Binance founder Changpeng “CZ” Zhao is currently required to stay in the U.S. as a federal judge reviews a motion from the U.S. Department of Justice. This motion seeks to keep Zhao in the country until his sentencing early next year. Zhao recently pleaded guilty to violating the Bank Secrecy Act and subsequently stepped down […]
International banking giants HSBC and Hang Seng Bank have joined China’s digital Yuan pilot, marking a significant moment for foreign banks in the digital currency space. This move comes shortly after HSBC launched digital asset custody services. HSBC China customers can now access personal digital Yuan wallet services using their debit cards. They can seamlessly […]
International banking giants HSBC and Hang Seng Bank have joined China’s digital Yuan pilot, marking a significant moment for foreign banks in the digital currency space. This move comes shortly after HSBC launched digital asset custody services. HSBC China customers can now access personal digital Yuan wallet services using their debit cards. They can seamlessly […]
Coinbase, a popular cryptocurrency exchange, has revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The email sent to Coinbase users did not provide detailed information about the investigation, but it stated that Coinbase was requested to provide information about its users’ accounts and transaction activity. Coinbase assured its users […]
Coinbase, a popular cryptocurrency exchange, has revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The email sent to Coinbase users did not provide much information about the nature of the investigation, but it stated that Coinbase was requested to provide information about its users’ accounts and transaction activity. Coinbase […]
Leading stablecoin issuer Circle Internet Financial has announced a strategic partnership with SBI Holdings, a major XRP holder, to enhance Web3 development and adoption in Japan. The partnership aims to prepare for the mainstream adoption of Web3 and blockchain technology in Japan. SBI Holdings will assist Circle in circulating the USDC stablecoin in the country […]
The United States Securities and Exchange Commission (SEC) is continuing its investigation into Binance.US, looking for evidence that the exchange had a backdoor to potentially control customer assets. This comes after the SEC filed a lawsuit against Binance and Binance.US in June, accusing them of selling unregistered securities and participating in fraudulent activities. One of […]
Last week, the legal drama involving Binance, the world’s largest crypto exchange, and United States law enforcement came to a close with a plea deal. Binance and its former CEO, Changpeng “CZ” Zhao, admitted to violating U.S. Anti-Money Laundering laws and agreed to pay $4.3 billion in fines. As part of the deal, CZ resigned […]
Hong Kong’s financial regulators have decided to retain the grace period for crypto firms despite recent scandals involving fraudulent activities in the crypto sphere. The grace period allows crypto firms to continue operating without a license until June 2024, giving them ample time to comply with new regulatory standards. The Securities and Futures Commission (SFC) […]
Global financial firm Circle has announced a strategic partnership with Japanese financial services company SBI Holdings, Inc. The partnership aims to promote the adoption of Circle’s USDC stablecoin and web3 services in Japan. Both parties have signed a Memorandum of Understanding (MOU) to work towards the circulation of USDC and expand the use of stablecoins […]
