Tag: regulations

Oct 26 2021

FDIC considers clear regulatory terms for banks who want to handle crypto assets

The Federal Deposit Insurance Corporation FDIC, has announced through its chairperson Jelena McWilliams that the agency is working with other regulators in the U.S. with hopes of looking at the possibilities of banks involving in crypto-related activities. In a speech which she delivered during the Money20/20 Fintech Conference on Monday, McWilliams said the FDIC, is The post FDIC considers clear regulatory terms for...

Oct 14 2021

Binance Welcomes Former DFSA Executive as Chief Regulatory Liaison Officer

Binance, the world’s largest digital currency exchange by trading volume has taken its regulatory compliance ambitious to a new level with the appointment of Mark McGinness, former Head of International Relations at the Dubai Financial Services Authority (DFSA). According to the trading platform, McGinness is joining to take up the role of Chief Regulatory Liaison The post Binance Welcomes Former DFSA Executive as...

Sep 17 2021

S.Korea Crypto Crackdown: 60 Crypto Exchanges to Shut Down Due to This Reason

Sep 17 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

60 crypto exchanges in South Korea have been asked by the regulatory body to either partially or completely halt their services and inform the customers about it by Friday. The shut down of these exchanges comes as they failed to comply with the latest set of regulations that come into effect from next week. In The post S.Korea Crypto Crackdown: 60 Crypto Exchanges...

Sep 15 2021

The Proposal To Regulate Digital Asset Transactions Should Be Struck

The recent addition to the infrastructure bill is an affront to the progression of the Bitcoin industry in the United States.The following article was previously published by Tax Notes, and has been republished here with permission.An overlooked provision in the Senate-approved infrastructure bill1...

Sep 10 2021

Breaking: Grayscale’s Three Independent Crypto Trusts Become SEC Reporting Companies

Grayscale, the world's largest crypto asset manager made another compliance breakthrough as three of its independent crypto trust namely Litecoin Trust ($LTCG), Bitcoin Cash Trust ($BCHG), and Ethereum Classic Trust ($ETCG) became SEC reporting companies. Earlier, this year, the asset managers Digital Large Cap Fund ($GDLC) also became an SEC reporting company. The recent induction The post Breaking: Grayscale's Three Independent Crypto Trusts...

Aug 19 2021

Binance Hires Former IRS Investigator, Greg Monahan, Amid Regulation Woes

Binance is currently the largest exchange in the world in terms of the daily trading volume. It is incorporated in the Cayman Islands and has an office in Singapore. It, however, claims not to have a corporate headquarters. Recently, the company has faced regulatory issues in several countries, including the U.S., Hong Kong, and Malaysia. The crypto exchange has been making attempts to...

Aug 13 2021

Tightening all Loose Ends: Binance Upgrades its P2P Risk Management System

Binance, the world’s largest cryptocurrency exchange by trading volume has unveiled a new upgrade to its Peer-2-Peer (P2P) risk management system in a bid to protect its users. Per the announcement shared by the exchange, the move to boost its P2P security becomes pertinent as the trading platform saw a skyrocketing growth of users in The post Tightening all Loose Ends: Binance Upgrades...

Aug 12 2021

Jump Trading Group Plans To Execute Retail Equity Orders

Jump Trading Group, one of the world’s biggest proprietary trading firms, has declared to start a unit for the execution of individual investor stock orders, a business that has proved immensely profitable for electronic traders after the meme-stock mania ignited an outbreak in U.S. retail volumes. According to the Wall Street Journal report, Executives at The post Jump Trading Group Plans To Execute...

Aug 09 2021

Aug 06 2021

This Hedge Fund Says its Crypto Investments Will Continue Despite Price Volatility

In a letter to investors, Daniel Loeb, the Founder and Chief Executive Officer of New York–based hedge fund, Third Point Management has reiterated his firm’s positive disposition to digital currencies. In the letter, Loeb noted the firm’s potentials to continually fund innovative crypto firms just as it did with the likes of CipherTrace, Bitwise, and The post This Hedge Fund Says its Crypto...

Aug 04 2021

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Jun 10 2021

The Conundrum Of Bitcoin Legal Tender Laws

The adoption of bitcoin by El Salvador poses an interesting contradiction of freedoms, albeit solved on a secondary level.Nayib Bukele, El Salvador’s laser-eyed President, shocked the world at the Bitcoin 2021 conference in Miami when he announced that bitcoin would become legal tender in his country. A few days later, the "...

May 28 2021

Regulators Cannot Actually Ban Bitcoin

There are various aspects of the technology that make an outright ban on bitcoin unfeasible.“You’d have to shut down the internet.” Hester Peirce, Commissioner to the U.S. Securities and Exchange Commission (SEC) on implementing a Bitcoin ban.Although Bitcoin’s market capitalization has...

May 26 2021

Luno Forced To Remove Bitcoin Ads In U.K.

British regulators have forced bitcoin exchange Luno to take down ads recommending bitcoin purchases.A creative advertising slogan curated by Luno, a United Kingdom-based bitcoin exchange, has been banned by the U.K.’s Advertising Standard Authority (ASA), according to a recent report from CNBC....

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