Sources: SEC Chair, CFTC will be scrutinized over crypto bill
The U.S. SEC Chairman, Gary Gensler, has come under fire for how he has handled the cryptocurrency industry. Many influential figures have spoken out in favor of clear restrictions on digital assets. According to Fox Business Journalist Eleanor Terrett, the SEC Chair will be subject to testimony. She did, however, add that according to her […]
US Congressman to inspect all Binance US consumer safety files
A Subcommittee chairman reached out to the CEO of Binance US for documentation to assess investor protections. An urgent request for official paperwork demonstrating the exchange’s compliance with several investor-centric safety protocols was made in a letter to Brian Shroder, president and CEO of Binance US . The US House Committee on Oversight and Government […]
Paraguayan president vetoes bill regulating cryptocurrencies
As the country’s mining industry continues to grow as a result of cheap energy costs, the law was adopted by the Paraguayan Senate in July. On Monday, Mario Abdo Bentez, the Paraguayan president, vetoed a bill that attempted to classify bitcoin mining as an economic endeavor. He reasoned that the development of a nationally sustainable […]
Busan City declares partnership with FTX to create local exchange
The “Blockchain” city of Busan in South Korea keeps forging alliances to promote the development of the cryptocurrency sector. The second-largest city in South Korea , Busan, has declared a partnership with cryptocurrency trading platform FTX in order to establish a local cryptocurrency exchange and promote blockchain innovation. According to a formal announcement made on […]
Thai SEC claims CTO of Bitkub engaged in insider trading
The Thai financial regulator stated that Mr. Wajanasathian’s actions were illegal since they constituted the purchase of KUB coins by someone who had inside knowledge or information. The Thai Securities and Exchange Commission (SEC) has launched enforcement actions against Bitkub’s chief technology officer for allegedly exploiting insider knowledge to buy Bitkub Coin (KUB). The SEC […]