The UK has given the green light for authorized investment funds to implement tokenization in the investment sector. This move aims to enhance efficiency, transparency, and competitiveness within the industry. The initiative is a result of collaboration between the Technology Working Group of the government’s Asset Management Taskforce, the Financial Conduct Authority (FCA), and HM […]
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has filed a legal brief opposing the government’s motion to prevent him from returning to the United Arab Emirates (UAE) while awaiting sentencing. Zhao recently pleaded guilty to failing to maintain an effective anti-money laundering program as part of a global resolution that resulted […]
UK funds have received approval to develop tokenization in order to enhance efficiency, transparency, and competitiveness in the investment management industry. The Investment Association, the representative group for the industry in the UK, has announced this development. The Technology Working Group of the Government’s Asset Management Taskforce, in collaboration with the Financial Conduct Authority (FCA) […]
Brad Garlinghouse, the CEO of Ripple, recently shared his insights on the legal battle between Ripple and the US Securities and Exchange Commission (SEC). Speaking at the 2023 DC Tech Week, Garlinghouse highlighted the setbacks faced by the SEC in the case. He stated that the SEC has lost on everything that matters and whether […]
Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced that it will be shutting down its operations. The decision comes as a result of regulatory uncertainties and is in line with the suspension of Bittrex’s operations in the United States earlier this year. The U.S. Securities and Exchange Commission (SEC) had accused Bittrex Global […]
The US Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing it of conducting unregistered operations. The SEC alleges that Kraken operated as an unregistered broker, clearing agency, and dealer, trading tokens deemed securities without complying with federal securities laws. The lawsuit specifically mentions tokens such as Algorand, Polygon, and […]
The European Banking Authority (EBA) is proposing updated anti-money laundering rules for crypto providers, with a focus on combatting the financing of terrorism. The EBA has identified that current regulations are insufficient and has published a consultation paper seeking feedback from interested parties. The proposed guidelines include merging the criteria for payment service providers and […]
CoinW, the world’s leading digital asset exchange, made a significant impact at the Wiki Finance Expo Sydney with a keynote speech delivered by Sonia Shaw, CoinW’s Partner & VP of Partnerships. Shaw’s presentation focused on the challenges and opportunities of centralized exchanges, highlighting three key strategies endorsed by CoinW: self-regulation, a hybrid approach combining decentralized […]
Netherlands-based cryptocurrency exchange Bitvavo has received regulatory approval from France’s Autorité des Marchés Financiers (AMF) to operate as a digital asset service provider. This allows Bitvavo to extend its services to French users. The approval comes after Bitvavo secured regulatory clearance to offer its services in Austria and expanded into Italy in 2022. CEO Mark […]
Netherlands-based cryptocurrency exchange Bitvavo has successfully registered as a digital asset service provider with France’s Autorité des Marchés Financiers (AMF), allowing it to expand its services to French users. This move comes shortly after Bitvavo received regulatory approval to operate in Austria and expanded its offering to Italy. The exchange has also filed registration applications […]
