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…
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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…
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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…
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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…
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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…
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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…
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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…
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Binance has faced an intense scrutiny and regulatory backlash recently. In June, the FCA banned Binance from undertaking any regulated activity in the UK, following a warning placed by the Japanese regulator, the FSA. However, this did not happen in Australia. The move follows the recent warning the Australian regulator issued against trading crypto through…
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ASIC said: ASIC understands that some unlicensed overseas platforms are taking, or have already taken, steps to prevent Australian clients from accessing these financial products. These steps include removing references and links, placing additional warnings and disclosures on the relevant webpages and apps, and introducing geographically based IP restrictions (geo-blocking). This prevents more Australian consumers…
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Syedur Rahman, a partner at Rahman Ravelli, which is representing Fetch.ai, said: We need to dispel the myth that cryptoassets are anonymous. The reality is that with the right rules and applications they can be tracked, traced and recovered. Rahman said that Binance intends to comply with the order and it is already tracking down…
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