Binance Claims SEC Charges are Aimed at Making Headlines

June 06, 2023 BY Alan Sayer

Binance Claims SEC Charges are Aimed at Making Headlines - ‘Limited in Reach’

SEC Chair Gary Gensler said: Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law." He adds that Zhao and Binance "misled investors" about risk controls and corrupted trading volumes while "actively concealing who was operating…

June 05, 2023 BY Alan Sayer

Mercado Bitcoin Obtains Payment Institution in Brazil

The license also means the company can now offer digital banking services to its customers using held crypto assets. Moreover, there are also said to be plans for the exchange to establish a debit card with a crypto off-ramp offering. Mercado Bitcoin is a leading crypto exchange in the South American country, with more than…

May 25, 2023 BY Steffy Bogdanova

TP ICAP’s marketplace for spot cryptoassets goes live

The newly introduced platform combines TP ICAP's in-house over-the-counter electronic platform, Fusion, with the institutional-grade custodial expertise of Fidelity Digital Assets. Leveraging TP ICAP's order matching and trade execution technology, the exchange benefits from the extensive liquidity derived from the firm's diverse global client base. At present, the venue offers trading in Bitcoin and Ether…

May 15, 2023 BY Steffy Bogdanova

Binance exists Canadian market due to strict crypto rules

The Canadian Securities Administrators (CSA) issued a notice categorizing stablecoins as 'securities and/or derivatives’ in December last year. This classification has imposed restrictions on regulated crypto exchanges in Canada, preventing them from providing services involving stablecoins, which constitute a significant portion of the industry. Additionally, Canada, particularly the regulatory authority in Ontario, the regulatory body…

May 11, 2023 BY Steffy Bogdanova

Binance looks for regulation in the UK

Previously, Binance had a conflict with UK regulators who suggested that the exchange was incapable of being regulated due to its failure to provide necessary information about its business activities. In June 2021, the FCA banned Binance from undertaking any regulated activity in the country. The crypto exchange has faced scrutiny from US regulators this…

May 09, 2023 BY Steffy Bogdanova

Crypto exchange Bittrex files for bankruptcy

As per the court documents, the bankruptcy petition includes Bittrex, Inc, which is based in Seattle, as well as two Bittrex entities located in Malta and an affiliated entity, Desolation Holdings LLC. However, the proceedings do not involve Bittrex Global GmbH, the Liechtenstein-based entity that provides non-US services. Bittrex has reported that over 100,000 creditors…

May 03, 2023 BY Steffy Bogdanova

Coinbase introduces international crypto exchange

However, the launch of the platform comes as US regulators tighten their grip on digital asset firms. Last month, Coinbase filed a lawsuit against the Securities and Exchange Commission (SEC) for not providing guidance on the cryptocurrency industry using its formal rulemaking process. This was followed by the SEC sending a Wells notice to Coinbase,…

April 26, 2023 BY Steffy Bogdanova

Binance pulls out of Voyager deal

Voyager announced the deal was stopped on Twitter, saying it received a letter from Binance. The crypto bank said it plans to use a "toggle option" in their bankruptcy plan to directly reimburse investors whose assets have been frozen since July. Voyager stated: Today, we received a letter from Binance.US terminating the asset purchase agreement.…

April 12, 2023 BY Steffy Bogdanova

Bitfinex obtains DASP license in El Salvador

Paolo Ardoino, Chief Technology Officer of the Bitfinex group, said: We are delighted to be the first company to be awarded this licence. It will enable Bitfinex Securities to facilitate the issuance and secondary trading of assets with clearly defined rights and obligations as outlined in the new digital asset regulatory regime. The new DASP…

April 11, 2023 BY Steffy Bogdanova

Gate.io’s Hong Kong crypto exchange to apply for SFC licences

The application follows the Trust and Corporate Service Provider (TCSP) licence from the Company Registry in Hong Kong, the group recently obtained, allowing it to offer virtual assets custody services. These licenses will allow the Group’s Hong Kong entity, Gate HK, to serve clients in the region and comply with the special administrative region's licensing…

Category: Exchange