Thailand SEC Plans to Lift Investment Limit for Retail Investors in ICOs
Thailand's SEC plans to lift the investment limit for retail investors in ICOs to increase asset-backed digital investments. The regulator also aims to enhance effective monitoring of digital asset operations and reduce risks that might affect investors, operators, and the market. Additionally, it plans to prohibit digital business operators from accepting digital assets and paying returns to depositors.
Binance says FT is ‘dramatically mischaracterizing events’
Binance has clarified that it does not conduct any operations in China and has no technology, including servers or data, located in the country.
Binance’s reputation at risk as CFTC allegations raise concerns
Trust is a crucial factor in the cryptocurrency market, and if Binance is perceived as engaging in unfavorable practices by trading against its users, it may lead to a decline in trust from both its clients and investors.
BlockFi to Provide Refunds to Californians, Says State Regulator
Crypto lending platform BlockFi has agreed to refund more than $100,000 to Californian borrowers following an investigation by the Department of Financial Protection and Innovation (DFPI). The refunds relate to BlockFi's failure to inform borrowers they could stop repaying loans after the firm filed for Chapter 11 bankruptcy. BlockFi has agreed to an interim suspension of its lending licence, while the regulator considers revoking it.
Crypto Depositors of Signature Bank Face April 5 Deadline for Account Closure
The Federal Deposit Insurance Corporation (FDIC) has urged customers of Signature Bank, a defunct bank that used cryptocurrencies, to close their accounts by April 5 by finding a new bank.
After CFTC Lawsuit, Binance Experiences Significant Withdrawal
Binance experienced significant withdrawals following the US Commodity Futures Trading Commission (CFTC) suing the exchange and CEO Changpeng Zhao (CZ) for alleged trading and derivatives rule violations. Nansen data shows $400m in Ethereum-based funds withdrawn in 24 hours, and Coinglass metrics show 3,655 bitcoin worth over $99m were withdrawn in the past day.
Chinese Banks Extend Services to Hong Kong Crypto Companies
Chinese banks, including Bank of China and Bank of Communications, have started providing financial services to Hong Kong-based cryptocurrency firms despite an ongoing crypto ban in mainland China. Industry experts have welcomed the move, which is seen as encouraging for the industry and broader ecosystem.
Binance, the World's Top Crypto Exchange, Under US Investigation
The US Commodity Futures Trading Commission (CFTC) has sued cryptocurrency exchange Binance and its CEO Changpeng Zhao over regulatory violations. Binance, which claims to have 128 million users, offers spot and derivatives trading, as well as NFTs and crypto loans. Binance.com is the world's largest cryptocurrency exchange.
Binance, CEO Face Legal Action From US Regulator Over Crypto Exchange Practices
Binance, the world's largest cryptocurrency exchange, and its CEO, Changpeng Zhao, are being sued by the US Commodity Futures Trading Commission (CFTC) for operating an "illegal" exchange and "sham" compliance program. The CFTC alleges that Binance offered and executed commodity derivatives transactions on behalf of US persons in violation of US laws.
XRP Lawsuit Summary Judgment May Land This Week, Suggests Case Insider
According to attorney John Deaton, who has been appointed as an Amicus curiae in the XRP lawsuit, a ruling by the Judge is expected to be issued in the next few weeks.
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