Tagged: Crypto Regulations

December 29, 2021 @ 5:00 pm By Omar Faridi  |  

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

December 6, 2021 @ 2:44 pm By Omar Faridi  |  

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

September 19, 2021 @ 7:24 pm By Omar Faridi  |  

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

September 1, 2021 @ 7:48 am By Omar Faridi  |  

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

August 10, 2021 @ 8:31 am By Omar Faridi  |  

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

August 7, 2021 @ 10:57 am By Omar Faridi  |  

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

July 31, 2021 @ 2:43 pm By Omar Faridi  |  

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

June 27, 2021 @ 11:42 am By Omar Faridi  |  

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

June 23, 2021 @ 8:37 pm By Omar Faridi  |  

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

June 12, 2021 @ 9:59 am By Omar Faridi  |  

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

May 31, 2021 @ 11:27 am By Omar Faridi  |  

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

May 29, 2021 @ 10:31 am By Omar Faridi  |  

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

May 26, 2021 @ 11:21 pm By Omar Faridi  |  

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

May 24, 2021 @ 9:43 pm By Omar Faridi  |  

The State Duma has recently acknowledged that amendments to the Civil Code (in Russia) that cryptocurrencies (or “digital monetary units”) may be considered “a contractual means” of conducting payments in the country, according to Pavel Krasheninnikov, Chairperson of the Duma Committee on Legislation, at the… Read More

May 23, 2021 @ 11:33 am By Omar Faridi  |  

US Federal Reserve Chief Jerome Powell recently noted that cryptocurrencies pose significant risks to financial stability. Powell stated on Thursday (May 20, 2021) that greater regulation of crypto assets may be necessary. As reported by Reuters, the US Treasury Department cited concerns about wealthy people… Read More

April 25, 2021 @ 12:36 pm By Omar Faridi  |  

Crypto investors in Turkey have been dealing with major issues lately. Another major digital currency exchange has collapsed in the country and its CEO is being detained by authorities. Turkish crypto exchange Vebitcoin has suspended its operations and claims that it decided to do so… Read More

April 12, 2021 @ 8:35 pm By Omar Faridi  |  

Melayna (Manning) Ingram, Director, Securities Product at Paxos, notes that regulation can “foster innovation,” and it’s simply a matter of perspective. Ingram writes in a blog post that many tech firms are established with the “general” thesis that “something is broken and new technology can… Read More

March 12, 2021 @ 10:31 pm By Omar Faridi  |  

The Capital confirms that India has been going through a major regulatory process related to the nascent cryptocurrency markets. The Capital notes that the advancements in other areas of crypto such as the innovation in decentralized finance (DeFi) in the 21st century might have taken… Read More

March 12, 2021 @ 5:54 pm By Omar Faridi  |  

Despite a few weeks’ break from their regulatory assessments, the BitOoda team says it has been regularly monitoring the crypto industry and engaging in the ongoing advancement of the US regulatory landscape. BitOoda notes that the recent developments they’ve followed are: New York Attorney General… Read More

March 11, 2021 @ 11:10 pm By Omar Faridi  |  

South Korean authorities have stated that they’re planning to impose heavy penalties or fines on individuals and businesses violating applicable guidelines for cryptocurrency transactions. The Korean financial regulator stated that it would impose a fine on virtual currency exchanges if they fail to report suspicious… Read More