Regulatory Compliance
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FDIC Issues Consent Order to Cross River Bank for Cryptocurrency Business Practices
According to reports, the Federal Deposit Insurance Corporation (FDIC) of the United States has issued a Consent Order to Cross River Bank, which is cryptocurrency friendly, regard
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Coinbase CEO Warns Against SEC Enforcement Action
According to reports, Coinbase CEO Brian Armstrong has warned the US Securities and Exchange Commission (SEC) that it is not in the interests of the United States to take enforceme
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Huobi’s HuoCoin Applies for Cryptocurrency Trading License in Hong Kong: What You Need to Know
On April 26th, it was announced that the cryptocurrency exchange, HuoCoin, had applied for a Hong Kong cryptocurrency trading license. HuoCoin\’s consultant and founder, Sun Yuchen,
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Cryptocurrency Banking: Understanding Fantom and Its Founder Andre Cronje
On April 23rd, Fantom founder Andre Cronje revealed that he is committed to the cryptopayment infrastructure project and has launched a closed beta version of the product. He plans
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The Detention of Terraform Labs Co-founder and CFO: A Closer Look
On April 22nd, the Podgorica Court in Montenegro announced on its website on Friday that the court approved an extension of the detention period for Korean cryptocurrency entrepren
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Investigating Binance Exchange: The Alleged Financial Crime
It is reported that the Brazilian Federal Prosecutor\’s Office and the federal police have launched an investigation into Binance Exchange on suspicion of financial crime. The inves
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Bitget Completes Registration for Cryptocurrency Business in Lithuania
On April 20th, it was announced that Bitget, a cryptocurrency trading platform, has completed the registration of Lithuania\’s cryptocurrency business. After completing the registra
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Kraken Becomes Third US Cryptocurrency Exchange to Register as VASP in EU Countries
According to reports, the US cryptocurrency exchange Kraken has registered a subsidiary of Payward Europe Solutions as a virtual asset service provider (VASP) with the Central Bank
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Why Mike Novogratz Doesn’t Want Bitcoin To Reach $1 Million
According to reports, Galaxy Digital founder Mike Novogratz stated in a recent interview that he does not want Bitcoin prices to reach $1 million. Specifically, he criticized a rec
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US SEC Appoints Deborah J. Jeffrey as Attorney General: What You Need to Know
According to reports, the US SEC has appointed Deborah J. Jeffrey as Attorney General, effective May 7, 2023. It is reported that the Office of the Inspector General is an independ
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Coinbase Adds DIMO to their Asset List: What You Need to Know
On April 11th, Coinbase announced the inclusion of Dimo (DIMO) in the roadmap asset list. It is reported that Coinbase has previously decided to list the assets that have been deci
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The Rise of USDT: Why Cryptocurrency Traders are Choosing It Over Other Stablecoins
According to reports, data shows that the circulating market value of USDT has exceeded $80 billion for the first time since May 2022, and has risen by $15 billion so far in 2023.
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Binance Australia: Setting the Record Straight
According to reports, Zhao Changpeng, CEO of Coin An, stated on social media that there were some erroneous information and confusion reported by the media about Binance Australia.
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The FTX Exchange and FTX Future Fund Go Bankrupt: What Happened and What’s Next?
On April 6th, it was reported that in November 2022, the FTX Exchange and its subsidiaries went bankrupt, which also led to the closure of its charity FTX Future Fund. This charity
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The Challenging Role of Global Chief Compliance Officer in the Cryptocurrency Industry
According to reports, Noah Perlman, the newly appointed Global Chief Compliance Officer of Coinage, stated that the regulatory environment facing the cryptocurrency industry makes
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Canadian Cryptocurrency Trading Platforms WonderFi, Coinsquare, and CoinSmart Announce Merger
According to reports, Canadian cryptocurrency trading platforms WonderFi (WNDR), Coinsquare, and CoinSmart have announced a merger to form one company. The three trading platforms
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On April 3rd, the Dubai based Crypto Exchange Bybit to Establish its Taiwan Business in Hong Kong
On April 3rd, the Dubai based crypto exchange Bybit said that the company was working hard to establish its core Asian business in Hong Kong and planned to locate some of its resea
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Market News: Coin Safety’s Canadian Subsidiary Submits Pre Registration Commitment to Regulatory Authority
According to reports, market news: The Canadian subsidiary of Coin Safety submitted a pre registration commitment to the regulatory authority.
Coin An Canada subsidiary submits a p -
Coinbase and Kraken Commit to Canadian Regulations and Stripe Executive Appointed as Canadian Director
According to reports, Coinbase stated in its latest blog post that it had signed an enhanced pre registration commitment with Canadian regulators on March 24th, and had appointed f
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Catherine Coley Hires James McDonald Amidst CFTC Investigation
According to reports, people familiar with the matter disclosed that Catherine Coley, the former CEO of Binance. US, has hired James McDonald, the founder of Sullivan&Cromwell, who