The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of digital asset derivatives. U.S. Commodities Regulator Settles Charges Against Defi Protocols Opyn, Zeroex, Deridex The CFTC has taken action regarding three…
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Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the country. Binance Offers Belgian Clients to Trade on Its Polish Platform Belgian customers of…
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The exchange claims the SEC’s deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance. Binance has asked a court for a protective order against the Securities and Exchange Commission (SEC) over what the crypto exchange claims is a “fishing expedition” from the regulator. In an Aug. 14 court…
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UK’s financial regulator says it has approved only 13% of the total applications by cryptocurrency companies for registration with the body. The Financial Conduct Authority (FCA) has disclosed that from January 2020, only 38 applications have scaled through out of 291 since it started the new registration process. The recent statistics come as the FCA…
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France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like custody and trading. AMF Revamps Crypto Regulations to Enforce Stricter Registration Rules for…
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The United Kingdom’s National Crime Agency (NCA) is set to increase its cryptocurrency fraud investigation unit as part of wider plans to halt the increase in financial crimes. The new move will see the agency hire four new senior investigators to join the financial crime unit to tackle all forms of corruption and fraud cases…
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The world’s largest exchange for digital assets, Binance, has withdrawn its application for a German crypto custody license. The trading platform made it clear it’s not giving up on plans to eventually obtain authorization from the Federal Republic but wants its submission to better reflect the changing market and regulatory conditions. Crypto Exchange Binance to…
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Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail customers. ASIC Revokes Financial Services License of Crypto Exchange FTX Subsidiary The Australian Securities and Investments Commission (ASIC) announced…
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The U.S. Securities and Exchange Commission (SEC) has formally accepted the spot bitcoin ETF application filed by asset manager Valkyrie. The move, which opens the door to an official review process, follows last week’s acknowledgment of Blackrock’s bitcoin ETF application. U.S. SEC to Review Valkyrie’s Bitcoin ETF Application, Expects Public Feedback The United States’ securities…
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The U.S. Securities and Exchange Commission (SEC) has accepted the application for a bitcoin exchange-traded fund (ETF) filed by asset manager Blackrock. The move indicates the regulator is preparing to seriously consider a bitcoin ETF and could eventually set the stage for wider adoption of crypto assets and products. SEC Adds Blackrock’s Bitcoin ETF Application…
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