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Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
13.7.2023
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek...
UK financial watchdog reminds crypto firms of October deadline for marketing compliance
4.7.2023
Companies operating in the U.K. will have only “four routes to lawfully communicate cryptoasset promotions” in order to be in compliance with the FCA's regime
Crypto firms won't leave US despite apparent hostility: Merkle Science CEO
4.7.2023
Merkle Science CEO Mriganka Pattnaik has offered a “contrarian” take, explaining that crypto firms won't be vanishing from the United States anytime soon
Singapore to require crypto firms to put user assets into trusts by year-end
3.7.2023
MAS is also working to restrict crypto service providers from facilitating lending or staking for retail customers, but not for institutional ones
Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
3.7.2023
Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year
Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns
23.6.2023
After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to “temporarily pause” certain services and operations....
Beware of Fake Regulatory Claims by Crypto Firms, Warns Canadian Securities Administrators
22.6.2023
Canada’s crypto sector has seen a rise in the number of companies that falsely claim to be authorized to offer their services in the country, according to the Canadian Securities Administrators (CSA).
The authorities stated that several firms claimed to be affiliated with fictitious regulatory...
Crypto firms tout 'fictitious' regulatory stamps, Canadian regulator warns
21.6.2023
"Fake" regulatory and dispute resolution entities are being used to make some crypto providers look legitimate, warns the Canadian Securities Administrators
Blockchain Analytics Firm Chainalysis Urges Crypto Firms to Start MiCA Preparations Now
16.6.2023
The past week saw the forthcoming Markets in Crypto Assets (MiCA) regulation formally published in the EU's official journal, marking a significant milestone for regulation in the crypto space.
Consequently, Chainalysis’ head of policy for Europe has urged cryptocurrency companies to start...
Brazil’s president signs law aimed at having central bank regulate crypto firms
14.6.2023
The decree authorizes the central bank to regulate and supervise virtual asset service providers, and ensures the country's securities regulator will continue to handle many tokens
Bitstamp now included on FCA's list of registered crypto firms
13.6.2023
The Financial Conduct Authority listed 42 registered crypto firms in compliance with the U.K. government's Anti-Money Laundering and Combating the Financing of Terrorism rules
SEC's Latest Crackdown Could Drive Crypto Firms Out of the U.S.
6.6.2023
Companies such as Coinbase and Binance may not want to, but they could be forced to focus their efforts elsewhere
SEC Chair Gary Gensler Calls for Crypto Firms To Register Following Binance, Coinbase Charges
6.6.2023
Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler.
Gensler spoke to CNBC Squawk Box on Tuesday morning, a mere hour or so after the agency announced charges against...
US Congressmen blame crypto firms for 'tax gap' in letter to Treasury
6.6.2023
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices in crypto
FTX lawsuits see crypto firms, influencers dial back endorsement deals
5.6.2023
Some crypto influencers have been giving lucrative endorsement offers a hard pass after seeing what could happen if things end badly for the firm
US Consumer Protection Agency Issues Warning on Payment Apps Following Collapses of Crypto Firms, Banks
2.6.2023
The US Consumer Financial Protection Bureau issued a warning on Thursday for people using person-to-person services to store funds, reminding them that they are not federally insured, in the wake of FTX and multiple bank collapses.
Transaction volumes on payment apps have “substantially...
Georgian central bank to launch AML probe into crypto firms
1.6.2023
The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023
Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening
30.5.2023
Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region
Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations
29.5.2023
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis...
EU regulator urges crypto firms to disclose regulatory status of products
26.5.2023
ESMA reminded investment firms that crypto will remain unregulated in most jurisdictions despite the upcoming adoption of regulations