Binance, the world’s largest cryptocurrency exchange, has become the first fully licensed crypto exchange in El Salvador. In a Tuesday announcement, the company said it has been granted a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first non-provisional Digital Assets Services Provider license (DASP) by the National Commission […]
The Indonesian Supreme Court officially inaugurated Hasan Fawzi and Agusman as the Board of Commissioners (DK) of the Financial Services Authority (OJK) for the 2023-2028 period on Wednesday, 9 August 2023. Hasan officially filled the position of Chief Executive Supervisor in the realm of technological innovation in the financial sector, digital financial assets and crypto […]
Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “The current mission of the SEC is not to protect small investors,” the billionaire asserted. “Their goal is to litigate. And litigate more. And litigate more.” […]
The Futures and Commodity Trading Regulatory Agency (Bappebti) will inaugurate the Indonesian crypto exchange which is scheduled for July 2023. Bappebti head Didid Noordiatmoko said that once the exchange is launched, all crypto transactions can only be done through the exchange. “Yesterday we agreed on the stock exchange rules. So the know your customer (KYC) process and […]
Ukrainian regulators are prepared to start taxing crypto gains at 18% from 2024, with lawmakers set to vote on proposals this fall. Per Forbes Ukraine, the National Commission for Securities and the Stock Market is set to unveil a draft law, which will be set before lawmakers at the next parliamentary session. The market regulator’s proposals include creating a […]
Binance, the world’s largest cryptocurrency exchange by trading volume, has been ordered to cease operations in Nigeria by the country’s Securities and Exchange Commission (SEC). In a recent statement, the regulator declared the operations of Binance “illegal” in the West African nation, stating that the cryptocurrency exchange was neither registered nor regulated by the commission. “Any […]
Recent market updates reveal that crypto exchange OKX targets France as its European regional hub. Moreover, the trading company plans to employ 100 individuals within three years. That comes as the exchange seeks to join other (74) firms that have already acquired certification from the nation’s AMF (Financial Markets Authority). The trading company has applied to become […]
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the lower house of […]
Bittrex already announced its intention to exit the U.S., but also faces an SEC enforcement action. Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). The […]
Binance’s Australian derivatives license was canceled at the request of the crypto exchange itself. The Australian Securities & Investments Commission (ASIC) announced this after regulators began a targeted review of Binance in February. Starting April 14th, Binance derivatives clients in Australia will not be able to open or upgrade their existing trading positions. On April […]