...
Problems with regulation may lead American crypto firms to relocate outside US, says Raoul Pal
Raoul Pal, the former top executive at Goldman Sachs and current CEO of Real Vision, has predicted that American cryptocurrency companies may have to relocate their headquarters to other parts of the world due to regulatory issues. In an interview with the Rug Radio podcast, Pal drew parallels to ...