Coinbase Delist Binance BUSD Amid Regulatory Scrutiny Beginning On March 13
Coinbase, the famous cryptocurrency exchange, stated on February 27, 2023, that dealing of the Binance USD (BUSD) stablecoin will be suspended starting March 13, 2023. The move follows the New York State Department of Financial Services (NYDFS) recent governmental assault on the stablecoin on February 13, 2023.
Robinhood's Cryptocurrency Division Served SEC Subpoena
Robinhood Markets Inc, a popular brokerage firm known for its commission-free trading, has received an investigative subpoena from the US Securities and Exchange Commission (SEC) related to listings of cryptocurrencies.
Registration Required For Cryptocurrency Platforms In Canada Within 30 Days
The Canadian Securities Administrators (CSA) stated last Wednesday that cryptocurrency platforms must register in order to safeguard cryptocurrency buyers. The Canadian Securities Administrators (CSA) is the parent body for Canada's province and local securities authorities.
New Charges Filed Against Sam Bankman-Fried, Former FTX CEO, in Multi-Billion Dollar Fraud Case
Sam Bankman-Fried, the co-founder of FTX, was charged with four new counts in a fresh indictment released on February 22, 2023. Operating an illegal money transfer company and plotting to conduct bank theft are among the accusations.
The Freezing of Binance Accounts: An Urgent Need for Risk Management and Market Regulation
Binance faced backlash for freezing user accounts without explanation, leading to users planning to sue the company. Binance later stated that misclassification caused the issue and would compensate affected users. The incident emphasizes the importance of due diligence and clear regulatory policies.
Bank of Israel Introduces A Framework To Oversee Stablecoins
The Bank of Israel is exploring the issue of digital assets and their impact on the areas it oversees, including maintaining financial stability, managing monetary policy, and regulating payment systems.
CoinEx Faces A Lawsuit From NY For Not Registering As A Crypto Exchange
The U.S. New York Attorney General Letitia James accused CoinEx, a Hong Kong-based bitcoin exchange, of operating unlawfully in New York without appropriate licensing. James submitted documents in a Manhattan court charging CoinEx of participating in repetitive and relentless deceptive practices, in violation of the Martin Act, a strong state statute designed to fight financial fraud.
Paxos Cuts Ties With Binance Following Regulatory Concerns
Paxos, the company behind the BUSD stablecoin, has ended its partnership with Binance, alleging a divergence of strategic interests.
As The Crypto Industry Approaches Regulation TMSN, And DOT Offer New Options
Ripple and other cryptocurrency initiatives have faced regulatory challenges. TMS Network (TMSN), and Polkadot (DOT), however, are taking the lead with regulatory-compliant, user-focused utilities.
Relocation And Exchange Launch: Huobi's Latest Move in Hong Kong
The relocation is part of Hong Kong's plans to become a digital asset center, and Huobi's Asia headquarters will be transferred from Singapore to Hong Kong as well.
Latest News
No data