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Nalezeno "firms": 2019

New US bill to require firms to report off-chain transactions to CFTC

29.9.2023
The new legislation aims to protect crypto investors from disputes, manipulation or fraud potentially stemming from transactions occuring off-chain

Hong Kong Securities Regulator Says It Now Publishes Names of Entities Seeking Crypto Trading Licences

26.9.2023
The Hong Kong securities regulator has said it now publishes a list of firms seeking to operate crypto trading platforms in the region. Julia Leung Fung-yee, the CEO of the Securities and Futures Commission (SFC), said divulging the names of applicants is intended to help placate an investing...

Nine Crypto Firms in Taiwan Form Working Committee to Foster Regulatory Push

26.9.2023
Taiwan’s crypto community is coming forward to establish a working group in mid-October to “effectively integrate” digital currency adoption and self-compliance, in a move to “establish an effective and smooth communication channel with the government.” According to a press release, nine...

Crypto exchange Binance among firms eyeing new stablecoins in Japan

26.9.2023
Binance and Mitsubishi UFJ Trust and Banking Corporation (MUTB) are exploring the issuance of Yen and other foreign currency-denominated stablecoins in Japan

Former SEC Official Urges DOJ Action Against Crypto Industry — Says Crypto Grifters Need Threat of Prison Time

26.9.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has called on the U.S. Department of Justice (DOJ) to prosecute more crypto firms. “The stark reality is that the SEC is merely a civil enforcement agency. And until crypto-grifters face the threat of...

How are crypto firms responding to US regulators' enforcement actions?

23.9.2023
Prometheum was purportedly "purpose-built to comply with federal securities laws" and has avoided lawsuits from the SEC when compared with firms like Binance and Coinbase

Chinese Banks, Firms Make Digital Yuan Smart Contract Progress

22.9.2023
Chinese banks and businesses want to step up their use of digital yuan-powered smart contracts, as the financial and industrial sectors eye CBDC progress. Per the Securities Times (via Stockstar), the state-run Postal Savings Bank of China has “officially” co-launched the nation’s first...

Ex-Alameda Employee Exposes Firm’s Massive Bitcoin Trading Misstep

21.9.2023
An ex-employee of Alameda Research has revealed that a trading blunder from the firm precipitated an astonishing 87% plunge in bitcoin’s (BTC) price on the Binance US exchange. This mishap, the insider disclosed, resulted in losses reaching the “order of tens of millions.”...

Bitcoin Slides to $26.5K Amid Surging U.S. Dollar; Record-High Rates Are ‘Nightmare’ for Crypto Firms

21.9.2023
BTC slid to $26,500 as interest rates and the U.S. dollar surged while equities declined

Former FCA Chair Reveals Pressure to Approve Crypto Firms Facing U.S. Investigations

21.9.2023
The UK's financial watchdog was forced to welcome cryptocurrency firms into the British market, according to Charles Randell, the former chairman of the Financial Conduct Authority (FCA). During a conference hosted by the Bank of England's Prudential Regulation Authority, Randell said the...

UK FCA gives unregistered crypto firms ‘final warning’ on ads regime compliance

21.9.2023
The financial regulator expressed its frustration at the lack of engagement from crypto firms in a strongly worded letter

South Koreans Report Over $98 Billion in Overseas Crypto Assets

21.9.2023
South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a mandatory reporting requirement for financial assets held...

Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance

21.9.2023
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing that those crypto firms” are financial...

FCA Report Highlights Talks Between Banks and Crypto Firms Amid Rising Debanking Worries

20.9.2023
The UK's Financial Conduct Authority (FCA) has initiated talks between banks and crypto firms experiencing difficulties in accessing banking services, according to a recent report addressing the issue of debanking in the country.... Read More: FCA Report Highlights Talks Between Banks and Crypto...

SEC’s Crypto Chief Signals Ramp-Up in Enforcement: ‘We’re Going to Continue to Bring Those Charges’

20.9.2023
According to David Hirsch, head of the U.S. Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit, more enforcement actions against firms that haven’t properly registered with the regulator are expected. Hirsch discussed crypto assets and exchanges Tuesday at an...

a16z’s Arianna Simpson Says Lack of Specific Guidelines is Pushing Crypto Firms Offshore

20.9.2023
a16z General Partner Arianna Simpson believes the US needs to establish a regulatory framework that instills confidence in crypto firms and allows them to build technology products without fear of potential consequences. Simpson claimed that the lack of specific guidance in the US is causing...