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Crypto Exchange Beaxy Shuts Down in Wake of SEC Lawsuit

SEC charged Beaxy and Founder for raising $8M via unregistered offering of BXY token.
Beaxy promised it will enable customer asset withdrawal.

Wednesday, 29/03/2023 | 18:13 GMT by Solomon Oladipupo

FTX

Sam Bankman-Fried Hit with Additional $40M Chinese Bribery Charge

The bribery is allegedly linked to Alameda Research's trading accounts.
Bankman-Fried already faces allegations of wire, bank and securities fraud, among others.

Tuesday, 28/03/2023 | 18:28 GMT by Solomon Oladipupo

binance

CFTC Sues Binance, CEO for Illegal Derivatives Exchange: “Numerous Violations”

The derivatives regulator described Binance's compliance process as a "sham."
CFTC also charged Binance's ex-CCO, Samuel Lim

Monday, 27/03/2023 | 17:17 GMT by Solomon Oladipupo

Thought Leaders

Top Trading Tips for 2023

We take a closer look at some of the hottest trading tips for 2023, by our T4Trade team.

Wednesday, 29/03/2023 | 11:49 GMT by FM

terra-LUNA

Terra Founder Do Kwon Arrested in Montenegro, Interior Minister Says

Do Kwon's whereabouts had been unknown for many months.
The Terra LUNA collapse wiped out $40 billion from the ecosystem.

Thursday, 23/03/2023 | 20:13 GMT by Solomon Oladipupo

coinbase

Coinbase Expects Enforcement Action amid SEC's Wells Notice

The Wells Notice only shows the intention of the SEC staff to bring an enforcement action.
Coinbase executives criticized the regulator for being opaque.

Thursday, 23/03/2023 | 06:10 GMT by Arnab Shome

sec

SEC Hits TRON Founder Justin Sun, 8 American Celebrities with Charges

The regulator accused Sun of engaging in wash trades with TRX token.
The celebrities were charged for promoting TRX and BTT without disclosing compensation.

Wednesday, 22/03/2023 | 21:17 GMT by Solomon Oladipupo

hong kong

Hong Kong to Start Regulating Crypto in June 2023, 80 Companies Want to Join

More than 80 companies are waiting in line to join Hong Kong's web3 ecosystem.
The region is preparing to launch VA regulations in June 2023.

Monday, 20/03/2023 | 09:25 GMT by Damian Chmiel

Belgium

"The Only Guarantee in Crypto Is Risk:" Belgium to Mandate Warnings on Ads

An FSMA survey finds more than 60 percent of Belgian crypto investors see "temporary correction" with FTX collapse.
Only 15 percent of the investors bought more than EUR 10,000 worth of crypto.

Monday, 20/03/2023 | 09:02 GMT by Arnab Shome

Monetary Authority of Singapore

SVB Crisis: Impact on Singaporean Startups Limited, Says Central Bank

Singapore's banking system has "insignificant exposures" to failed US banks.
The system remains "sound and resilient," the apex monetary authority announced.

Monday, 13/03/2023 | 12:43 GMT by Solomon Oladipupo

Thought Leaders

EXCLUSIVE: ZuluTrade’s Revamped Affiliate Program Is Now Live

The Affiliate Portal brings a series of new and head-turning benefits for Affiliates.

Wednesday, 29/03/2023 | 09:55 GMT by FM

kucoin

NYAG Labels Ether as a Security in KuCoin Lawsuit

The lawsuit charged KuCoin for illegally operating in New York.
It is the first time a regulator labeled Ether as a security.

Friday, 10/03/2023 | 07:07 GMT by Arnab Shome

hong kong

Hong Kong's New Crypto Licensing Regime: A Boon or Bane for Investors?

The new regulations are expected to attract more foreign investment into Hong Kong.
Analysts remain unsure of how China will treat Hong Kong's new crypto regime.

Thursday, 09/03/2023 | 14:48 GMT by Anndy Lian

crypto regulations

The Regulatory Landscape of Crypto: Global Developments and Implications

Can regulations and crypto coexist?

Wednesday, 08/03/2023 | 15:18 GMT by Finance Magnates Staff

fca

FCA Cracks Down on Unregulated Cryptocurrency ATM Providers in London

The UK's regulator continues its actions against unregulated crypto ATMs in London.
The regulator used its powers to inspect several sites suspected of hosting illegal machines.

Wednesday, 08/03/2023 | 09:56 GMT by Damian Chmiel

cryptocurrency exchange

South Korea Uncovers $4.3B FX Transactions Linked to Crypto Speculation

Regulators last July flagged crypto-linked FX transactions worth $3.1 billion.
The country also started cracking down on 16 illegal crypto exchanges last year.

Tuesday, 07/03/2023 | 18:24 GMT by Solomon Oladipupo

Bank for International Settlements

Int'l Experiment Proposes Cross-Border Retail CBDC Run as Two Domestic Payments

BIS' model requires FX providers to submit quotes to settle transactions.
The cross-border retail CBDC system is to be run on bridge currencies.

Monday, 06/03/2023 | 15:07 GMT by Solomon Oladipupo

Thought Leaders

Global Banking Crisis, Inflation, and Interest Rates: What Happens Next?

Are we headed for quantitative easing and will we see rates drop and lending ease?

Tuesday, 28/03/2023 | 10:39 GMT by FM

united-states

US, Australia Make New Moves on CBDC

The US intends to launch a senior-level working group to debate CBDC.
Australia is planning a CBDC pilot to test for offline payments and other use cases.

Thursday, 02/03/2023 | 14:15 GMT by Solomon Oladipupo

IMF

IMF Doesn't Want Bitcoin in The Bowels of Financial System

The IMF asks countries not to give legal tender status to cryptocurrencies.
It published a paper with nine-point recommendations.

Friday, 24/02/2023 | 08:40 GMT by Arnab Shome

canada

Canada Gives 30-Day Registration Ultimatum to Crypto Exchanges

Exchanges unable to comply need to offload Canadian users.
None of the platforms can offer or take deposits in stablecoins.

Thursday, 23/02/2023 | 08:02 GMT by Arnab Shome

hong kong

Hong Kong's SFC Consults on Allowing Retail Traders to Trade Crypto

From 1 June, every crypto trading platform in Hong Kong needs to be regulated by the SFC.
The SFC wants to know if regulation should allow retailers to trade as well.

Monday, 20/02/2023 | 08:59 GMT by Damian Chmiel

crypto regulations

Why the Crypto Industry Needs More Regulation

Crypto is decentralized in nature but in dire need of regulation. Here's why.

Thursday, 16/02/2023 | 15:52 GMT by Finance Magnates Staff

blockchain

EU Launches Blockchain Regulatory Sandbox for DLT Development

First applications for the project are being accepted until 14 April.
Sandbox is expected to run for three years and support up to 20 projects yearly.

Wednesday, 15/02/2023 | 13:05 GMT by Damian Chmiel

Thought Leaders

Fxview Puts Technology Enablement into Perspective

Fxview’s low latency technology facilitates lightning-fast trade execution.

Monday, 27/03/2023 | 08:24 GMT by FM

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