FTX has received court approval for the sale of $873 million in assets to repay creditors, marking a significant development in the crypto exchange's restructuring efforts. This move aims to address financial obligations and navigate challenges in the evolving cryptocurrency landscape.
- Nov 30, 2023 at 1:36 pm
Binance, a major cryptocurrency exchange, has announced plans for a "complete exit" from the United States market and will pay billions in settlements to the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), in addition to resolving issues with the Department of Justice (DOJ). This move comes amid increasing regulatory scrutiny on the cryptocurrency industry in the U.S., signaling a significant shift in Binance's operations.
- Nov 22, 2023 at 1:38 pm
Cryptocurrency exchange Kraken is facing allegations from the U.S. Securities and Exchange Commission (SEC) of violating securities laws. The SEC contends that Kraken failed to register its token sale, raising concerns about compliance within the rapidly evolving crypto regulatory landscape.
- Nov 21, 2023 at 12:47 pm
South Korean cryptocurrency exchange Bithumb is making strides to become the inaugural digital asset platform to be listed on the Korean Stock Market, signaling a significant development in the intersection of traditional finance and crypto.
- Nov 13, 2023 at 11:50 am
The bankruptcy court has granted approval for the shutdown of the U.S. operations of crypto exchange Bittrex. This decision marks a significant development in the cryptocurrency industry.
- Oct 31, 2023 at 12:37 pm
The Turkish government has announced its intent to complete comprehensive cryptocurrency regulations by the end of 2024. These regulations are part of Turkey's efforts to establish a clear framework for the cryptocurrency industry within the country.
- Oct 28, 2023 at 1:44 pm
Binance has launched its Hong Kong trading platform, named HKVAEX, in December 2022 and is actively pursuing a license in the region, as reported by sources familiar with the matter. This move marks Binance's efforts to expand its presence in the Asian market and comply with regulatory requirements.
- Oct 26, 2023 at 1:37 pm
Binance has halted new user registrations in the United Kingdom as part of its efforts to comply with evolving cryptocurrency regulations. This move reflects the increasing scrutiny and need for adherence to regulatory standards within the crypto industry in the UK.
- Oct 18, 2023 at 12:29 pm
The Australian federal government has announced its intention to impose new regulations, making it mandatory for cryptocurrency exchanges to acquire a financial services license. This move is aimed at enhancing oversight and ensuring compliance within the crypto industry, reflecting the growing need for regulatory measures in the digital asset space.
- Oct 16, 2023 at 12:38 pm