Tagged: exchanges

September 19, 2019 @ 7:11 am By Cali Haan  |  

Officials from the Cagayan Economic Zone Authority (CEZA) have suspended three cryptocurrency exchanges licensed to operate in designated zones only but found to be operating in Metro Manila. Golden Millennial Quickpay, Liannet Technology Ltd and Asia Premier are all under suspension, “…until they transfer to… Read More

July 12, 2019 @ 4:55 pm By Cali Haan  |  

More than a hundred proposed “crypto asset” exchange projects are seeking permission to operate in Japan, according to information furnished to Bitcoin.com by an official from Japan’s financial market regulator, the Financial Services Authority (FSA). “The number of crypto asset exchange service providers which have… Read More

June 18, 2019 @ 10:18 am By Cali Haan  |  

Following a recommendation made last year in April by Korea’s Fair Trade Commission, five cryptocurrency exchanges in the country have updated their terms of service to state they can be liable for losses resulting from cyberattacks or system malfunctions, YonHap News reports.  The new language… Read More

May 7, 2019 @ 10:54 pm By JD Alois  |  

In March, Bitwise Asset Management pitched their case regarding the creation of a Bitcoin ETF to the Securities and Exchange Commission (SEC). While providing a compelling argument as to why the SEC should move forward with their ETF, the presentation also provided some interesting insight… Read More

May 6, 2019 @ 6:32 pm By Cali Haan  |  

“Cryptocurrency market insights and community platform” Viewbase is analyzing wallet balances held by cryptocurrency exchanges to evaluate the accuracy of trading-volume figures reported by them. Viewbase claims to have found, “a huge disparity between the Ether balances and the reported trading volumes by exchanges.” “Reported versus… Read More

May 2, 2019 @ 9:15 am By JD Alois  |  

Many cryptocurrency exchanges are lightly regulated or simply not regulated at all. This has led to rampant claims of bogus trading volumes as some exchanges use wash trading or other ploys to boost volume and the appearance of relevance. The Blockchain Transparency Institute has been… Read More

April 19, 2019 @ 7:48 am By Cali Haan  |  

The recent loss of $190 million CAD by the now-defunct Canadian cryptocurrency exchange QuadrigaCX appears to have alerted regulators across the globe to additional complexities affecting the safe storage of cryptocurrencies at relevant businesses. Quadriga has claimed it lost access to the funds following the… Read More

March 20, 2019 @ 3:19 pm By Cali Haan  |  

The Japanese government has approved proposed amendments to laws governing cryptocurrency trading that will, among other things, cap leveraged trades permitted in Japan at 2-4X, Nikkei Asian Review reports. Presently, “Certain exchanges voluntarily cap leverage at 25 times the deposit, as with the rule for… Read More

March 18, 2019 @ 10:32 pm By Cali Haan  |  

Thirteen (13) cryptocurrency companies have been issued 43 code vulnerability reports from “vulnerability disclosure platform” Hacker One, all in the past 30 days, Hard Fork reports. The bugs were found by white hat hackers pursuing rewards from “bug bounty hunter” programs. All told, the hackers… Read More

January 14, 2019 @ 8:14 pm By JD Alois  |  

The Danish Tax Agency has been authorized to obtain information on trading in cryptocurrencies via three separate crypto exchanges operating in Denmark. This will mark the first time the information is being made available to the tax authorities which seek to review trading data on crypto beginning on January 1, 2016, up to December 31, 2018. Skattestyrelsen har fået tilladelse… Read More

January 14, 2019 @ 4:15 pm By Cali Haan  |  

The Bulgarian National Revenue Agency (NRA) is launching a series of “control actions” to inspect nine cryptocurrency exchanges operating in the region, Novinite reports. The inspections are being conducted in order to ensure that clients and the companies themselves are complying with local tax requirements…. Read More

January 12, 2019 @ 8:11 pm By Cali Haan  |  

Investigators from the Korean Ministry of Science, Technology and Information and the Korea Internet Development Agency (KISA) have found “weak” security at 31 0f approximately 38 crypto exchanges studied, ZDNet reports. Investigators deployed an 85-point security checklist to participating exchanges and found that, “14 exchanges… Read More

December 26, 2018 @ 5:51 am By Cali Haan  |  

“An enormous amount of data” collected by the Blockchain Transparency Institute (BTI) in its December 2018 Exchange Volumes Report shows, “clear evidence of wash trading,” across 80% of bitcoin-altcoin pairs on 95% of exchanges: “Based on this data over 80% of the CMC (CoinMarketCap) top… Read More

December 12, 2018 @ 8:07 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has just published their second annual report on cryptocurrencies and the digital asset ecosystem. The Global CryptoAsset Benchmarking study is a must read for any industry participant and policymakers engaged in the regulatory oversight of cryptoassets as the… Read More

December 10, 2018 @ 9:21 pm By Cali Haan  |  

Members of South Korea’s Democratic, Liberal-Democratic and Right Future Party will hold their first debate on the subject of cryptocurrency exchanges today in the Korean parliament, local media outlet Hani reports. Cryptocurrency exchanges have been operating in Korea since 2013 and exchanges there are some… Read More

November 21, 2018 @ 6:55 am By Cali Haan  |  

A court case brought against the Central Bank of India for advising Indian banks to stop serving cryptocurrency exchanges has forced the Indian government to produce an affidavit that includes a timeline on when sector regulations can be expected, Quartz reports. The advisory to stop… Read More

November 19, 2018 @ 5:33 pm By Cali Haan  |  

After holding a series of 18 meetings to review Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), the House Finance Committee has recommended that the Government of Canada regulate cryptocurrency businesses to prevent criminal use, iPolitics reports. The committee has been conducting meetings to… Read More

November 8, 2018 @ 3:27 pm By JD Alois  |  

Today, the first enforcement action was taken by the Securities and Exchange Commission (SEC) against a cryptocurrency exchange; EtherDelta. Prior to this, the SEC had only targeted issuers and promoters of crypto – largely for fraud and selling unregistered securities.  While the action against EtherData is… Read More

November 8, 2018 @ 11:10 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has settled charges against Zachary Coburn, the founder of EtherDelta, a cryptocurrency exchange. This is the SEC’s first enforcement action against a crypto exchange and marks a noted shift in the Commission’s dealing with secondary transactions of digital assets. The SEC… Read More

November 8, 2018 @ 9:32 am By JD Alois  |  

The Blockchain Transparency Institute (BTI) has published their second exchange rankings report and according to their numbers – wash trading persists as a profound problem as crypto exchanges seek to boost their perceived relevance in the lucrative sector of crypto. According to the BTI: “many of these exchanges are… Read More