Category: Cryptocurrency

June 22, 2023 BY Steffy Bogdanova

Binance launches services in Kazakhstan amid troubles in the US and Europe

Asset Turysov, Vice Minister of Digital Development, Innovation and Aerospace Industry of Kazakhstan, said: Over the past year, regulators in Kazakhstan have taken significant steps towards the development of the cryptocurrency industry. Binance has provided assistance to Kazakhstan in the development of a legislative framework and a general policy for the regulation of crypto assets,…

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June 20, 2023 BY Steffy Bogdanova

Binance withdraws registration in the UK

Binance recently withdrew its registration as a crypto service provider in Cyprus, saying it was focusing “on fewer regulated entities in the EU.” The exchange also announced exiting the Netherlands. Additionally, the company is facing legal trouble in the US with a lawsuit from the Securities and Exchange Commission for operation of an unregistered trading…

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June 19, 2023 BY Steffy Bogdanova

French regulator investigates Binance for money laundering

Binance is already facing legal troubles with US Securities and Exchange Commission (SEC). Last week the regulator announced filling 13 charges against Binance and its founder Changpeng “CZ” Zhao with various securities law violations, among which operating without registration and offering unregistered securities. In February 2022, following an investigation conducted by the specialized interregional jurisdiction…

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June 15, 2023 BY Steffy Bogdanova

Binance to withdraw registration of Cypriot business arm

Binance obtained its Crypto Asset Services Provider (CASP) license from CySEC in October last year, which allowed the exchange to offer crypto services such as pot, custodian, staking, and card services. The news comes a few days after the US Securities and Exchange Commission (SEC) announced filling 13 charges against Binance and its founder Changpeng…

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June 14, 2023 BY Steffy Bogdanova

Gold-i announces integration of Crypto Switch with Hidden Road

Tom Higgins went on to express his delight in the newly announced integration of Gold-i’s Crypto Switch with Hidden Road’s API. He highlighted Hidden Road’s offering which includes connectivity and a pool of OTC Market Makers, ensuring deep liquidity for institutional digital asset adoption, a trend that continues to grow. Michael Higgins, Global Head of…

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June 13, 2023 BY Steffy Bogdanova

GCEX expands partnership with Hex Trust to include staking

GCEX’s collaboration with Hex Trust will enable GC Exchange A/S to offer its institutional and professional clients nine additional assets for staking, including ETH, HBAR, Flare, Apecoin, etc. The official announcement added that new asset types will be included in the future based on client demand. Michael Aagaard, Managing Director, GCEX Denmark said: We have…

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Robinhood
June 12, 2023 BY Alan Sayer

Robinhood to End Support for Cardano, Polygon, and Solana

While the decision to end support for Cardano, Polygon, and Solana comes as part of the company's regular review, it also follows the three tokens being named as securities in the recent Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase. Currently, Robinhood offers users the ability to buy and sell 18 cryptocurrencies. However,…

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Crypto firms in the UK are abandoning their FCA registration
June 08, 2023 BY Alan Sayer

FCA to Launch New Crypto Rules, Bans Incentives

The FCA said in its policy statement: Even when the financial promotions regime comes into force, cryptoassets will remain high risk and largely unregulated. Consumers should only invest in cryptoassets if they understand the risks involved and are prepared to lose all their money. Consumers should not expect protection from the Financial Service Compensation Scheme…

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