Tagged: Crypto Regulations

Digital Asset Manager CoinShares Comments on Global Crypto Regulatory Updates

Global World Earth Map International

Townsend Lansing, Head of Product at CoinShares and Nick du Cros, the Head of Compliance and Regulatory affairs at CoinShares, have noted that there appears to have been “quite a bit of confusion” in the digital assets community recently regarding the proposals in the EU… Read More

Brian Reisbeck: Chief Compliance Officer at Coinme Comments on International Regulatory Environment for Cryptocurrency

Ethereum Dollars iPhone

We recently caught up with Brian Reisbeck, the newly appointed Chief Compliance Officer at Coinme, a cryptocurrency cash exchange in the United States. Brian Reisbeck has joined Coinme as CCO and will help lead the firm’s compliance program and guide the organization in “maintaining regulatory… Read More

Neeraj Khandelwal: Co-founder at CoinDCX Reveals How Platform Built Staking Capabilities for ETH 2.0

Neeraj Khandelwal

We recently connected with Neeraj Khandelwal, Co-founder of CoinDCX, one of India’s largest digital asset exchanges. As covered in August 2021, CoinDCX turned into India’s first crypto unicorn following a $90 million investment round led by Facebook Inc. co-founder Eduardo Saverin and B Capital Group… Read More

Binance US Division Reportedly Under Investigation, SEC’s Gensler Comments on Latest Crypto-related Enforcement Actions

Gensler

The US Securities and Exchange Commission (SEC) is reportedly looking into the relationship between the US division of Binance, the world’s largest digital asset exchange, and two trading companies with alleged ties to Binance founder Changpeng Zhao or “CZ”, according to sources familiar with the… Read More

ComplyAdvantage Predicts More Debates About Definition of VASPs, More Discussions on Environmental Crime in 2022

Swami Psychic Future Prediction Guess Anticipate

The team at ComplyAdvantage, an AI-enhanced financial crime detection firm, notes that from regime change in Myanmar and Afghanistan to a “spotlight on environmental crime at COP26 and the explosive Pandora Papers leak, 2021 has been another landmark year for compliance professionals.” ComplyAdvantage writes in… Read More

Surojit Chatterjee from Coinbase Says that Ethereum (ETH) Scalability Should Improve in 2022, as Industry Welcomes Next 100M Users

Coinbase on iPhone 12 Buy and Sell Crypto

Surojit Chatterjee, Chief Product Officer at Coinbase (NASDAQ: COIN), notes that 2021 proved to be “a breakout year for crypto” with Bitcoin (BTC) price gaining nearly 70% YoY, DeFi hitting $150B in value locked, and NFTs “emerging as a new category.” Chatterjee has shared his… Read More

CipherTrace Traveler Addresses Sunrise Problem for Digital Currency Travel Rule Compliance

Rules Regulations

The Financial Action Task Force (FATF) has reported that there are just 58 out of 128 reporting jurisdictions advising that they have implemented any of the updated FATF standards, including the “travel rule.” This reportedly aligns with what CipherTrace has found through their extensive work… Read More

Binance CEO Changpeng Zhao Explains Why Digital Asset Firm Welcomes Proper Regulations for Crypto Industry

Zhao Changpeng

Binance CEO Changpeng Zhao or CZ notes that there are many “misconceptions” out there about crypto and that he will address a few of them. For example, many people say that “Regulation is bad for crypto.” According to CZ, we should not hold such a simplistic… Read More

Wyoming Chancery Court: A New Home Court for Digital Asset Disputes Offering Complete Legal Framework

Bison Buffalo Jackson Wyoming

Matt Kaufman, Attorney/Partner at Hathaway & Kunz, LLP, noted on December 2, 2021, that it was a big day for Wyoming, due to the official launch of the Wyoming Chancery Court. As explained by Kaufman, it is a new home court for digital asset disputes… Read More

Binance Hires Nils Andersen-Röed from Europol, Exchange Is Reportedly being Investigated for Insider Trading, Market Manipulation

Binance 2

Digital assets firm Binance has expanded its Audit and Investigations team with the appointment of Nils Andersen-Röed from Europol where he served as a specialist on the Dark Web team. As mentioned in the update from Binance, Nils will be tasked with focusing on conducting… Read More

coinpass Now Approved by UK Financial Conduct Authority to Serve as Crypto-Assets Firm

Bitcoin and Fiat Coins Money

The team at coinpass is pleased to confirm that they’ve been granted approval to serve as a registered crypto-assets company. The approval has been given by the UK’s Financial Conduct Authority (FCA). As mentioned in the announcement, the coinpass management team have always “believed in… Read More

Over 18,000 ETH Burned Since EIP-1559 Went Live on Ethereum MainNet: Report

FIre Pit Heat Warmth

The latest report from EthHub, the “essential” resource for Ethereum information, curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar), notes that Ethereum Improvement Proposal or EIP-1559 is now live on the Ethereum (ETH) network. Since the major upgrade went live this past week, the… Read More

Bitcoin (BTC) Might Soon be Held by Governments and Nation States, As Crypto Adoption Rises Globally: Report

Bitcoin Computer Keyboard

The team at Blockchain.com, a leading crypto wallet provider, trading platform, and block explorer service, has shared their August Market Outlook report, titled, The Final Crypto Adoption Frontier. Bitcoin or BTC adoption as an investment asset began with what is “often characterized as ‘retail’ (smaller… Read More

Binance Regulatory Crackdown Continues as Securities Commission Malaysia Announces New Enforcement Actions Against Crypto Exchange

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The Securities Commission Malaysia (SC) has announced new enforcement actions against digital assets firm Binance. The cryptocurrency exchange operator has been accused of illegally operating its trading platform in Malaysia. The SC has now ordered Binance to immediately disable access to its website as well… Read More

Binance to Exit Ontario, Canada Markets, Following Crypto Regulatory Crackdown by OSC

Canada Money

Digital asset exchange Binance will reportedly stop offering services in Ontario, Canada after the local government decided to launch a regulatory crackdown on crypto-related businesses. Binance’s management confirmed on Friday (June 25, 2021) that all Ontario-based customers need to close out their active positions by… Read More

Ontario Securities Commission has Taken Action Against Non-Compliant Global Crypto Trading Platform Bybit

Canada Money 2

The Ontario Securities Commission (OSC) announced on June 21, 2021 that it has taken action against “non-compliant” international cryptocurrency trading platform, Bybit. The OSC released a Statement of Allegations against Bybit Fintech Limited for “failing to comply with Ontario securities law.” Bybit is incorporated in… Read More

Bitcoin Mining in Iran Banned for 4 Months, Hundreds of Unregistered BTC Miners Seized by Government: Report

Bitcoin Banned Cryptocurrency

Zack Voell, a cryptocurrency mining specialist, writes in a blog post published by Compass that Iran has banned Bitcoin mining for four months in the country’s most recent “legal pivot” away from the “begrudged but enduring segment of miners” operating in the country. Voell points… Read More

Hong Kong Authorities Release Findings, Feedback of Consultation Paper on Digital Asset Regulations

Hong Kong Boat Junk Asia China Unknown Wong on Unsplash

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has published a paper that reveals the key findings and conclusions reached after a consultation on a proposed licensing requirement for digital asset trading platforms. Hong Kong‘s government has reportedly proposed certain regulatory changes in order… Read More

Chinese Government Might Impound Bitcoin Mining Hardware, Taking Out BTC Hashpower Permanently: Report

Mining Hardware Computers

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, notes that based on questions they’ve been getting from their clients and partners, they’re now sharing their latest analysis of “potential scenarios” resulting… Read More

New Crypto Market Entrants After Tesla’s $1.5B BTC Purchase May Have Sold their Bitcoin Holdings to Stronger Hands: Report

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Nate Maddrey and the Coin Metrics research team notes that during the past two weeks, crypto was hit by a “double tsunami” of seemingly negative news. Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk announced that Tesla would no longer be taking Bitcoin payments while adding… Read More

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