A ruling from Singapore’s High Court originally allowed Zipmex a moratorium until December 2022 to handle debt relief amid reported liquidity issues. Cryptocurrency exchange Zipmex has requested another extension which would allow for a longer moratorium on its debt in Singapore amid the firm’s liquidity issues. In an April 18 announcement, Zipmex said it was…
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According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists…
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Crypto lender Amber Group is considering options for its Japan unit, including a potential sale, as part of its plan to focus more on institutional clients, managing partner Annabelle Huang told Bloomberg. Japan is a “very high-quality market, but regulations are strict,” Huang said, noting that the country is looking at revamping a number of…
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Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), has issued her opinion on the recent attempts of the institution to change the definition of “exchange” under the Exchange Act Rule. According to Peirce, the institution is now expanding its reach to solve “problems that do not exist,” stifling innovation in the…
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The police service of the Canadian city of Calgary is launching a Cryptocurrency Investigations Centre in partnership with blockchain analytics firm Chainalysis to help combat crypto crime. The center “will enable law enforcement to tackle crime that takes place using blockchain technology,” Chainalysis described. Canada’s Cryptocurrency Investigations Centre The police service of Calgary, the largest…
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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: Today in Crypto: Bhutan ‘Cultivated a Secret Crypto Portfolio’, Amber Group May Sell Its Japan Unit, Bank of Israel Mulling a Digital Shekel Read more »Sign up for e-EUR – the…
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Circle, the US company behind the popular stablecoin USDC, is set to testify in a Congress hearing on Wednesday about stablecoin regulation in the US. In the hearing, titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” Circle’s Chief Strategy Officer Dante Disparte is expected to make a case for why the US…
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According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States. ‘Lack of Regulatory Clarity’ in the U.S.…
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Republican Congressman Warren Davidson has introduced legislation with an aim to remove Securities and Exchange Commission (SEC) Chair Gary Gensler from his role. The legislation was announced by Davidson via Twitter this weekend, and came in response to proposed rules by the SEC that would redefine the meaning of an “exchange,” while bringing such entities…
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