France is hoping to set itself up as a crypto hub, and companies such as Binance and Bitstamp have already successfully registered with France’s Financial Markets Authority (AMF). Registration involve...
Tag: firms
France’s National Assembly approves stricter licensing rules for crypto firms
France has taken a significant step towards implementing new cryptocurrency regulations, with the National Assembly voting in favor of stricter licensing rules for crypto firms. The move aims to bring...
Investment surges in DIFC FinTech firms ahead of Dubai FinTech Summit
Investment in DIFC’s FinTech and innovation community exceeded USD615 mn in 2022. First edition of Dubai FinTech Summit, organised by DIFC, set to convene over 5,000 international experts and policyma...
UAE emirate to launch free zone for digital and virtual asset firms
Ras Al Khaimah, one of the United Arab Emirate’s (UAE) seven Emirates, is set to launch a free zone for digital and virtual asset companies as the country’s approach to the industry continues to attra...
3D content giant Unity selects Web3 crypto firms for VSP…
World-leading 3D content creator Unity has included 13 top Web3 crypto gaming companies in its Verified Solutions Program (VSP). There are those who still talk of the crypto industry going to zero. Bu...
France passes new crypto registration rules for firms
The French National Assembly passed a set of licensing rules for crypto firms operating in the country as part of a broader bill aimed at harmonizing French law with European Union standards. Th...
Two Firms Counter Hack Over $198,000,000 Worth of Crypto From Wormhole Attacker
About $200 million in crypto assets have been counter-hacked from the entities responsible for the Wormhole bridge exploit, one of the biggest hacks in the industry’s history. According to decentraliz...
3AC liquidators to sell firm’s NFTs to realize value amid bankruptcy
Nonfungible tokens (NFTs) belonging to the bankrupt hedge fund Three Arrows Capital (3AC) will be sold by its liquidators Teneo, according to a recent announcement. In a notice dated Feb. 22, joint l...
Tencent Cloud signs multiple collaboration agreements with blockchain firms
Tencent Cloud has concluded multiple agreements with blockchain firms to support the active development of the Web3 ecosystem, the cloud computing branch of Chinese internet giant Tencent announced in...
Institutional Crypto Firms Accumulating Large Amounts of Ethereum-Based Decentralized Exchange Token: On-Chain Data
Two crypto firms are scooping up large amounts of one fast-rising decentralized exchange (DEX) token, according to on-chain data from the Arbitrum blockchain. According to blockchain tracker LookOnCha...
Moody’s downgrades Silvergate, with outlook still negative even as big firms buy shares
Moody’s downgraded the ratings of Silvergate Capital and its bank subsidiary Silvergate Bank following the downgrade of its standalone Baseline Credit Assessment to b2 from ba3. Silvergate...
More Crypto Firms Threatened With Layoffs and Bankruptcies
The stablecoins crisis is having a ripple effect on the crypto industry. Events in 2022 exposed how intertwined stakeholders have become in the crypto industry. Large crypto firms are taking drastic m...
PCAOB Receives Pressure to Act as Crypto Firms’ Audit Supervisor
Public Company Accounting Oversight Board (PCAOB) faces pressure to act as cryptocurrency firms’ audit supervisor. This is due to the fact that the majority of cryptocurrencies in the US are unregulat...
Multi-million dollar transfers to CZ firms confused Catherine Coley
Reuters has reported that Binance directed over $400 million to be transferred from Binance US’s account at Silvergate bank to Merit Peak, a firm controlled by Changpeng Zhao (CZ). The transfers repor...
Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations – Regulation Bitcoin News
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transf...
SEC plans to propose new rule changes that could impact crypto firms
According to recent reports, the United States Securities and Exchange Commission (SEC) intends to propose new regulation changes this week that might have an effect on the kind of services that crypt...
Gensler opens new regulatory front for crypto firms: custody
SEC Chair Gary Gensler signaled an escalation to his post-FTX crackdown on the crypto industry on Wednesday, saying that digital asset firms are in broad violation of current custodial rules meant to ...
A New Guidance is Announced for South Korea’s Crypto Firms
South Korea, mostly famous for its K-pop industry, framed guidance that defines which type of digital assets will come under securities in the country. The Financial Services Commission (FSC) said tha...
SEC custody rule change threatens crypto firms
The Securities and Exchange Commission (SEC) is proposing a modification to the custody rule for investment advisors holding client assets that would reduce choices for advisors managing cryptocurrenc...
Banks limit deals with crypto firms amid rising regulation
As per an S&P report, banks have started limiting their interactions with crypto firms. However, firms like Coinbase will continue operations as normal. Banks in the traditional finance sector ar...
No Registration Form on SEC Website For Crypto Firms, Pro-XRP Attorney Claims
Pro-XRP Attorney Sarcastically Trolls Gary Gensler Amid SEC’s Recent Enforcement Actions. Attorney Hogan takes a subtle swipe at Gensler. In a tweet, attorney Jeremy Hogan, a Partner at Hogan & Ho...
All Crypto ATM Firms in UK Are Illegal, Says FCA
It hasn’t been up to two months since Elliptic, a blockchain analytics firm, published a report detailing its prediction for crypto regulations this year. The firm said 2023 would see increased sancti...
SEC’s new proposal affects crypto firms and hedge funds: Here’s why
The SEC is reportedly planning to propose a rule change for crypto firms on 15 February. The proposal would make it harder for crypto firms to become qualified custodians for hedge funds, pension fund...
US SEC to vote on new rule overseeing crypto firms as qualified custodians
Per a recent Bloomberg report, the commission is working on a draft proposal that would make it difficult for crypto firms to operate as “qualified custodians”. The US Securities and Exchange Commissi...
SEC To Propose New Rules For Services Rendered By Crypto Firms
The crypto space is apprehensive due to the recent enforcement actions by U.S. regulators on some firms. One of the latest reports is about Paxos Trust company, the issuer of Binance USD stablecoin. T...
DBS Bank and Huobi Latest Crypto Firms to Head to Hong Kong
Notable businesses like Huobi exchange and DBS bank are planning to expand to Hong Kong. The country is trying to attract businesses with its robust regulatory framework. Hong Kong is becoming the lat...
At Tesla and Other Big Tech Firms, It’s Not the Machines But the Assumptions Behind Them Causing Problems
Output of an Artificial Intelligence system from Google Vision, performing Facial Recognition on a … [+] photograph of a man, with facial features identified and facial bounding boxes present, S...