The SEC revealed Monday that it was charging Binance and said BNB and Binance USD are unregistered securities. In its documents, the SEC also listed ten other digital currencies as unregistered securities, including ADA, SOL, FIL, MATIC, ATOM, MANA, SAND, ALGO, AXS, and COTI. Furthermore, the SEC announced on Tuesday that it had charged cryptocurrency…
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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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Kris Marszalek, CEO of Crypto.com, said: The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector. We are proud to receive the licence from a regulator that prioritizes consumer protection, safety, and security. We look forward to continuing to collaborate with MAS and leading at…
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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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According to the official announcement, France has turned into a European hub for OKX because of its transparent regulatory framework, as well as its high concentration of crypto enthusiasts and experienced traders, and the qualified workforce available. Over the years, OKX has grown its international compliance team and has worked on further developing its approach…
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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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US Attorney Damian Williams said: Today’s sentence should send a strong signal to all participants in the cryptocurrency markets that the laws decidedly do apply to them. The Southern District of New York will hold those who engage in insider trading to full account, regardless of whether their illegal conduct occurs in the equity markets…
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In the first quarter of the year, net income came in at $41.7 million during the first quarter, registering a 35% drop compared to Q2 FY23. The number was also 45.6% lower than the previous quarter. StoneX’s ROE also decreased to 13.8% in Q2 FY23. The diluted earnings per share (EPS) fell 37% during the…
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However, the launch of the platform comes as US regulators tighten their grip on digital asset firms. Last month, Coinbase filed a lawsuit against the Securities and Exchange Commission (SEC) for not providing guidance on the cryptocurrency industry using its formal rulemaking process. This was followed by the SEC sending a Wells notice to Coinbase,…
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