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...
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...
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...
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),...
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...
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...
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...
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...
Thailand’s Securities and Exchange Commission is looking into Zipmex’s local branch over its earn program due to suspicions that appear to include how the business represented the interest payments it made. According to the letter sent by Thai regulators and addressed to Zipmex’s...
South Korea’s National Tax Service (NTS) is reportedly conducting a special tax inquiry into Bithumb. South Korean crypto exchange Bithumb has recently drawn the attention of the country’s tax and legal authorities. The tax authorities have decided to launch a “special” investigation into...