Hong Kong’s SFC Warns Investors Against ByBit, a Crypto Broker LeapRate

March 14, 2024 BY Simon Mugo

Hong Kong’s SFC Warns Investors Against ByBit, a Crypto Broker

The regulatory body specifically pointed out various offerings from Bybit, such as futures contracts, options, leveraged tokens, and other cryptocurrency-related services. These offerings have been promoted to Hong Kong's investors without the necessary regulatory approval, which could subject them to considerable financial jeopardy. In Hong Kong, transactions involving crypto-related products are classified as regulated activities…

January 29, 2024 BY Simon Mugo

EU Reiterates Tough Limits on Crypto Firms Without a Base in the Bloc

The EU established the first extensive crypto market regulations globally last year, known as the Markets in Crypto-Assets (MiCA), a significant step in regulating an online sector where enforcing national boundaries has been challenging. The latest EU guidelines detail how non-EU crypto firms and regulators should adhere to MiCA when seeking to provide services directly…

December 11, 2023 BY Elizabeth Anderson

FCA lacks “specialist skills” to regulate crypto says UK watchdog

A report found that around three-quarters of people in senior positions at the FCA have been in their respective roles for less than four years. The lack of experience across senior leadership has contributed to struggles in straightening out crypto regulations and clamping down on illegal crypto-related activities. Don’t miss out the latest news, subscribe…

Torstone Technology expands its London headquarters

November 18, 2019 BY Mariela Naydenova

New developments on the UK's crypto legal framework

The cryptocurrency regulation in the UK is one step closer to becoming clearer. Today, the UK Jurisdiction Taskforce of Tech Nation's Lawtech Delivery Panel has announced its legal statement on the treatment of cryptocurrency assets and smart contracts under Welsh and English law. The statement is addressing the legal uncertainty that surrounds cryptocurrency assets. Judging…

January 21, 2019 BY Valentina Kirilova

Former U.S. Congressman critical of SEC negative approach to cryptos

Not every government official across the globe contends that cryptocurrencies are the scourge of the earth. In fact, there are many of those in and out of authority that have spoken out from time to time in support of digital currencies and have been critical of government agencies that are stifling innovation. One such individual…

Tag: crypto regulations