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South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules
22.7.2021
Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services...
Japanese Regulator Likely to Create New DeFi, NFT & CBDC Regulations
21.7.2021
Japan’s top financial regulator, the Financial Services Agency (FSA), could be set to introduce new laws to police decentralized finance (DeFi)-related projects operating in the nation – with non-fungible tokens (NFTs) also potentially in the firing line.
The FSA issued an official announcement...
Indian regulator probes crypto exchange for alleged forex law violations
19.7.2021
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land
Hong Kong Regulator Warns About Unregulated Cryptocurrency Trading Platforms and Binance
18.7.2021
Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about unregulated cryptocurrency trading platforms, particularly Binance. The regulator said that the crypto exchange is offering the trading of “stock tokens.” The SFC issued a statement Friday warning...
Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure
17.7.2021
Cryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in...
Investors Are Still Free To Use Binance, Says Polish Regulator
16.7.2021
Source: a screenshot, Instagram/binance
After warning local investors about Binance last week, Poland’s Financial Supervision Authority (KNF) reminds that they are still free to decide whether to use this platform. As it does not supervise crypto exchanges in Poland, the authority only reacts...
Italian Regulator Warns Binance Crypto Exchange Not Authorized to Provide Investment Services in Italy
15.7.2021
Binance’s regulatory troubles grow with Italy being the latest country to issue a warning on the global cryptocurrency exchange. Other countries that have issued similar warnings include the U.K., Japan, Thailand, and the Cayman Islands. Crypto Exchange Binance Unauthorized in Italy...
Italian finance regulator issues warning on Binance crypto exchange
15.7.2021
Italian Companies and Exchange Commission has warned that Binance is not authorized to facilitate crypto investment services in the country
South Korean Regulator Analyzing 578 Cryptocurrencies
14.7.2021
South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said....
Brazilian securities regulator approves Ether ETF
14.7.2021
The fund, which will trade on Brazil's B3 stock exchange, uses custodial services provided by the Winklevoss twins' United States-based Gemini
AML compliance mandatory for foreign crypto exchanges, says Korean regulator
13.7.2021
South Korea’s strict crypto regulatory oversight is now extending to overseas exchanges that offer cryptocurrency trading services denominated in the country’s currency
SEC Charges 3 Individuals for Alleged Long Blockchain Insider Trading Scheme
12.7.2021
The U.S. SEC charged three individuals that allegedly conducted insider trading related to the Long Blockchain company back in 2017. One of the individuals allegedly traded stocks ahead of the name change that gave the company a price boost. The other two individuals were tipped and took advantage...
Japanese Regulator Report Suggests DeFi Regulations Could Be Coming
9.7.2021
The top Japanese financial and crypto sector regulator, the Financial Services Agency (FSA), has published a report on DeFi, blockchain and crypto – with its authors concluding that there may be a need for the nation to develop regulations for the decentralized finance sphere.
The report was...
EU eyes new money laundering regulator and stricter crypto reporting requirements
9.7.2021
The new Anti-Money Laundering Authority would comprise the “centerpiece” of a new supervisory system that would include national regulators
Crypto Exchange Binance.us Hires Former Financial Regulator
8.7.2021
Binance.us has hired Manuel Alvarez, a former financial regulator from California, to work as its chief administrative officer. The San Francisco-based crypto exchange, which sources technology from Binance, is aiming to deal with “the big question” — compliance. Binance.us...
South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law
8.7.2021
A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravention of Financial Sector Law According to a July...
Poland financial regulator issues public warning about Binance
8.7.2021
The cryptocurrency market is “neither regulated nor subject to supervision” to the Polish Financial Supervision Authority, the regulator said
S Korean Regulator to Banks: Stop Grumbling About Crypto Market Risk
8.7.2021
A leading South Korean regulatory chief has repeated calls for banks to stop complaining about absorbing crypto exchange-related risks and accept that any partnerships they undertake with trading platforms must be done so at their own peril.
As previously reported, banks in South Korea have stated...
Breaking news: US financial regulator FinCEN hires its first-ever chief digital currency advisor
6.7.2021
The Financial Crimes Enforcement Network is looking to broaden its enforcement measures in the cryptocurrency sector with its latest hire
Prime Minister of Vietnam Asks Central Bank to Pilot Digital Currency
5.7.2021
Pham Minh Chinh, the prime minister of Vietnam, has asked the country’s central bank to conduct a study of cryptocurrency and pilot the implementation of a blockchain-based currency within the next two years. The efforts are part of the Asian country’s new e-government strategy....