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Central Bank of Iran Should Regulate Cryptocurrencies, Securities Watchdog Says
15.8.2021
With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital...
Outwitting crypto criminals: Why exchanges have to go the extra mile
15.8.2021
The decentralized industry has to spend additional resources to raise its standards and implement cybersecurity best practices
British Court Orders Binance to Identify and Freeze Hackers’ Accounts After a User Claims Funds Stolen
14.8.2021
A U.K. judge has reportedly ordered cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users claimed to be the victim of a $2.6 million hack. Binance Ordered to Help Recover Funds Allegedly Stolen in a Hack A London high court has ordered global...
Coinbase Aims to Be the ‘Amazon’ of Crypto, CEO Says Exchange Wants to List All Legal Crypto Assets
13.8.2021
The Nasdaq-listed cryptocurrency exchange Coinbase says that it wants to be “the Amazon of assets” and list every legal crypto asset out there. The company has outlined two major long-term trends affecting its business. Coinbase Wants to List All Legal Cryptocurrencies Coinbase revealed...
Binance Discontinues Crypto Products and Services in South Korea
13.8.2021
On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends...
Ukraine's state security shuts down illegal crypto exchanges
13.8.2021
Ukrainian authorities say the crypto exchanges were involved in money laundering and other illicit financial activities
Iran’s tax authority wants to legalize crypto exchanges
12.8.2021
The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly
WazirX All Set to Launch Decentralized Exchanges
12.8.2021
The Indian cryptocurrency exchange WazirX has recently shown a huge improvement in volume.The exchange has reportedly become the largest decentralized exchange by volume. The popularity of the platform has made the creators think about the next step. As per the latest reports, Nischal Shetty,...
Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges
12.8.2021
The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From...
Kucoin Boss on Strategy After Hack: ‘We Chose to Act’
12.8.2021
Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of...
SEC Asking for Jurisdiction Over All Crypto Exchanges Is ‘a Blatant Power Grab,’ Says Lawmaker
12.8.2021
U.S. Congressman Patrick McHenry has slammed the U.S. Securities and Exchange Commission (SEC) for asking for jurisdiction over all crypto exchanges, including non-securities ones. He called it “a blatant power grab that will hurt American innovation,” adding, “We don’t need...
Ukraine Might Allow Indirect Crypto Pay, Will Regulate Exchanges
9.8.2021
Ukraine could be set to allow its citizens to “protect their wealth” in cryptoassets, a minister has claimed – but will move to block direct crypto-powered payments and will regulate exchange in line with “international” guidelines.
In an interview with Minfin, Oleksandr Bornyakov, the Deputy...
Singapore to License Digital Payment Providers, Approves Crypto Exchange
8.8.2021
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto...
The biggest challenge for crypto exchanges is global price fragmentation
8.8.2021
For decentralized markets to scale globally, the interoperability between cryptocurrency exchanges must be seamless
Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry Says
8.8.2021
Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official...
DEXs could see demand boost as regulators target centralized exchanges
7.8.2021
From indictments against figures behind BitMEX to banks blocking transactions, and then Binance, some CEXs are under pressure. Is this an industry-wide phenomenon?
Binance US CEO Steps Down as the Crypto Exchange Faces Rising Regulatory Scrutiny
7.8.2021
Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman...
Binance Restricts Crypto Derivatives Products in Hong Kong, Existing Positions Have 90 Days to Close
7.8.2021
Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open...
Ethereum Arrives to London, Price Jumps, Exchanges Pause Deposits/Withdrawals
5.8.2021
The highly-anticipated Ethereum (ETH) London upgrade is here, bringing with it the revamp of the network's monetary system through the Ethereum Improvement Proposal, or EIP, 1559.
The price of the second cryptoasset by market capitalization has been rising in the past week ahead of this upgrade...
SEC Chair Gensler Outlines Plans for Crypto Trading, Exchanges, Investor Protection, Bitcoin ETFs
5.8.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined how the SEC plans to regulate the crypto industry. Focusing on investor protection, Gensler discussed concerns the SEC has about crypto trading, exchanges, lending, defi platforms, and exchange-traded...