Cryptocurrency

    Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.

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    Cryptocurrency

    Wall Street Firms Launch New Crypto Exchange, EDX Markets

    By Editors | 22/06/2023

    EDX Markets is backed by Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial, among others.

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    Cryptocurrency

    MAS Grants Ripple In-Principle Approval to Offer DPT Services

    By Editors | 22/06/2023

    Ripple said the licence will allow it to offer regulated digital payment token products and services in Singapore and scale on-demand liquidity service.

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    Cryptocurrency

    Japan Crypto Firms Call for Looser Margin Trading Restrictions

    By Editors | 22/06/2023

    An existing 2x leverage cap for retail investors is intended to curb excessive speculation and protect investors from significant losses.

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    Cryptocurrency

    Cuscal Introduces New Requirements for Crypto Firms in Australia

    By Ranamita Chakraborty | 22/06/2023

    Digital currency exchanges have to meet additional requirements to continue using services on Cuscal’s platform.

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    Fraud, Scams & Cybercrime

    US FDIC Orders OKCoin to Stop Advertising Deposit Insurance

    By Sanday Chongo Kabange | 19/06/2023

    Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.

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    Cryptocurrency

    NYAG Penalises CoinEx $1.8m for Failure to Register

    By Sanday Chongo Kabange | 19/06/2023

    CoinEx must implement geoblocking to prevent New York IP addresses from accessing its platform.

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    Cryptocurrency

    US Court Orders Binance to Isolate US Business from Global Operations

    By Manesh Samtani | 19/06/2023

    The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.

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    Cryptocurrency

    HKMA Meets with Crypto Firms on Banking Access Challenges

    By Karen Ng | 19/06/2023

    Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

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    DeFi & Web3

    Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

    By Editors | 18/06/2023

    SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.

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    DeFi & Web3

    Banque de France Says Second Version of MiCA is Needed

    By Editors | 17/06/2023

    Francois Villeroy de Galhau highlighted that MiCA currently does not cover crypto conglomerates, crypto lending, DeFi and NFTs.

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