Hong Kong Plans Tighter Regulations For OTC Crypto Services
To prevent fraud and money laundering, Hong Kong intends to impose stringent regulations on over-the-counter crypto service providers. As Hong Kong advances toward its goal of becoming the crypto center of Asia, regulators are acting swiftly to thwart any suspicious over-the-counter (OTC) crypto trading activities. Cryptocurrency Shops in Hong Kong Face Closure Due to Crackdown […]
Genesis Global Clashes With DCG Over Creditor Repayment
Genesis’ ongoing dispute with its parent company, DCG, potentially raises Concerns for Creditor Repayment Lawsuit. Due to the bankruptcy of the cryptocurrency exchange Genesis, market sentiment had deteriorated. The insolvent cryptocurrency exchange will be nursing yet another sore tooth ahead of the court case. Genesis has yet to determine the legal course of action regarding […]
OANDA Receives Approval to Offer Crypto Trading in UK
OANDA Crypto, a U.S.-based cryptocurrency brokerage firm, is preparing to launch crypto trading services in the UK, offering 63 crypto trading pairs to begin with and expand its services further. With the intention of incorporating additional features and tokens in the future, the novel cryptocurrency trading platform will provide trading services for more than 63 […]
FTX Europe Founders to Repurchase for $32.7 Million
FTX Europe, which SBF acquired for $323 million approximately three years ago, will be resold to its founders for $32.7 million. A dispute regarding its European division has been resolved in the bankruptcy filing of FTX, which has returned the company to its former proprietors. As per a report by Reuters on February 24, FTX […]
Coinbase Defends Ethereum as a Commodity in Response to SEC
Coinbase has submitted a letter to the SEC, arguing that Ethereum is not a security but a commodity. The crypto exchange cited Ethereum’s consensus mechanism, governance, and market treatment as evidence. The letter is part of Coinbase’s ongoing dispute with the SEC over crypto regulation. The exchange has responded to the matter in question. On […]