Cryptocurrency Analysis and News Portal
Transfero, a major fiat onramp provider in Latin America, has partnered with the cryptocurrency trading technology company Finery Markets to launch an institutional over-the-counter (OTC) cryptocurrency trading desk, Finery Markets announced Friday. Per an announcement shared with crypto.news, the partnership will allow Transfero — which operates the Brazilian Real and Argentine
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Analysts say suspicious coin swap services are trying to maintain “an aura of legitimacy” by requiring clients to agree to fake AML policies. Russian coin swap services are posing “significant” sanctions and anti-money laundering (AML) risks as they do not rely on real AML policies, although they are trying to convince
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South Korean regulators are currently monitoring the trading in the OTC crypto market to avoid its criminal use. The South Korean Supreme Prosecutors’ Office Criminal Law Academy held a session focusing on virtual currencies’ challenges and issues in light of rising crimes involving virtual currencies, such as fraud and money laundering. Deputy
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South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about its use for criminal activities. The financial regulators in the country are reportedly monitoring the OTC crypto market trades.According to a report published in a local daily, deputy chief prosecutor Ki No-Seong and Park
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a move to streamline its buy, sell & convert service, Binance.US has announced a reduction in the number of supported convert trading pairs, bringing the total to 226. The announcement came amid the complaint filed by
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OTC Markets, a well-established name in the trading of penny stocks and other securities outside of the major exchanges, is counting itself among the firms “actually trying to do things under what the SEC has put out there so far, as opposed to pushing back, saying we don’t fit under
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The ability to trade bilateral options tied to cryptocurrencies with Galaxy removes credit risk, which is normally associated with traditional OTC options trades, Galaxy said in a statement. This is because users send their collateral to a smart contract rather than to a counterparty, making the user less exposed to
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Attacker behind a fake HitBTC website might have stolen $15M worth of crypto from multiple scams and phishing attacks Source
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If the US SEC classifies cryptocurrencies as securities, OTC Markes will be well-positioned in providing liquidity to these assets in the future. During its earnings call earlier this week, OTC Markets announced that it has secured FINRA approval in order to provide services for digital assets as securities. This is
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The United States Treasury Department has identified over-the-counter (OTC) cryptocurrency traders who assisted North Korea’s Lazarus Group in converting stolen crypto into fiat currency. Crypto traders in China and Hong Kong have been sanctioned by the Treasury’s Office of Foreign Assets Control (OFAC). In addition, a China-based banker was sanctioned
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