Regulation News
Top Articles from Prashant

Coingape providing the breaking Regulation News, covers all the updates in Business Regulation. Financal Regulation are imposed by Government in order to manage a national financial System. Check here all the Financial Regulation News covered by Coingape

News
News

11 Mid-Size South Korean Crypto Exchanges Face Closure Amid Fear of Legal Action

Prashant Jha 18 hours ago

The implementation of new regulatory policies for crypto exchanges in South Korea continues to haunt small and medium-sized crypto exchanges. As per a recent report from Korea Herald, a total of eleven mid-sized crypto exchanges may shut their operations amid growing regulatory scrutiny. The local report indicated that the country’s top regulatory watchdog Financial Services

The implementation of new regulatory policies for crypto exchanges in South Korea continues to haunt small and medium-sized crypto exchanges. As per a recent report from Korea Herald, a total of eleven mid-sized crypto exchanges may shut their operations amid growing regulatory scrutiny. The local report indicated that the country’s top regulatory watchdog Financial Services

News
News

South Korean Police Restarts Investigation in the Bithumb Fraud Case

Bhushan Akolkar 1 day ago

It looks like the troubles for crypto exchange Bithumb aren’t ending anytime soon! On Monday, August 2, the South Korean police reopened an investigation into the Bithumb fraud case involving the former chairman of the exchange. The news comes just within a month’s period after top executives of Bithumb were indicted by Hong Kong regulators

It looks like the troubles for crypto exchange Bithumb aren’t ending anytime soon! On Monday, August 2, the South Korean police reopened an investigation into the Bithumb fraud case involving the former chairman of the exchange. The news comes just within a month’s period after top executives of Bithumb were indicted by Hong Kong regulators

Altcoin News
Altcoin News

Fed Governor: Not Having A Digital Dollar Is Not An Option Anymore

Bhushan Akolkar 1 day ago

It is clear that the next big economic dominance will depend a lot on the central bank digital currencies (CBDCs), and the top two economies – the U.S. and China – are taking the battle to the next level. Last Friday, July 30, Fed Governor Lael Brainard stressed that not having a Digital Dollar in

It is clear that the next big economic dominance will depend a lot on the central bank digital currencies (CBDCs), and the top two economies – the U.S. and China – are taking the battle to the next level. Last Friday, July 30, Fed Governor Lael Brainard stressed that not having a Digital Dollar in

Bitcoin News
Bitcoin News

Kyrgyzstan’s mining farm in private residence Raided; 118 BTC mining machines seized

Palak Malhotra July 31, 2021

A large illegal mining field hidden in private residential space was found in Central Asia’s Kyrgyzstan. Kyrgyz National Security Commission has raided the residence and confiscated 118 Bitcoin Mining machines hooked to the already diminishing energy resources of the nation. The large-scale BTC mining operation has caused “great damage” to Kyrgyzstan’s power grid according to

A large illegal mining field hidden in private residential space was found in Central Asia’s Kyrgyzstan. Kyrgyz National Security Commission has raided the residence and confiscated 118 Bitcoin Mining machines hooked to the already diminishing energy resources of the nation. The large-scale BTC mining operation has caused “great damage” to Kyrgyzstan’s power grid according to

Bitcoin News
Bitcoin News

Moody’s downgrades El Salvador’s long-term foreign currency issuer rating, and it has a Bitcoin connection

Prashant Jha July 31, 2021

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for

News
News

Central Bank of China to Continue Crypto Crackdown in the Second Half of 2021

Palak Malhotra July 31, 2021

The People’s Bank of China has come to decisions about the ongoing crypto crackdown in the nation during the second half of 2021. In a conference yesterday, a consensus was reached to “maintain” high pressure on digital currency trading in China, by encouraging and enabling trade and exchange platforms to adhere to regulatory requirements and

The People’s Bank of China has come to decisions about the ongoing crypto crackdown in the nation during the second half of 2021. In a conference yesterday, a consensus was reached to “maintain” high pressure on digital currency trading in China, by encouraging and enabling trade and exchange platforms to adhere to regulatory requirements and

News
News

US Crypto Traders are Bypassing Foreign Exchange Ban to Trade Derivatives: Research

Prashant Jha July 30, 2021

US regulators have banned foreign crypto exchanges to offer their service to US customers without getting regulatory clearance. However, the ban on foreign exchanges has done little to nothing in terms of US traders accessing these foreign crypto exchanges. A recent research report from Inca Digital has shown thousands of US crypto traders bypass the

US regulators have banned foreign crypto exchanges to offer their service to US customers without getting regulatory clearance. However, the ban on foreign exchanges has done little to nothing in terms of US traders accessing these foreign crypto exchanges. A recent research report from Inca Digital has shown thousands of US crypto traders bypass the

News
News

Binance announces closure of all Futures and Derivative services across Europe

Palak Malhotra July 30, 2021

Binance announced it would shut down all Futures and Derivatives operations throughout Europe. Additionally, Binance exchange users in the Netherlands, Germany, and Italy can no longer open new futures trading accounts, effective immediately. The crypto exchange has stated that the users will have 90 days, starting from the day of the announcement to withdraw their

Binance announced it would shut down all Futures and Derivatives operations throughout Europe. Additionally, Binance exchange users in the Netherlands, Germany, and Italy can no longer open new futures trading accounts, effective immediately. The crypto exchange has stated that the users will have 90 days, starting from the day of the announcement to withdraw their

Binance
News
Binance
News

Breaking: Malaysian SC Orders Enforcement Action Against Binance For Illegal Operations

Prashant Jha July 30, 2021

The Securities Commission Malaysia (SC) ordered enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX) without obtaining the necessary approval from the SC. A public reprimand was also issued against the exchange for carrying out operations despite being put on the SC’s ‘Investor alert list’ in July 2020. The regulatory head of

The Securities Commission Malaysia (SC) ordered enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX) without obtaining the necessary approval from the SC. A public reprimand was also issued against the exchange for carrying out operations despite being put on the SC’s ‘Investor alert list’ in July 2020. The regulatory head of

Blockchain News
Blockchain News

Breaking: Binance May Face Investigation in the $134 Million Money Laundering Case in India

Prashant Jha July 30, 2021

Binance crypto exchange’s legal trouble has extended to India now. The world’s largest crypto exchange is under the scanner of the Indian anti-money laundering agency Enforcement Directorate (ED) for its role in the $134 million money laundering case, as per a report in Bloomberg. The ED is currently investigating a money-laundering racket operated through Chinese

Binance crypto exchange’s legal trouble has extended to India now. The world’s largest crypto exchange is under the scanner of the Indian anti-money laundering agency Enforcement Directorate (ED) for its role in the $134 million money laundering case, as per a report in Bloomberg. The ED is currently investigating a money-laundering racket operated through Chinese

News
News

Germany’s Institutional Funds Can Hold 20% In Crypto Starting August 2

Bhushan Akolkar July 30, 2021

There could be a flood of institutional investments coming from Germany starting next week. On Monday, August 2, a law is coming into effect that allows Germany’s institutional investors – under the Spezialfonds category – to invest in Bitcoin (BTC) and other cryptocurrencies. Institutional players like pension funds and insurers can access these funds. Together,

There could be a flood of institutional investments coming from Germany starting next week. On Monday, August 2, a law is coming into effect that allows Germany’s institutional investors – under the Spezialfonds category – to invest in Bitcoin (BTC) and other cryptocurrencies. Institutional players like pension funds and insurers can access these funds. Together,

News
News

Standard Chartered led crypto custody venture Zodia Custody gets FCA approval

Palak Malhotra July 29, 2021

Zodia Custody, an institutional-grade crypto asset custody solution provider has announced it has got the approval of the Financial Conduct Authority (FCA), i.e., the platform can now provide commercial services as a crypto asset business. Zodia Custody is a product by Standard Chartered’s SC Ventures, and Northern Trust, a leading asset servicing provider. It serves

Zodia Custody, an institutional-grade crypto asset custody solution provider has announced it has got the approval of the Financial Conduct Authority (FCA), i.e., the platform can now provide commercial services as a crypto asset business. Zodia Custody is a product by Standard Chartered’s SC Ventures, and Northern Trust, a leading asset servicing provider. It serves

News
News

US Senate’s bipartisan infrastructure deal adds $28 Billion in Crypto Tax

Prashant Jha July 29, 2021

The US Senate approved the bipartisan infrastructure deal worth $550 billion targetted at transportation and power systems. However, last-minute additions to the deal saw lawmakers impose an additional $28 billion in crypto tax. The infrastructure deal aims to fund a portion of the deal by collecting taxes on crypto transactions. The Senate’s proposal will impose

The US Senate approved the bipartisan infrastructure deal worth $550 billion targetted at transportation and power systems. However, last-minute additions to the deal saw lawmakers impose an additional $28 billion in crypto tax. The infrastructure deal aims to fund a portion of the deal by collecting taxes on crypto transactions. The Senate’s proposal will impose

News
News

China’s CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi

Bhushan Akolkar July 29, 2021

Chinese central bank is all keen on internationalizing the use of the national currency Renminbi (RMB) in the international market, and its central bank digital currency is a key step in this direction. The PBoC is confident that promoting the use of e-CNY will make RMB the world’s third-largest currency in terms of trade, settlements,

Chinese central bank is all keen on internationalizing the use of the national currency Renminbi (RMB) in the international market, and its central bank digital currency is a key step in this direction. The PBoC is confident that promoting the use of e-CNY will make RMB the world’s third-largest currency in terms of trade, settlements,

News
News

Abu Dhabi court orders 10-year Jail for 9 accused in crypto money laundering case

Palak Malhotra July 28, 2021

9 crypto money laundering culprits were sentenced to a decade in jail time and Dh10 million in fine, each by a criminal court in Abu Dhabi. Along with the individuals, over 6 companies have also been proven guilty of crypto money laundering allegations. The racket accumulated a total of Dh18 million in stolen funds from

9 crypto money laundering culprits were sentenced to a decade in jail time and Dh10 million in fine, each by a criminal court in Abu Dhabi. Along with the individuals, over 6 companies have also been proven guilty of crypto money laundering allegations. The racket accumulated a total of Dh18 million in stolen funds from

Bitcoin News
Bitcoin News

Breaking: Sen.Warren says ‘Digital Currency’ can help where banks have failed

Prashant Jha July 28, 2021

Senator Elizabeth Warren who is a known crypto critic appeared on CNBC to talk about regulations around the digital asset market. During her interview she said digital currencies in a way can help where major banks have failed in all these years. Warren was talking about how digital currencies can help bank the unbanked. “One

Senator Elizabeth Warren who is a known crypto critic appeared on CNBC to talk about regulations around the digital asset market. During her interview she said digital currencies in a way can help where major banks have failed in all these years. Warren was talking about how digital currencies can help bank the unbanked. “One

Bitcoin News
Bitcoin News

Pro-BTC Senator defends crypto against Sen. Warren’s “Shadowy Super-Coders” comment

Palak Malhotra July 28, 2021

Cynthia Lummis, Bitcoin supporter, and the US Senator from Wyoming has tweeted defending the crypto sphere against Senator Elizabeth Warren’s comments. Senator Warren had accused the decentralized system to be guided by “Shadowy Super-Coders”, to which Cynthia Lummis has publicly taken a contradictory stance. Lummis highlighted how the crypto market is run by open-source developers,

Cynthia Lummis, Bitcoin supporter, and the US Senator from Wyoming has tweeted defending the crypto sphere against Senator Elizabeth Warren’s comments. Senator Warren had accused the decentralized system to be guided by “Shadowy Super-Coders”, to which Cynthia Lummis has publicly taken a contradictory stance. Lummis highlighted how the crypto market is run by open-source developers,

News
News

Breaking: Binance is Planning to Establish Multiple Regional Headquarters

Prashant Jha July 27, 2021

Binance, the world’s leading crypto exchange is planning to establish multiple regional headquarters around the globe, said the CEO of the exchange Changpeng Zhao. The comments came in light of growing global regulatory scrutiny against the crypto exchange. It is currently facing regulatory actions in nearly a dozen countries including Hong Kong, Thailand, and Itlay.

Binance, the world’s leading crypto exchange is planning to establish multiple regional headquarters around the globe, said the CEO of the exchange Changpeng Zhao. The comments came in light of growing global regulatory scrutiny against the crypto exchange. It is currently facing regulatory actions in nearly a dozen countries including Hong Kong, Thailand, and Itlay.

PBOC
Bitcoin News
PBOC
Bitcoin News

Chinese Crypto Crackdown: Huobi & OKCoin to shut down Subsidiaries in Beijing

Palak Malhotra July 27, 2021

Amid the expanding Chinese crypto crackdown, former exchange giants in China, Huobi, and OKCoin have announced the closure of their Beijing subsidiaries. Huobi’s “resolution of dissolution” Beijing Huobi Tianxia Network Technology Co. dissolved its registration last week and informed the investors to liquidate their accounts within the next 45 days. This announcement was instead of

Amid the expanding Chinese crypto crackdown, former exchange giants in China, Huobi, and OKCoin have announced the closure of their Beijing subsidiaries. Huobi’s “resolution of dissolution” Beijing Huobi Tianxia Network Technology Co. dissolved its registration last week and informed the investors to liquidate their accounts within the next 45 days. This announcement was instead of

Polkadex orderbook
Blockchain News
Polkadex orderbook
Blockchain News

Binance-run Charity in Malta may face legal trouble

Palak Malhotra July 27, 2021

Binance-run Blockchain Charity Foundation is under threat of regulatory action in Malta as the commissioner for voluntary organizations Malta has warned the exchange over consecutive failures to file accounts for the past three years. The office of the commissioner claimed in a letter dated 23rd July that the world’s largest crypto exchange is guilty of

Binance-run Blockchain Charity Foundation is under threat of regulatory action in Malta as the commissioner for voluntary organizations Malta has warned the exchange over consecutive failures to file accounts for the past three years. The office of the commissioner claimed in a letter dated 23rd July that the world’s largest crypto exchange is guilty of