Mango Markets Hires Personnel to Handle its US Regulatory Scrutiny
Mango Markets, a decentralized exchange, is gathering additional personnel to withstand the ongoing scrutiny of regulatory authorities in the United States, setting aside a budget of $250,000. On January 6, the decentralized autonomous organization operating the exchange intends to authorize a budget of $250,000 in USD Coin, according to a proposal on Mango’s governance forum. […]
ACE Exchange Founder David Pan Arrested for Crypto Fraud
In an exhaustive regulatory sweep of the company, ACE Exchange founder David Pan was arrested for cryptocurrency fraud. A recent development involves the apprehension of cryptocurrency fraud by the founder of ACE digital currency trading platforms, one of the top three virtual currency brokerage firms in Taiwan. In conjunction with their team, David Pan and […]
Coinbase Introduces UK User Risk Form For FCA Compliance
Coinbase introduces a risk acknowledgment form for UK users, aligning with FCA rules to boost informed crypto trading and investor protection. Users who claim to have received an email indicate that Coinbase has implemented a new requirement for its clients residing in the United Kingdom. They are now required to sign a risk acknowledgment form. […]
FTX to Recover Billions From Lawsuits And Realized Claims
FTX anticipates generating billions of dollars solely from legal claims and litigation amid its bankruptcy and organizational reorganization. FTX anticipates generating billions of dollars solely from legal claims and litigation amid its bankruptcy and organizational reorganization. A Wall Street Journal report indicates that the troubled cryptocurrency exchange is embroiled in over a dozen lawsuits. FTX […]
Bitget to Introduce Mandatory KYC Requirements
Bitget, the world’s 10th largest cryptocurrency exchange, is implementing comprehensive Know Your Customer (KYC) requirements for all English-speaking users. With effect from December 15, the security-enhancing measure complies with all applicable regulations to guarantee platform compliance. Bitget is executing its KYC procedures in two layers in response to customer requests and the demand for flexibility. […]