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Latest Thai Securities Guidelines Require Digital Asset Platforms to Issue Crypto Trading Risk Warnings
4.7.2023
According to Thailand’s securities regulator, digital asset service providers will be required to warn prospective investors of the risks that come with trading or investing in cryptocurrencies. The guidelines also state that starting on Aug. 30, 2023, digital asset business operators will...
Singapore Implements New Crypto Regulations Targeting Custody, Lending, Staking
4.7.2023
Singapore has implemented new regulations for crypto service providers in a bid to enhance investor protection and maintain market integrity within the cryptocurrency industry. The Monetary Authority of Singapore (MAS) will also restrict lending and staking activities facilitated by crypto service...
Haru Invest Fallout: South African Crypto Platform Says Customers Can Only Access 76% of Crypto Holdings
30.6.2023
The South African crypto platform, Revix, said on June 28 that customers can now only access just over three-quarters (76%) of their crypto assets. Revix said the move to block customers’ access to 24% of their crypto assets was made after one of its primary service providers Haru Invest...
Unplugged: The Impending Threat of Widespread Blackouts in Grid-Reliant Economies
29.6.2023
Lately, the media has been captivated by the possibility of a grid collapse and the devastating economic consequences it would entail. Curiously, the internet is teeming with headlines suggesting the plausibility of such a collapse, whether caused by cyberattacks, physical assaults...
Paris FATF Plenary: Global Implementation of Virtual Asset Standards Remains ‘Relatively Poor’
25.6.2023
The third plenary of the Financial Action Task Force (FATF), held in Paris, found a lack of global adoption of the virtual asset recommendations established by the institution. According to evaluations, almost three-quarters of the jurisdictions are partially compliant or non-compliant with these...
Wallet providers introduce BRC-20 token support despite market drawdown
21.6.2023
There are currently more than 34,000 types of BRC-20 tokens in circulation
Binance Pulls Out of Netherlands, Seeks to Deregister Cyprus Unit
17.6.2023
The world’s largest crypto exchange, Binance, said it’s exiting the Dutch market as it has been unable to obtain registration as a crypto service provider. The news comes after Binance’s entity in Cyprus applied to be removed from the country’s register of digital asset service providers. Binance...
Crypto Exchange Okx Gets MVP Preparatory License From Dubai Regulator
16.6.2023
Crypto exchange platform Okx Global has been granted the minimal viable product (MVP) preparatory license by the Dubai regulator, the Virtual Assets Regulatory Authority (VARA). The latest VARA license has been granted almost a year after Okx received the “provisional virtual assets...
Uniswap Community Votes Down Protocol Fees for Liquidity Providers
2.6.2023
The initial snapshot poll was voted against by the community in a surprising move
Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns
1.6.2023
The proposal would have allowed Uniswap’s governing body to receive a percentage of the fees that currently go to liquidity providers
Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpeng Zhao
1.6.2023
Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with payment providers in Australia, Changpeng Zhao said...
EU Council Adopts New Rules for Europe’s Crypto Markets
18.5.2023
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin....
Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules
11.5.2023
The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset...
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
BRC-20 tokens surpass $1B market cap as wallet providers prepare integration
9.5.2023
The growth in BRC-20 tokens comes just two months after the creation of the Bitcoin token fungibility protocol
Kyber Network Advises Liquidity Providers to Withdraw Funds Amid Vulnerability, Token Drops 2%
17.4.2023
Decentralized finance (DeFi) protocol Kyber Network has advised liquidity providers on its Elastic product to withdraw funds after finding a potential vulnerability, it said in a tweet
HashKey Group to Debut Regulated Exchange in Second Quarter
14.4.2023
The exchange will be open to professional investors and the company is preparing to welcome retail users in "coming months."
Crypto Exchanges Must Share User Data With Russia, Prosecutor General Demands
9.4.2023
Digital asset exchanges must be obliged to provide user information to Russia’s law enforcement agencies, the country’s Prosecutor General has insisted. The circulation of cryptocurrencies in the Russian Federation needs to be regulated to counter money laundering, the official added....
First Mover Asia: Crypto Liquidity Providers Can Be Profitable by Considering Trade Volume, Volatility Other Factors, Data Firm Says
6.4.2023
ALSO: Ether falls but still outperforms bitcoin for another day as investors look hopefully at the Shanghai upgrade
Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor
5.4.2023
Lucy Gazmararian, an advisory board member to Hong Kong's securities regulator said its crypto rules may present short-term challenges to crypto startups