Tag: regulation

Binance secures in-principle approval in Kazakhstan
August 15, 2022 BY Steffy Bogdanova

AFSA grants Binance in-principle approval to operate in Kazakhstan

Gleb Kostarev, Regional Head of Asia at Binance, said: This is a landmark achievement for Binance in Kazakhstan. We are grateful to the Astana International Financial Centre for their support and vision in granting Binance Kazakhstan this in-principle license approval. The independent regulator AFSA regulates activities relating to digital assets in Kazakhstan and the wider…

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Crypto.com
August 12, 2022 BY Steffy Bogdanova

Crypto.com obtains regulatory approval in the Cayman Islands

With the latest authorisation, Crypto.com continues its global expansion. This announcement follows the crypto platform obtaining regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), the in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority,…

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July 18, 2022 BY Steffy Bogdanova

Coinbase secures crypto licence in Italy

Nana Murugesan, Vice President, International and Business Development, said: Building a constructive relationship with regulators in every jurisdiction in which we operate is incredibly important as we march toward our mission of increasing economic freedom in every corner of the world. Gaining this regulatory approval is a testament to our close collaboration and positive working…

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CFTC
June 01, 2022 BY Steffy Bogdanova

CFTC Commissioner Pham wants crypto regulation and customer protection

One pressing issue is shadow banking which is a type of banking system where financial activities are facilitated by unregulated intermediaries. Shadow banking using cryptocurrencies became a significant issue following the collapse of the stablecoin project Terra. It promised a return of up to 20% for USD-pegged stablecoin deposits. She added: I think what I’m…

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bitmex investigation
February 25, 2022 BY Steffy Bogdanova

BitMEX founders Arthur Hayes, Ben Delo plead guilty to defying AML rules

US Attorney Damian Williams said: As cryptocurrencies and technologies designed to facilitate their trade proliferate, companies engaged in the virtual currency economy have become critical gatekeepers in efforts to ensure that U.S. markets are fair, efficient, and secure. The opportunities and advantages of operating in the United States are legion, but they carry with them…

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CySEC regulation
February 02, 2022 BY Steffy Bogdanova

CySEC enhances regulatory capability through new technologies

Additionally, CySEC will expand its supervisory team to increase the level and frequency of supervision. Since October 2021, 32 new staff members have joined the regulator, 15 of whom have supervisory duties. CySEC has also adopted Big Data management systems so that the regulator is able to quickly screen big volume of trading activity data…

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ESMA expresses concerns over social media driven share trading
February 18, 2021 BY Steffy Bogdanova

ESMA expresses concerns over social media driven share trading

ESMA’s statement is part of investor protection objective to safeguard retail investors, whose participation is key to the development of the Capital Markets Union. ESMA stated: ESMA urges retail investors to be careful when taking investment decisions based exclusively on information from social media and other unregulated online platforms, if they cannot verify the reliability…

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Jacobi Asset Management lists Europe’s first spot Bitcoin ETF
January 06, 2021 BY Steffy Bogdanova

MAS strengthens regulation of crypto exchanges

The new amendments also allow MAS to impose measures on DPT service providers to ensure better consumer protection and to maintain financial stability and safeguard the efficacy of monetary policy. MAS stated: We have seen recent development of new forms of DPTs which values are pegged to stable assets to gain users’ confidence. It is…

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ATFX interview: 2020 is the year of radical changes
March 31, 2020 BY Valentina Kirilova

ATFX interview: 2020 is the year of radical changes

LR: How could ATFX (Retail) and ATFX Connect (Institutional) influence the market in 2020? Wei: Both ATFX and ATFX Connect will continue to transform the forex trading industry by providing technology-led, innovative tools to our clients. We plan to launch several new products and education services that address gaps in the market. The Forex industry is…

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