Robinhood Expands Crypto Trading Services to European Union Customers

Robinhood, the commission-free trading platform, has expanded its crypto trading services to customers in the European Union (EU). This move comes as the EU has been working on a regulation called MiCA (Markets in Crypto-Assets) since last year. MiCA requires crypto companies to register with national regulators in order to serve EU customers. It also […]

Terraform Labs Co-Founder to be Extradited to the US for Criminal Charges

Terraform Labs co-founder Do Kwon is set to be extradited to the United States to face criminal charges, according to sources familiar with the matter. Justice Minister Andrej Milović in Montenegro plans to grant the extradition request made by U.S. officials. Kwon, who was arrested in Montenegro for using falsified travel documents, has also been […]

Terraform Labs Co-Founder to be Extradited to the US for Criminal Charges

Terraform Labs co-founder Do Kwon is set to be extradited to the United States to face criminal charges, according to sources familiar with the matter. Justice Minister Andrej Milović in Montenegro plans to grant the extradition request made by U.S. officials. Kwon, who was arrested in Montenegro for using falsified travel documents, has also been […]

US SEC Discusses Bitcoin ETFs with Asset Managers, Potential Approval Could Drive Crypto Market Growth

Officials from the United States Securities and Exchange Commission (SEC) are reportedly in discussions regarding the potential approval of Bitcoin exchange-traded funds (ETFs) proposed by asset managers. The SEC has never approved a spot cryptocurrency ETF before, instead choosing to delay decisions on applications. However, recent memos released by the SEC revealed meetings with representatives […]

US SEC Discusses Bitcoin ETFs with Asset Managers, Potential Approval Could Drive Crypto Market Growth

Officials from the United States Securities and Exchange Commission (SEC) are reportedly in discussions regarding the potential approval of Bitcoin exchange-traded funds (ETFs) proposed by asset managers. The SEC has never approved a spot cryptocurrency ETF before, instead choosing to delay decisions on applications. However, recent memos released by the SEC revealed meetings with representatives […]

Binance Withdraws Application with Abu Dhabi Regulator, Unrelated to US Settlement

Cryptocurrency exchange Binance’s unit in Abu Dhabi has decided to withdraw its application with the Emirate’s financial regulator. The exchange claims that this move is unrelated to its recent settlement with US authorities. Binance spokesperson stated that the decision was made after assessing the exchange’s global licensing needs. The application, which was withdrawn in November, […]

Binance Withdraws Application with Abu Dhabi Regulator, Unrelated to US Settlement

Cryptocurrency exchange Binance’s unit in Abu Dhabi has decided to withdraw its application with the Emirate’s financial regulator. The exchange claims that this move is unrelated to its recent settlement with US authorities. Binance spokesperson stated that the decision was made after assessing the exchange’s global licensing needs. The application, which was withdrawn in November, […]

Binance Founder Ordered to Stay in U.S. Until Sentencing, Citing Flight Risk

Binance founder Changpeng “CZ” Zhao has been ordered by a federal judge to remain in the United States until his sentencing in February. The judge determined that there is a high risk of flight if Zhao is allowed to return to the United Arab Emirates, where he resides.Judge Richard Jones of the Seattle District Court […]

Binance Founder Ordered to Stay in U.S. Until Sentencing, Citing Flight Risk

Binance founder Changpeng “CZ” Zhao has been ordered by a federal judge to remain in the United States until his sentencing in February. The judge determined that there is a high risk of flight if Zhao is allowed to return to the United Arab Emirates, where he resides.Judge Richard Jones of the Seattle District Court […]

Binance CEO Pleads Guilty in $4.3 Billion Settlement with US Authorities

A US district judge has approved the plea deals between Binance, former CEO Changpeng ‘CZ’ Zhao, and the Department of Justice (DOJ). The settlement, reached on November 21, 2023, concludes the investigations into Binance’s failure to register as a money services business and violations of the Bank Secrecy Act (BSA). As part of the settlement, […]