Ad Crypto exchange Kraken has plans to launch its bank, The Blocks reported March 6. According to the report, the crypto firm continues its plans despite the recent regulatory issues plaguing the indu...
Tag: Regulatory
Kraken continues bank launch plans amid regulatory hurdles
Kraken is still steadfast in launching its bank, despite facing a harsh regulatory landscape and several charges of violating securities laws by the US Securities and Exchange Commission. According t...
Australia Crypto Laws Still Far Off Despite Regulatory Urgency
Based on Treasury documents cited by media reports, a rounded crypto regulatory framework will not be implemented in Australia until after this year. The Australian Financial Review revealed Treasury ...
Kraken is on track to launch bank ‘very soon’ despite regulatory ‘weird place’
Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment and the recent shuttering of its on-chain staking services for U.S. clients to settle U.S. Securit...
Binance Wanted to Bypass US Regulatory Scrutiny Shows Report
Amid the major fallout of several firms in the crypto space last year, the U.S. Securities and Exchange Commission (SEC) has increased its scrutiny in the crypto space. The latest report from Wall Str...
Bitcoin On-Chain Activities Are Soaring Against the Regulatory Tide: Report ⋆ ZyCrypto
Advertisement     The introduction of NFTs on the blockchain has increased on-chain transactions to record highs. The rising network usage comes despite the heavy-hand...
BUSD Active Address Plunges By 60% Following Regulatory Crackdown
Binance USD (BUSD) has suffered a steep decline in active addresses following the regulatory crackdown by U.S. authorities. This development continues a series of dips within the Binance ecosystem in ...
Brian Armstrong seeks a clear regulatory framework
The US Securities and Exchange Commission continues investigating platforms that have broken the law by putting investors and their funds at risk. All of it comes down to categorizing their staking se...
Binance’s Stablecoin BUSD Takes a Hit As Investors Liquidated $6 Billion Due to Rising Regulatory Concerns
Binance, the world’s largest cryptocurrency exchange, is facing increased regulatory trouble from the U.S. Securities and Exchange Commission (SEC). The SEC has reportedly been investigating Binance’s...
Silvergate may be poorly capitalized, reevaluating strategy in light of ‘regulatory challenges’
Silvergate Capital Corporation told the U.S. Securities and Exchange Commission that it may be “less than well-capitalized” and said it was “reevaluating its business” in a filing with the agenc...
France Tightens Crypto Regulatory Environment
The French National Assembly has voted on new measures for crypto regulation, requiring a new set of compliance frameworks for new crypto firms registering operation in the country. As market turmoil ...
War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says
Ukraine continues working on cryptocurrency legislation a year after Russia’s invasion. According to Yurii Boiko, commissioner of Ukraine’s National Commission on Securities and Stock Market (NCSSM), ...
G20 To Establish Standards For Global Crypto Regulatory Framework
It was announced on February 25 by the group of the 20 largest economies in the world, known collectively as the G20, that the Financial Stability Board (FSB), the International Monetary Fund (IMF), a...
Visa, Mastercard Delay Crypto Plans Amid Regulatory Scrutiny
Visa and Mastercard, two of the world’s largest payment companies, have halted their plans to partner with crypto firms following the string of high-profile collapses that have rocked the industry and...
Binance USD Stablecoin Gets Booted Off Coinbase Amid Mounting Regulatory Pressure ⋆ ZyCrypto
Advertisement     San Francisco-based cryptocurrency exchange Coinbase is kicking Binance USD (BUSD) off its platform. Coinbase cited failure to meet its listing stand...
Coinbase to Delist Binance USD Stablecoin Amid Regulatory Scrutiny
Cryptocurrency exchange Coinbase warned customers Monday the company will suspend trading for Binance USD in less than a month, two weeks after Paxos Trust disclosed it will stop minting the Binance-b...
Coinbase to suspend BUSD trading due to regulatory crackdown
Coinbase, the second-biggest crypto exchange by trading volume, announced the suspension of BUSD trading. The exchange has also delisted the Paxos-backed stablecoin from the platform. Paxos recently r...
Bitcoin bulls remain in charge even in the face of increasing regulatory FUD
Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain. At the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vas...
Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown – Bitcoin News
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Fina...
European Union is welcoming crypto amid regulatory crackdown in U.S.
Europe is opening its doors to crypto amid the regulatory crackdown on crypto firms in the United States. European officials are pitching the EU as a friendly place for crypto firms to set up their bu...
Treasury Secretary Janet Yellen Says US Working With Other Countries on Crypto Regulatory Framework: Report
Treasury Secretary Janet Yellen reportedly says the US government is joining hands with other nations to regulate crypto assets. Although the US has not proposed banning crypto, Yellen says it is crit...
Ripple Executive Claims Europe’s Regulatory Framework is Leaving America Behind
Alex Dovbnya Susan Friedman, an international policy counsel at the blockchain firm, claims that the US regulatory landscape is fragmented The world of cryptocurrency regulation continues to evolve, w...
Global Crypto Regulatory Framework To Be Introduced Soon – Here’s What To Expect
At the recent G20 finance ministers’ meeting in Bengaluru, India, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, expressed the agency’s preference for regulating...
U.S. Treasury Janet Yellen calls for ‘strong regulatory framework’ for crypto activities
United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25. Speaking to Reuters, Yellen s...
Crypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators: JPMorgan
Its actions have also shown the SEC’s bias in viewing most crypto, with maybe bitcoin (BTC) as the only exception, as securities, the report said. It noted that SEC Chair Gary Gensler started pushing ...
Billions of BUSD Stablecoin Being Burned Amid Regulatory Crackdown
4 hours ago | 2 mins read Editors News Earlier Paxos burned more than $700 million of BUSD tokens. Binance intends to move an astounding 2 billion BUSD stablecoin to a dead wallet. As per the crypto w...
Coinbase Says It Will Be ‘Net Beneficiary’ Amid Heightened Regulatory Scrutiny
Coinbase, the leading cryptocurrency exchange in the U.S., took an opportunity to address the current regulatory landscape in its Q4 2022 earnings report released Tuesday, saying it is in a strong pos...
Binance Targeted By South Korea After US Regulatory Action
Crypto exchange Binance’s entry into the South Korean crypto market has raised concerns amid financial authorities in the country. The world’s largest exchange Binance acquired a majority stake in Sou...
Binance.US Acquisition of Voyager Assets Faces Regulatory Opposition
Binance.US’s $1.02 billion acquisition of Voyager is facing regulatory opposition. The SEC stems from concerns about the deal’s potential risks and legal violations. The opposition from regulators und...
Nvidia Swaps Sides from Opposing Microsoft to Offering ‘Full Support’ for Regulatory Approval of Activision Blizzard Acquisition
Microsoft is expanding its gaming unit to pacify opposers and prevent the Activision Blizzard takeover from being obstructed. After initially opposing tech giant Microsoft (NASDAQ: MSFT) over acquirin...
Institutional investors pull back from crypto amid regulatory crackdown
In the aftermath of the regulatory crackdown in the United States, institutional investors may have gotten the jitters on cryptocurrency. As a result, digital asset investment products had the highest...
Crypto Exchange CEO Criticizes Regulators Over Their Regulatory Measures
The United States Securities and Exchange Commission (SEC) has been cracking down on some prominent crypto firms. The regulator tackled Binance and Kraken crypto exchanges within a very short period. ...