Hong Kong’s Customs and Excise Department is taking steps to address the money-laundering risks associated with cash-for-crypto shops in the wake of the JPEX scandal. These shops, which operate without licensing or regulatory oversight, have been promoting investment offerings from JPEX, a crypto exchange involved in a $192.7 million fraud. To fill the regulatory gaps […]
Binance.US, a cryptocurrency exchange, has received support from the US Chamber of Digital Commerce in its ongoing legal battle against the US Securities and Exchange Commission (SEC). The lobbying group argues that the SEC’s claims are misplaced and that its actions are driving crypto businesses away from the US. The SEC has faced criticism for […]
The Chamber of Digital Commerce has joined forces with other digital asset companies, legal entities, and lawmakers to challenge the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance. The Chamber argues that the SEC is overstepping its authority by attempting to regulate the crypto industry without explicit direction from Congress. In support of Binance, […]
Elon Musk and Mark Cuban are teaming up to challenge the Securities and Exchange Commission’s (SEC) practice of conducting in-house trials without juries. They argue that these administrative proceedings often lead to unfair outcomes for SEC defendants and may violate the right to a jury trial guaranteed by the Seventh Amendment. The case at the […]
The U.S. Chamber of Digital Commerce has filed a motion to dismiss the Securities and Exchange Commission’s (SEC) case against Binance, comparing it to suing a grocery store. The lobby group argues that the SEC’s regulatory approach has been “opaque and hostile.” The motion highlights the need for clear regulations in the cryptocurrency industry and […]
Binance, the world’s largest cryptocurrency exchange, has announced that it will be shutting down its crypto card services in the European Economic Area (EEA). This decision comes as Binance faces increasing regulatory pressure in various countries. The exchange’s Visa Debit Card Services, which allow users to convert crypto assets into local fiat currencies for purchases, […]
Coinbase, a leading cryptocurrency exchange, has announced plans to establish its EU MiCA hub in Ireland. This decision comes as Coinbase aims to expand its operations strategically across all 27 European member nations. By choosing Ireland, Coinbase hopes to optimize its current operations and uphold regulatory compliance while introducing more individuals to cryptocurrency. The company […]
Investment management firm BlackRock has filed an amended version of its application for a spot Bitcoin exchange-traded fund (ETF), following similar filings from other companies. The updated filing includes additional warnings about the risks associated with investing in Bitcoin, highlighting the lack of regulation and transparency in the cryptocurrency market. BlackRock also acknowledges the competition […]
The Depository Trust & Clearing Corporation (DTCC) has announced its acquisition of digital asset infrastructure developer Securrency. The deal will enable DTCC to gradually incorporate digital assets into its existing products and services. The financial terms of the agreement have not been disclosed, but the acquisition is expected to be finalized in the coming weeks. […]
Lawyers representing the United States Securities and Exchange Commission (SEC) have announced their intention to dismiss all claims against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. In a recent court filing, the SEC stated that the parties involved in the case against Ripple have agreed to a dismissal with prejudice, indicating that a trial […]
