Bitfinex has launched Bitfinex Securities El Salvador S.A. de C.V., its securities tokenization services company in the country. The exchange, one of the first regulated digital asset service providers in El Salvador, expects its proposal to be well-received among potential customers and has planned for several token issuances this year. Bitfinex Launches Digital Securities Issuance…
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Source: Pixabay Two major South Korean securities firms have suspended transaction services of foreign spot Bitcoin ETFs. Following an announcement from South Korea’s Financial Services Commission, the country’s top financial watchdog, Samsung Securities and Mirae Asset Securities halted new transactions of foreign spot Bitcoin ETFs offered on their platforms. “Domestic securities firms brokering overseas-listed Bitcoin…
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The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has stated that many digital assets are considered commodities under existing law. Behnam urged the U.S. Congress to hasten the process of establishing a regulatory regime for cryptocurrency. He also emphasized that he and Gary Gensler, the U.S. Securities and Exchange Commission chairperson, “get…
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Crypto exchange Binance is not a registered corporation in the Philippines hence its activities in the country are not above board, the Asian country’s securities regulator has said. The regulator warned of a possible jail term for individuals found enabling Binance’s activities in the Philippines. Licensed Overseas Organizations Still Need to Get Local Approval According…
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Charles Hoskinson, co-founder of Input Output Global (IOHK) and the Cardano blockchain initiative, recently expressed his frustration in a video over the U.S. regulator’s decision to categorize the cryptocurrency cardano as a security. He’s perplexed and critical about the exemption of bitcoin from being tagged as a security, mocking the situation as a “pathetic joke”…
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Bitcoin.com News reported this week that leading crypto exchange Binance will settle with the United States Department of Justice (DOJ) for $4.3 billion, related to breaching anti-money laundering and sanctions regulations. The well-known face of the exchange, and former CEO, Changpeng “CZ” Zhao, has stepped down as part of the plea deal. In other news,…
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The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency, adding that it commingled customer assets with its own. The United States Securities and Exchange Commission has sued Kraken, alleging it commingled customer funds and failed to register with the regulator as a securities exchange, broker, dealer and clearing agency. In…
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The LINK token continues to strengthen as professional traders and enterprise solution clients enter Chainlink’s ecosystem. Chainlink’s LINK (LINK) token experienced a remarkable 26% surge between Nov. 2 and 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While the…
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Binance has submitted a new motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against it. The leading cryptocurrency exchange urges the court to reject the agency’s attempt to expand its territorial reach beyond the United States. Binance Accuses CFTC of Using U.S. Lawsuit as a ‘Trojan Horse’ to Gain…
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The United States Securities and Exchange Commission (SEC) has secured a default judgment against Thor Technologies and its Chief Executive David Chin. In an Oct 19 statement on its website, the SEC disclosed the current status of the case after it notched the judgment against the defendants in the U.S. District Court for the Northern…
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