CFTC fines Kraken $1.25 million for offering margined crypto products to US customers LeapRate

September 29, 2021 BY Steffy Bogdanova

CFTC fines Kraken $1.25 million for offering margined crypto products to US customers

Acting Director of Enforcement Vincent McGonagle, said: This action is part of the CFTC’s broader effort to protect U.S. customers. Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations. According to the CFTC, Kraken offered margined…

September 29, 2021 BY Steffy Bogdanova

SEBA Bank obtains first digital asset custody licence in Switzerland

Guido Buehler, CEO of SEBA Bank, said: Two years ago SEBA Bank received a Swiss banking and securities firm licence and is now enjoying excellent business momentum as institutional adoption of crypto & digital assets accelerates globally. The newly secured CISA licence extends the bank’s digital asset investment activities by offering digital custody services for…

September 27, 2021 BY Steffy Bogdanova

Binance stops offering crypto trading to Singapore clients

The official statement said: Binance constantly evaluates its product and service offerings. We will be restricting Singapore users in respect of the Regulated Payments Services in-line with our commitment to compliance. Users in Singapore are advised to cease all related trades, withdraw fiat assets and redeem tokens by Wednesday, 2021-10-26 04:00 AM UTC (12:00 PM…

September 24, 2021 BY Steffy Bogdanova

China announces all crypto transactions are illegal

The recent blow to crypto follows China’s concerns over cryptocurrency trading’s connection to fraud, money laundering and excessive energy consumption. China is one of the largest crypto markets in the world. This is the latest crackdown of China on crypto currency trading but it is not the first. In May, the country promised to focus…

September 23, 2021 BY Steffy Bogdanova

eToro releases investment portfolio with several DeFi cryptos

Dani Brinker, head of portfolio investments at eToro, commented: DeFi is one of the most talked about innovations in finance, with thousands of new cryptoassets emerging in recent months. But for people who don’t have the time to research every asset’s whitepaper, the market may seem like a minefield. By packaging up a selection of…

September 22, 2021 BY Steffy Bogdanova

INX partners with GMO to list regulated Japanese yen stablecoin

Corporate clients can take advantage of more efficient Japanese Yen-backed payment solution, with instant settlement in digital wallets as opposed to the traditional market T+2 experienced in the underlying asset. In the beginning, GYEN and ZUSD will be traded against the US Dollar and Bitcoin. The company said it will include additional pairs in the…

September 15, 2021 BY Steffy Bogdanova

Nukkleus partners with Monogram blockchain to facilitate MG Token payments

Jamie Khurshid, COO, Nukkleus, commented: From the outset, Digital RFQ's strategy has been to service institutional clients only. For that reason we spent years establishing the appropriate infrastructure and regulated fiat capabilities to support institutional size volume for cross border payments, all the time, addressing the risks associated with cryptocurrencies. Today that hard work is…

September 14, 2021 BY Steffy Bogdanova

Interactive Brokers Group announced crypto trading launch via Paxos

The brokerage’s clients can benefit from centralized cash management and can trade Bitcoin, Ethereum, Litecoin and Bitcoin Cash plus stocks, options, futures, bonds, mutual funds and ETFs from a single screen. The offering is initially available to US residents with individual or joint accounts, however, the company plans to make it available for additional client…

September 07, 2021 BY Steffy Bogdanova

Eightcap expands offering with over 250 crypto derivatives

Joel Murphy, CEO, Eightcap, said: Our vision at Eightcap is to provide a new home for Crypto derivative traders by providing an unparalleled offering that includes the largest crypto derivative library paired with ultra-low spreads and fast withdrawal options. The regulatory issues crypto exchanges such as Binance are facing means traders are left with unnecessary…

August 30, 2021 BY Steffy Bogdanova

US court orders actor Steven Seagal to pay full crypto fine

Seagal agreed to pay $157,000 in disgorgement and a $157,000 penalty, without admitting or denying wrongdoing. However, the motion picture celebrity made one payment of $75,000 and never paid the rest, a letter from Maureen Peyton King, a lawyer for the SEC, states. According to the US regulator, Seagal has not responded to the SEC…

Category: Cryptocurrency