The European Union is planning to dote its planned anti-money laundering and terrorist financing watchdog with powers related to oversight over cryptoasset businesses, according to “people familiar with the matter.” The designed authority is to be launched in 2024 and become fully operational two years later…. Read More: Germany-Led Group Wants a New EU…
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The crypto fallout from Canada’s so-called “truckers’ protest” is continuing to make its presence felt – with a financial regulator reporting the heads of the American crypto exchange giants Kraken and Coinbase to the Royal Canadian Mounted Police, the Canadian national police force, over their Twitter activity…. Read More: Canadian Regulator Reports Coinbase, Kraken…
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Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the country’s growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they try to adopt rules for the industry. Binance to Provide Crypto Expertise to Russian…
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The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region.
UAE Prepares to Regulate Crypto Sector Nationwide
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Binance has reportedly halted services in Israel after the cryptocurrency exchange was approached by the country’s financial regulator inquiring about its activities and the licenses under which it operates. A growing number of regulators have been scrutinizing Binance for operating without a license in their jurisdictions. Binance Halts Crypto Services in Israel Israel’s Capital Market,…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: FBI Crypto Unit, Sequoia Doubles Down on Tokens, Universal Music NFTs + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
South Korean crypto observers are predicting a “tectonic change” in the crypto exchange sector after a fifth trading platform struck a banking deal that will allow it to resume crypto-to-fiat trading. Yonhap reported that Gopax, one of the largest of the non-“big four” exchanges (Upbit, Bithumb, Coinone, and Korbit), has struck a deal with…
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DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors this year, the bank’s CEO has revealed. He added that in the first half of this year, DBS will focus on making “access to digital assets a lot more convenient.” DBS Bank to Offer Crypto Trading to Retail Customers…
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While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today there’s only 2.36 million held by…
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Popular trading app Robinhood has revealed that its international expansion will be “crypto first.” The company said from the regulatory standpoint, crypto is “probably the easiest way to go global.” The trading platform is also looking for compliant ways to list more cryptocurrencies. Robinhood Becoming ‘Crypto-First’ Company Steve Quirk, Robinhood’s chief brokerage officer, talked about…
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