Category Archive: Cryptocurrency, No picture
KuCoin Announces Upcoming KYC Authentication Requirements
KuCoin, a leading cryptocurrency exchange with over 27 million users around the world, has announced an immediate upgrade to its Know Your Customer (KYC) verification protocols. This move, effective from July 15, 2023, is aimed at aligning with global compliance norms, creating a safer trading environment and enhancing the security of user accounts. Johnny Lyu, […]
Japan Joins Singapore’s Project Guardian in Global FinTech Collaboration
The Japan Financial Services Authority (FSA) joins the list of financial institutions to be taking a collaborative role in Project Guardian, a digital assets initiative launched by the Monetary Authority of Singapore (MAS). Japan joins HSBC, the Bank for International Settlements (BIS) and other industry leaders thanks to the 2017 Co-operation Framework with Singapore, aimed […]
Bitfinex Unveils P2P Trading Platform in Latin America
Bitfinex, a digital asset trading platform, is continuing to foster financial self-reliance and accessibility in Latin America. With the initiative Bitfinex P2P, users in Venezuela, Argentina, and Colombia can start easily trading peer-to-peer: “By offering a reliable and efficient platform for P2P token trading, we are empowering our customers to engage with the marketplace in […]
EU Wants Unbacked Crypto Out of TradFi Institutions
The EU is charting new territory with its advanced bank capital policy, which now includes regulations for digital currencies. The policy development emerged from a meeting involving the European Parliament, Member-State governments and the European Commission: On Tuesday 27/06 @EP_Economics negotiators struck a dealon changes to Capital Requirements Regulation & Directive #CRR & #CRD @jonasfernandez […]
Binance’s Request to Modify SEC’s Language Denied by Judge
Binance’s attempt to change the way the U.S. Securities and Exchange Commission’s (SEC) portrays Binance.US of handling of customer funds in a June 17 press releases was denied by a federal judge, a move the company feared could negatively influence its court proceedings. BAM Trading, operating as Binance.US, had expressed concerns over what they deemed as […]
FTX Owes its Customers A lot of Money: Internal Audit
Key Takeaways FTX released an internal audit that showed that FTX would strategically lie to auditors about its commingled funds. Over $7 billion in liquid assets have been recovered, with more in anticipation of being revealed. FTX, the infamous exchange that collapsed in November, is reportedly in debt to its customers for $8.7 billion, resulting […]
Terra Classic Renaissance? How Six Engineers Want to Revive LUNC
Key Takeaways A team called the Six Samurai look to revive what is left of the Terra Classic blockchain, one year after the collapse of Terra. If approved by the community, the team will work part-time in Q3 to improve various issues with Terra to eventually revive LUNC and the community. A revival blueprint for […]
Singapore’s Central Bank Pushes for Interoperable Tokenized Assets
The Monetary Authority of Singapore (MAS) has proposed an initiative to create an open and interoperable framework for tokenized digital assets in collaboration with the Bank for International Settlements (BIS), HSBC and other financial institutions. Built on the foundation of advancements in distributed ledger and smart contract technologies, the initiative, called Project Guardian, hopes to […]
Binance Prohibited from Operating in Belgium, Effective Immediately
Key Takeaways Belgium’s financial authority accused Binance of operating outside of European Economic Area countries, which is illegal in Belgium. Binance will have to halt services immediately while it works on complying with Belgium laws, as well as be in accordance with the upcoming MiCA regulations. Belgium’s Financial Services and Markets Authority (FSMA) has ordered […]
Crypto.com Secures Regulatory Approval in Spain
Crypto.com, a cryptocurrency exchange servicing over 50 million customers, announced on Friday that it has successfully secured its virtual asset service provider (VASP) registration from the Bank of Spain. This registration, achieved after a rigorous evaluation of its compliance with the Anti-Money Laundering Directive (AMLD) and other finance-related laws, also involved a review of its […]
