The Australian Securities and Investments Commission (ASIC) has nullified Binance‘s derivatives license, compelling the world’s biggest crypto exchange to liquidate all extant positions by April 21. The regulatory body’s decision emerges in response to a meticulous examination of Binance’s operations. ASIC has voiced...
Bittrex, one of the oldest cryptocurrency exchanges in the United States, stated on Mar. 31 that it would be shutting down its operations owing to the “regulatory and economic climate” in the nation. While winding down operations in the United States, the official...
The cryptocurrency markets have recently been shaken by another major regulatory push against Binance that sent ripples to the industry. This news seems to have caused liquidations on the firm’s native token, BUSD. The U.S. commodity futures trading commission (CFTC) has recently made...
Asian financial authorities have begun stepping up on regulatory efforts aimed at effectively overseeing the crypto industry in their respective jurisdictions. Notably, Hong Kong and Taiwan have championed these efforts, as they look to bring crypto under greater scrutiny. Hong Kong to regulate...
Coinbase has announced to suspend trade for Binance USD (BUSD) due to concerns raised by regulators about Binance’s operations. Coinbase, the leading U.S. cryptocurrency exchange, has announced to suspend trade for Binance USD (BUSD), a stablecoin issued by Binance, the number one global...
Kraken is still steadfast in launching its bank, despite facing a harsh regulatory landscape and several charges of violating securities laws by the US Securities and Exchange Commission. According to Marco Santori, the Chief Legal Officer at Kraken, the launch is on track....
U.S. lenders are distancing themselves from crypto companies in the wake of increased scrutiny of the industry by regulatory agencies in the country. These measures could force more crypto businesses to move offshore to jurisdictions with friendlier cryptocurrency regulations. Unbanking crypto Crypto firms...
The Virtual Assets Regulatory Authority (VARA) in Dubai is set to roll out new rules of engagement that will serve as an operational guide for crypto firms domiciled in Dubai. The apex regulatory body’s published rule book encapsulates detailed requirements and operational guides...
Ahead of the proposed legalization of cryptocurrencies in Korea, the financial services commission (FSC) published rules on Jan. 6 that outline which digital assets will be regulated as securities in the country. The guidelines stipulate that all blockchain-based tokens will be treated and...
Australia cracks down on crypto scams, boosts regulatory team As part of a three-stage plan to regulate cryptocurrency and ensure proper risk disclosure from crypto companies and cryptocurrency and investment scams, the Australian government is strengthening its market regulator’s digital asset team. Australia...