Crypto Exchange Beaxy Shuts Down Amid SEC Charges
The cryptocurrency platform Beaxy and its management have been charged by the Securities and Exchange Commission (SEC). The banking watchdog’s continuous, ruthless onslaught on crypto companies doing business in the United States continues with this latest move. The SEC also filed charges against Chicago-based Beaxy Digital Ltd. for allegedly generating $8 million through the sale […]
Australian crypto exchange considers Hong Kong setup
Independent Reserve, an Australian cryptocurrency exchange, is exploring the possibility of establishing a presence in Hong Kong as the city shows a “friendly” licensing regime towards crypto and cryptocurrency businesses. In an effort to become Asia’s next crypto hotspot, the Hong Kong Securities and Futures Commission (SFC) on February 20 suggested a licensing scheme for […]
Crypto Exchange OKX To Exit Canada By June 2023
Cryptocurrency exchange OKX will be ceasing its operations in Canada, and exiting the country by June 2023 due to “new regulations”. The Canadian users of the cryptocurrency exchange OKX were notified via email on March 20 that the company, claiming “new restrictions,” “would no longer provide services or enable users to establish new accounts in […]
Kraken Plans To Launch Its Own Bank
The staggered rollout of its Bank service in 2022 was already indicated on the website of the cryptocurrency exchange Kraken. Despite a challenging regulatory environment and several charges of breaking securities laws by the US Securities and Exchange Commission, Kraken is still committed to launching its bank. The launch is proceeding as planned, according to […]
Bybit sets to launch Mastercard debit card
Days after halting USD transfers on its platform, Bybit is set to introduce Mastercard-powered debit cards that will let customers utilize their cryptocurrency holdings to make purchases of goods and services and also to withdraw cash. When used to make purchases of goods and services, the Bybit Card will utilize the Mastercard network to enable […]