Binance crypto exchange’s regulatory woes continue to mount each day. After regulatory warnings from the governments of five different nations, its key European payment partner has severed ties owing to the exchange’s ongoing standoff with UK’s top regulatory watchdog FCA. Coin Junction said it has suspended both Pounds and Euro payment and would no longer
Binance crypto exchange’s regulatory woes continue to mount each day. After regulatory warnings from the governments of five different nations, its key European payment partner has severed ties owing to the exchange’s ongoing standoff with UK’s top regulatory watchdog FCA. Coin Junction said it has suspended both Pounds and Euro payment and would no longer
Binance’s independent US subsidiary Binance.US has hired Manuel Alvarez as the Chief Administrator. Another ex-regulator runs the cryptocurrency exchange; Brian Brooks, ex-bank regulator hired Alvarez for the job. Alvarez is a former commissioner of the California Department of Financial Protection and Innovation. The company has announced his joining from 22nd July. Alvarez will be reporting
Binance’s independent US subsidiary Binance.US has hired Manuel Alvarez as the Chief Administrator. Another ex-regulator runs the cryptocurrency exchange; Brian Brooks, ex-bank regulator hired Alvarez for the job. Alvarez is a former commissioner of the California Department of Financial Protection and Innovation. The company has announced his joining from 22nd July. Alvarez will be reporting
South Korean crypto exchanges may sue the government for passing the regulatory buck upon banks. Most of the crypto exchanges in South Korea fear closure owing to the new anti-money laundering regulations that require them to submit a document to prove they have a real banking account with the native banks by September 24. However,
South Korean crypto exchanges may sue the government for passing the regulatory buck upon banks. Most of the crypto exchanges in South Korea fear closure owing to the new anti-money laundering regulations that require them to submit a document to prove they have a real banking account with the native banks by September 24. However,
The Chinese crackdown on cryptocurrencies has reached the popular social media platform Weibo, the Chinese equivalent of Twitter. Many accounts associated with crypto promotions have been banned by the platform in light of the latest call for a crypto crackdown from the central government. The large blocking of crypto accounts on Weibo is believed to
The Chinese crackdown on cryptocurrencies has reached the popular social media platform Weibo, the Chinese equivalent of Twitter. Many accounts associated with crypto promotions have been banned by the platform in light of the latest call for a crypto crackdown from the central government. The large blocking of crypto accounts on Weibo is believed to
The US Securities and Exchange Commission (SEC) has sued five individuals for promoting BitConnect Initial Coin Offerings (ICO) via various mediums that helped the firm raise $2 billion. The five individuals are accused of promoting unregistered security, a common theme among many ICOs from 2017. The chief regulatory body in a Friday briefing mentioned the
The US Securities and Exchange Commission (SEC) has sued five individuals for promoting BitConnect Initial Coin Offerings (ICO) via various mediums that helped the firm raise $2 billion. The five individuals are accused of promoting unregistered security, a common theme among many ICOs from 2017. The chief regulatory body in a Friday briefing mentioned the
The Securities and Exchange Commission of the US has delayed the VanEck Bitcoin ETF proposal until June. SEC usually takes upto 45 days to decide on the proposed filing from the day of registration. The 45-day window for the VanEck proposal ends on May 3. The official filing read, “The Commission finds that it is
The Securities and Exchange Commission of the US has delayed the VanEck Bitcoin ETF proposal until June. SEC usually takes upto 45 days to decide on the proposed filing from the day of registration. The 45-day window for the VanEck proposal ends on May 3. The official filing read, “The Commission finds that it is
The fraud investigation into an alleged $2 billion fraud committed by one of the largest Turkish exchange Thodex has intensified as the investigation agency bas extended the custody of 8 arrested accused that include the Thodex founder Faruk Fatih Özer’s sister and brother. Another 60 arrested suspects were released by an Istanbul court. The main
The fraud investigation into an alleged $2 billion fraud committed by one of the largest Turkish exchange Thodex has intensified as the investigation agency bas extended the custody of 8 arrested accused that include the Thodex founder Faruk Fatih Özer’s sister and brother. Another 60 arrested suspects were released by an Istanbul court. The main
The 200 crypto exchanges in South Korea may face closure by September as per Eun Sung-soo, the chair of South Korea’s Financial Services Commission. The decision would be based on the new anti-money laundering laws(AML) that came into force last year and also included cryptocurrencies. As per new regulations, crypto exchanges operating in the country
The 200 crypto exchanges in South Korea may face closure by September as per Eun Sung-soo, the chair of South Korea’s Financial Services Commission. The decision would be based on the new anti-money laundering laws(AML) that came into force last year and also included cryptocurrencies. As per new regulations, crypto exchanges operating in the country
The Swiss Financial Market Supervisory Authority (FINMA) has rejected Bitcoin Suisse AG’s banking license proposal filed by the Zug-based financial intermediary in 2019. The regulatory body in its official note mentioned that the application filed by the Suisse AG lacks several parameters especially its money laundering defense mechanism. The crypto firm later withdrew its application
The Swiss Financial Market Supervisory Authority (FINMA) has rejected Bitcoin Suisse AG’s banking license proposal filed by the Zug-based financial intermediary in 2019. The regulatory body in its official note mentioned that the application filed by the Suisse AG lacks several parameters especially its money laundering defense mechanism. The crypto firm later withdrew its application
