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Nalezeno "uk crypto firms": 712

UAE’s Clear Rules and Openness to ‘Experimentation’ Key to Attracting Crypto Firms, Says Ben Caselin of Maskex

26.5.2023
Players in the crypto space are attracted to the United Arab Emirates (UAE) because the region not only has clear rules but is also “open to experimentation,” Ben Caselin, the Vice President and Chief Strategy Officer (CSO) at the crypto exchange Maskex, has said. Caselin also said...

South Africa’s Crypto Firms Will Soon Need to Apply for Registration or Face a Heavy Fine

25.5.2023
Continuing operations without applying for registration could lead to a $542,854 fine or imprisonment

XRP Price Prediction as Ripple CEO Says Crypto Firms May Leave US Amid Confusing Rules – Here's the Latest

19.5.2023
The XRP price has risen by 3.5% in the past 24 hours, with its climb to $0.463353 representing an 8% gain in the last seven days. Its current price means it has dropped by 11% in a month but increased by 36% since the beginning of the year, with this appreciation coming as the market awaits...

Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

18.5.2023
Many of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from an independent auditor.” Industry...

There's a growing case for allowing crypto firms to bypass banks

18.5.2023
Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash

Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says

17.5.2023
100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said

US Crypto Firms Migrate to Bermuda Amid Regulatory Concerns

15.5.2023
Crypto companies are increasingly turning away from the US in search of clear digital asset regulations, and some of the major companies are finding a home in Bermuda. Still, some experts warn that this may be a short-term solution as the issues in the land of the free are not getting...

80% Drop in No. of Licensed Estonian Crypto Firms – What’s Caused the Fall?

12.5.2023
There has been an 80% drop in the number of registered crypto firms operating in Estonia, official data has revealed. Per a release from the government-run Anti-Money Laundering Data Bureau, 389 firms have either had their operating licenses revoked or have asked for their permits to be withdrawn...

McHenry to U.S. SEC: Which Crypto Firms Have Tried to Register?

11.5.2023
The U.S. Securities and Exchange Commission (SEC) has so far disregarded congressional requests for information on its interactions with crypto platforms seeking registration as exchanges, according to Republican lawmakers in the House of Representatives, who threatened a hearing if they’re ignored...

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....

SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency

9.5.2023
The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment. The proposal drew loud objections from...

Brazil Central Bank CBDC Pilot Snubs Crypto Firms

9.5.2023
The Central Bank of Brazil has effectively blocked crypto firms from taking part in its central bank digital currency (CBDC) pilot. The bank this month issued a call for interested firms to join the next phase of its pilot. But while the bank did not explicitly rule out the participation...

Estonia squeezes out 400 crypto firms after new laws

9.5.2023
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans

Estonia’s Registered Crypto Firms Drop 80% as Tough New Checks Reveal 'Suspicious' Behavior

8.5.2023
Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line

New York AG's office seeks additional authority over crypto firms

5.5.2023
Under a bill proposed by New York Attorney General Letitia James, crypto exchanges could be required to reimburse users who were the victims of fraud

French Senators Propose Allowing Influencers to Promote Registered Crypto Firms

4.5.2023
The French Senate’s Committee on Economic Affairs has proposed a new law allowing social media influencers to promote cryptocurrency on their platforms. If approved, the proposal would significantly shift how these influencers market and advertise digital currencies in France. Surprisingly,...