Bitget Receives Regulatory License to Operate in Poland
Bitget crypto exchange announced that it had registered as a virtual asset service provider (VASP) in Poland. The regulatory license enables Bitget to operate lawfully on the Polish market. Bitget obtained its VASP registration in Lithuania in April, allowing it to provide cryptocurrency-related services within and from the Baltic nation. Bitget’s managing director, Gracy Chen, […]
Court Filing Shows FTX 2.0 Reboot Plan in Progress
The new CEO of the insolvent cryptocurrency exchange FTX, John Ray III, is working on a reboot plan to relaunch the failed crypto exchange as FTX 2.0, according to the most recent court filings. A May 22nd court filing reveals that the FTX team detailed Ray’s contributions to the Chapter 11 bankruptcy in a compensation […]
Bitcoin of America Shuts Down Crypto ATMs Operation in Connecticut
Bitcoin of America, a crypto and Bitcoin ATMs provider, agreed with the Connecticut Department of Banking to cease operations due to the lack of a license as a money transmitter to operate Bitcoin ATM kiosks in the state. In a statement issued on May 22, the Department of Banking emphasized that Bitcoin of America lacked […]
Gemini Considers Forbearance Following DCG’s Delay in Payment
Crypto exchange Gemini is considering forbearance against its debtor Digital Currency Group (DCG) after the latter defaulted on a $630M debt payment. Gemini is contemplating a forbearance option against Digital Currency Group (DCG), which missed a $630 million repayment payment last week. When a lender grants forbearance, the consumer can temporarily reduce or suspend mortgage […]
Huobi Global to Seize Operations in Malaysia
Malaysia’s Securities regulator has ordered Huobi Global to stop all activities in the region following the latter’s refusal to register before operating there. According to a statement released by the Securities Commission Malaysia (SCM) on May 22, Huobi could not register as a cryptocurrency exchange operator and must cease operations. Additionally, the company has been […]