US prosecutors have proposed a sentence of 40 to 50 years for FTX founder, Sam Bankman-Fried, and a USD 11 billion fine and forfeiture.
The supervision work plan includes measures to support regulatory compliance by VASPs ahead of the Virtual Asset Users Protection Act coming into force on 19 July 2024.
This is the second warning the SFC has issued against MEXC. Regulators in Korea, Japan, India and Germany have also warned against MEXC.
Phase 2 will focus on programmability, tokenisation and atomic settlement, leveraging the ‘Project Ensemble’ sandbox.
The warning refers to the Seychelles company Bybit Fintech Limited, and not the HK-incorporated Spark Fintech Limited, which has applied for an SFC licence.
The court ruled against ASIC's contention that the crypto investment product known as 'Finder Earn' was a debenture and therefore required authorisation.
SEC Secretary General Pornanong Budsaratragoon said the funds can only be offered to institutional investors and ultra-high-net-worth investors.
OKX will focus on spot products first while it works to bring local banking connections to customers "as soon as possible".
Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.
Russian-Swiss national Roman Sterlingov was found guilty on four charges, though he maintained his innocence during the jury trial.
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