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Regulators clamp down on websites offering unrealistic crypto returns

0xMain
May 13, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a crackdown on fraudulent activities, the SEC has taken action against operators of multiple websites accused of enticing investors with exaggerated returns through various securities offerings, including crypto...

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Signature Bank collapse due to regulators, management

0xMain
April 28, 2023

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The fall of Signature Bank (SBNY) has been linked to a combination of executive mismanagement and insufficient intervention by federal regulators, exacerbating the bank’s exposure to risks in the crypto industry and the ripple effects from other banks’ failures. The downfall of Signature...

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Crypto.com secures MVP approval from Dubai regulators

0xMain
March 20, 2023

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Crypto.com has announced that it has been granted an MVP preparatory license by the Dubai Virtual Assets Regulatory Authority (VARA). The permit will lay the foundation for the exchange to extend its operations to the region. Crypto.com, the world’s 18th-largest crypto exchange by...

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Cathie Wood says regulators responsible for banking crisis, not crypto

0xMain
March 16, 2023

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Ark Invest’s Cathie Wood says U.S. financial regulators are using crypto as a scapegoat for their own mistakes in oversight of the country’s banking system. Wood says the regulators’ attack on crypto could have dire consequences for the nation. Wood: crypto not responsible...

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O’Leary comments on FTX’s actions provoking a strong reaction from regulators

0xMain
February 21, 2023

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Kevin O’Leary, the renowned Shark Tank investor and venture capitalist, recently commented on the cryptocurrency industry’s regulatory scrutiny, supporting the cause and FTX’s actions. In a recent interview with TraderTV Live, Shark Tank investor and venture capitalist Kevin O’Leary emphasized the importance of...

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Kraken CEO’s criticism of regulators gains momentum

0xMain
February 20, 2023

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Jesse Powell, CEO of crypto exchange Kraken scrutinized by the US regulators, expressed his regrets by urging Congress to protect the domestic crypto industry. Kraken, the popular cryptocurrency exchange, recently reached a $30 million settlement with the US Securities and Exchange Commission (SEC),...

USDC and BUSD market caps fall as regulators bash stablecoins

0xMain
February 14, 2023

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Stablecoins such as USD Coin (USDC) and Binance USD (BUSD) see their market capitalization fall following increasing regulatory scrutiny. Market data shows that BUSD’s market cap has fallen by 4.56% from $16.2 billion reported on Feb. 7 down to its current value of...

UK regulators to set new rules for crypto ads

0xMain
February 6, 2023

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The United Kingdom’s Financial Conduct Authority (FCA) informed crypto companies targeting U.K. investors to prepare for an incoming regulation regarding cryptocurrency promotions. In an official press release on Feb. 6, 2023, the FCA said companies operating within the U.K. and outside the country...

Hong Kong regulators push for stablecoin guidelines

0xMain
January 31, 2023

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Regulators in Hong Kong are looking to establish guiding principles for stablecoins before the end of 2023. The news is the latest in a series of crypto-focused regulations from Hong Kong as the city looks to revert to its former cryptocurrency-friendly stance. Stablecoin...

Former SEC official defends regulator’s crypto enforcement efforts

0xMain
January 23, 2023

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John Reed Stark, the former U.S. SEC official, is defending the SEC’s efforts to bring enforcement regulations in the crypto industry. Blasting the “bogus” catchphrase The former SEC official has condemned “cryptocurrency lobbyists” for saying that SEC’s measures to regulate the crypto industry...