OKX Realigns US Compliance Team as Top Priority
The offshore exchange OKX has elevated its U.S. compliance staff to the highest echelon of the company. A strategic change brought about by growing regulatory monitoring of Bitcoin exchanges for their anti-money laundering policies is that the department now commands priority over all other divisions. The restructuring of OKX is in line with a larger […]
HKVAEX Withdraws License Application to Hong Kong SFC
HKVAEX, a crypto exchange purportedly associated with Binance, withdrew its license application to the Securities and Futures Commission of Hong Kong (SFC) on March 28, nearly three months after the filing. The SFC had established February 29 as the application deadline for operational licenses in the region for all cryptocurrency exchanges. HKVAEX, a cryptocurrency exchange […]
Bithumb Reassesses IPO Amidst Strategic Shifts and Corporate Stability
In a surprising turn of events, Bithumb, South Korea’s renowned cryptocurrency exchange, has postponed its much-anticipated initial public offering (IPO). This decision marks a shift from its previously reported plans to spin off its business and undergo corporate restructuring. The exchange, which stands as a significant pillar in South Korea’s cryptocurrency market, has decided to […]
Bybit Expands to the Netherlands with Bybit.nl and Satos Partnership
Bybit announces the launch of Bybit.nl, a new Dutch platform in collaboration with local bitcoin firm Satos, enhancing crypto trading services in compliance with European regulations. Bybit, a leading crypto exchange, has broadened its European footprint by unveiling Bybit.nl, its Dutch subsidiary, in a strategic alliance with the Netherlands-based bitcoin firm, Satos. This expansion, announced on […]
Coinbase Stands Firm as SEC Case Advances, Wallet Claims Dropped
In a legal showdown with the SEC, Coinbase remains steadfast as the court allows the case to proceed, yet drops claims against the Coinbase Wallet, signaling a nuanced victory for the crypto exchange. In a pivotal legal development, US District Judge Katherine Failla has ruled in favor of the SEC’s right to continue its case against prominent […]