The platform was permitted entry to the registry on Tuesday and was approved by noon on Wednesday to engage in certain cryptoasset activities as stated by the FCA. Recently, the FCA declared that companies offering crypto services in the UK must be approved for registration and comply with the FCA's anti-money laundering rules, or charges…
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Coinbase’s volume has been on a steady decline since Q4 2021, a boom year for the industry. It closed that year with more than $400bn in volume. The broader cryptocurrency market has contracted during the last 18 months, making it more difficult for exchanges to drive growth. However, Coinbase did gain market share in Q3 as…
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He added: With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view. This new contract will help create opportunities for a broad array of clients looking to hedge positions or execute other trading strategies, all in an…
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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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SEC Chair Gary Gensler said: Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law." He adds that Zhao and Binance "misled investors" about risk controls and corrupted trading volumes while "actively concealing who was operating…
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The license also means the company can now offer digital banking services to its customers using held crypto assets. Moreover, there are also said to be plans for the exchange to establish a debit card with a crypto off-ramp offering. Mercado Bitcoin is a leading crypto exchange in the South American country, with more than…
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The newly introduced platform combines TP ICAP's in-house over-the-counter electronic platform, Fusion, with the institutional-grade custodial expertise of Fidelity Digital Assets. Leveraging TP ICAP's order matching and trade execution technology, the exchange benefits from the extensive liquidity derived from the firm's diverse global client base. At present, the venue offers trading in Bitcoin and Ether…
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The Canadian Securities Administrators (CSA) issued a notice categorizing stablecoins as 'securities and/or derivatives’ in December last year. This classification has imposed restrictions on regulated crypto exchanges in Canada, preventing them from providing services involving stablecoins, which constitute a significant portion of the industry. Additionally, Canada, particularly the regulatory authority in Ontario, the regulatory body…
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Previously, Binance had a conflict with UK regulators who suggested that the exchange was incapable of being regulated due to its failure to provide necessary information about its business activities. In June 2021, the FCA banned Binance from undertaking any regulated activity in the country. The crypto exchange has faced scrutiny from US regulators this…
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As per the court documents, the bankruptcy petition includes Bittrex, Inc, which is based in Seattle, as well as two Bittrex entities located in Malta and an affiliated entity, Desolation Holdings LLC. However, the proceedings do not involve Bittrex Global GmbH, the Liechtenstein-based entity that provides non-US services. Bittrex has reported that over 100,000 creditors…
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