Interactive Brokers Hong Kong has obtained a license to trade virtual assets for retail clients in Hong Kong. The announcement was made by David Friedland, the Managing Director for Asia Pacific at Interactive Brokers, on LinkedIn. The firm will initially focus on trading Bitcoin and Ethereum. More details about the licensing will be provided in […]
Binance, one of the leading cryptocurrency exchanges, has experienced a decline in its Bitcoin reserves as investors have been moving their funds to Coinbase Pro. This shift in reserves comes as BlackRock, a prominent investment management firm, has reportedly taken down Binance in anticipation of the approval of a Bitcoin ETF. The movement of funds […]
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 […]
The Monetary Authority of Singapore (MAS) has introduced measures to discourage speculation in cryptocurrency investments. In response to feedback on its proposed Digital Payment Token (DPT) regulations, MAS has outlined five ways that DPT service providers can help retail clients avoid price speculation. These measures include assessing customer risk awareness, avoiding incentives for cryptocurrency trading, […]
Australia’s tax regulator, the Australian Taxation Office (ATO), has issued new guidance on the taxation of decentralized finance (DeFi) transactions. However, the guidance has left DeFi users confused and uncertain about their tax obligations. The ATO has failed to provide clear answers to questions regarding specific transactions, such as staking Ether on Lido or transferring […]
In a scathing critique, former US Securities and Exchange Commission (SEC) official John Reed Stark has accused cryptocurrency exchange Binance and its CEO, Changpeng Zhao (CZ), of alleged criminal violations. Stark’s comments highlight the serious nature of these alleged violations and dismiss attempts by what he refers to as the “Big Crypto Cartel” to downplay […]
Crypto exchange HTX (formerly Huobi Global) has experienced its fourth hack in just two months, resulting in a loss of $13.6 million from a hot wallet breach on November 22. The exchange has assured users that they will be fully compensated for their losses and that their funds are secure. This incident follows an $86.6 […]
Tron Founder Justin Sun is facing speculation that he could be the next target of the Department of Justice’s crackdown on alleged fraudulent crypto bosses. This comes after the recent resignation of Binance CEO Changpeng Zhao, who reached a $4.3 billion deal with law enforcement authorities. Social media platforms are buzzing with discussions about Sun’s […]
Amid the ongoing campaigns for the 2024 elections in the United States, lawmakers are still working on legislation to establish regulatory clarity for the digital asset space, particularly stablecoins. At the North American Blockchain Summit, Consensys senior counsel Bill Hughes expressed his excitement about the policy discussions surrounding cryptocurrencies. He emphasized the importance of resolving […]
