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SEC calls for enhanced scrutiny on crypto assets

0xMain
April 21, 2023

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The U.S. Securities and Exchange Commission (SEC) has urged financial professionals to exercise enhanced scrutiny when recommending high-risk or complex products, including cryptocurrencies or “crypto asset securities.” The SEC has called for financial professionals to adopt “enhanced scrutiny” when suggesting intricate or high-risk...

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Luno exits Singapore amid growing scrutiny, Babel extends creditor protection

0xMain
April 18, 2023

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Luno, a leading crypto exchange owned by the beleaguered Digital Currency Group, has shut down its operations in Singapore amid growing scrutiny surrounding the crypto industry. Despite the tightening regulations, bankrupt lender Babel has successfully extended its bankruptcy protection within the region. Luno...

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SEC intensifies scrutiny on DeFi, sparking concerns over innovation and competition

0xMain
April 17, 2023

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The U.S. Securities and Exchange Commission is taking a closer look at decentralized finance (DeFi), raising concerns about the potential stifling of innovation and competition within the rapidly evolving industry. The United States SEC is increasing its focus on the cryptocurrency sector, with...

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Banks cut crypto ties amid regulatory scrutiny

0xMain
February 16, 2023

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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...