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…
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The Aussie regulator has been conducting a focused evaluation of Binance’s financial services business in Australia, focusing on the categorisation of retail and wholesale consumers. ASIC issued a hearing notice on 29 March to assess whether to revoke or suspend the AFS licence held by Oztures Trading Pty Ltd. ASIC Chair Joe Longo said: It…
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OKX Managing Director of Global Institutional Lennix Lai said: Regulation and licensing are key to the future success of the crypto and Web3 sectors. At OKX, we see immense potential in Hong Kong, and are committed to investing in talents and working with regulators over the next five years to continue building the local ecosystem.…
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The accounts in question were unfrozen around the time of the payment and reportedly tens of millions of dollars-worth of cryptocurrencies were used to fund Alameda’s additional trading activity. Bankman-Fried already pleaded not guilty to eight counts of criminal charges and he hasn’t been yet arraigned on five others. FTX and Alameda collapsed in November…
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The complaint alleges that Binance has offered and executed commodity derivatives transactions for US clients since July 2019. Moreover, the CFTC said that Binance directed its employees and customers to get around compliance controls detailing that they were encouraged to use messaging applications set to automatically delete written communication to avoid leaving evidence. The complaint…
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The SEC alleged in a complaint filed in a New York district court that Justin Sun engaged in "extensive wash trading," artificially inflating the trading volume of TRX in the secondary market and violating anti-fraud and market manipulation provisions of federal securities laws. The regulator also accused the TRON founder of earning $31 million in…
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Bruce Jackson, Chief of Digital Asset Funds and Business at Apex Group,said: Today’s announcement is an important next step in our global strategy of institutionalising digital markets, enabling institutional capital to access this digital asset class within the same secure and regulated framework they are familiar with from the traditional financial markets. Apex Group and…
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The Sandbox and GCEX will help gamers, as well as companies who want to access the open metaverse. The two companies will educate them on decentralised finance (DeFi) and on GCEX’s digital prime brokerage offering for institutional and professional clients. GCEX’s clients will also gain access to exclusive content and educational assets. Sebastien Borget, COO…
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He added: In the coming weeks, I will be working closely with Ben to ensure a smooth handover of operations in the region and introduce him to our network of partners and stakeholders that we work with across the community as part of Binance’s commitment to growing the Web3 industry. According to his LinkedIn profile,…
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Mark Steward, the Executive Director of Enforcement and Market Oversight at the FCA, commented: Crypto ATMs operating without FCA registration are illegal, and we will take action to stop this. This operation sends a clear message that we will continue to identify and disrupt unregistered crypto businesses in the UK. The FCA has taken steps…
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