Crypto Exchange
FCA Restricts Rebuildingsociety.com, Impeding Binance's UK Compliance Efforts
The UK's Financial Conduct Authority (FCA) has imposed restrictions on Rebuildingsociety.com Ltd, a peer-to-peer lending platform, impacting its recent partnership with crypto exchange Binance for complying with the FCA's marketing regime. The regulation mandates firms to ensure transparent and fair marketing, affecting Binance’s strategy to serve the UK market. The move showcases the FCA's stringent stance towards ensuring marketing compliance, especially within the crypto sector.
Precedent Trial of SBF Engrosses Coinbase Executives as FTX Faces Judicial Scrutiny
The criminal trial against Sam Bankman-Fried (SBF) of FTX, slated to commence on October 4, 2023, under Judge Kaplan, has garnered attention from Coinbase executives, Brian Armstrong and Paul Grewal. Through Twitter, Grewal shared his extensive federal court experience and expectations for the jury selection process, sparking a broader discussion on legal procedures in high-profile crypto cases. The trial, amidst FTX's ongoing legal challenges, highlights the crypto industry's intricate regulatory landscape.
Crypto Exchange Thodex Founder Sentenced to Over 11,000 Years Amid Fraud Allegations
Thodex 's Faruk Fatih Özer has been sentenced to over 11,000 years by the Anatolian 9th High Criminal Court on fraud charges. The Turkish platform's abrupt 2021 shutdown left users without access to $2B in assets, leading to major international scrutiny.
Ripple Alert: Over 400M XRP Moved from Bitvavo-Connected Wallet
Whale Alert reported a $214.3 million XRP transaction on September 1, 2023, executed on the Ripple blockchain, causing widespread speculation and prompting Bitvavo, the Netherlands' largest cryptocurrency exchange, to reorganize its wallets.
FTX Crypto Exchange Suspends Claims Portal Access After Kroll Data Breach
FTX temporarily suspends user access to its claims portal following a cybersecurity breach at Kroll, overseeing FTX's bankruptcy proceedings. The breach exposed non-sensitive data of claimants. FTX remains confident in infrastructure security and advises affected individuals on precautionary measures.
HashKey Launches as HK's First Licensed Retail Crypto Exchange, Begins BTC and ETH Trading
HashKey Exchange, Hong Kong's first licensed retail virtual asset exchange, launched on 28 August 2023, offering direct bank transfers in USD and HKD, initial fiat trading pairs, and strict compliance with the Hong Kong Securities and Futures Commission.
Crypto Exchange Bittrex Settles with SEC for $24 Million
Bittrex settles with the SEC for $24 million over charges of operating as an unregistered broker and exchange.
Crypto Exchange Bitstamp to Suspend Trading AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL
Bitstamp will halt U.S. trading of AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL from August 29, 2023, amid regulatory considerations and expansion plans.
Binance Secures First Operational MVP License from Dubai's VARA
Binance has become the first to receive an Operational MVP License from Dubai's Virtual Assets Regulatory Authority (VARA), enabling regulated virtual asset services.
Thailand's SEC enhances investor protection with new cryptocurrency trading rules.
Thailand's Securities and Exchange Commission (SEC) has introduced new guidelines to strengthen investor protection in the cryptocurrency industry. The SEC has mandated clearer disclosure of risk warnings and restrictions on digital asset business operators' deposit and lending services.