Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says
100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said Source
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DOJ Director Choi Says Regulator Will Crackdown on Illicit Behavior in Crypto Trading: FT
Eun Young Choi, director of the National Cryptocurrency Enforcement Team (NCET), said the DOJ is targeting crypto exchanges that allow "criminal actors to easily profit from their crimes and cash out," as a means of fighting crypto crime which she said has grown "significantly" in the last four years. Source
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Coinbase’s SEC Complaint Draws Allies Depicting U.S. Regulator as Crypto Bully
Crypto insiders are tying themselves to Coinbase (COIN) as the company seeks to blow up the U.S. Securities and Exchange Commission’s (SEC) “come in and register” crusade aimed at the digital assets sector. Source
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Crypto Exchange Bit4You’s Affairs in Doubt Before CoinLoan Collapse, Belgian Regulator FSMA Says
FSMA had “informed the public prosecutor of irregularities noted in regard to the former management” while assessing the company’s application under money-laundering rules, the statement said, adding that the company had been “forced to modify all its governance structures” as a result of the regulator’s findings. Source
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Robinhood returns to court to defend position in case brought by US state regulator
Lawyers representing cryptocurrency and stock trading app Robinhood faced off against those for the secretary of the commonwealth of Massachusetts over the legality of a state regulation that could affect how the company markets itself to potential investors.Under Secretary of the Commonwealth of Massachusetts William Galvin, the office's securities division
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3AC Founders’ OPNX Bankruptcy Claims Exchange Formally Reprimanded by Dubai Crypto Regulator VARA
The letter was sent on April 18 to OPNX's Kyle Davies and Su Zhu, who are also the founders of 3AC, after two cease-and-desist orders for marketing the exchange to residents of Dubai and the United Arab Emirates were issued by the regulator in February and March. Source
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Hong Kong regulator requires banks to open accounts for crypto firms
The Hong Kong Monetary Authority (HKMA), the city’s central banking institution and regulator, has called on banks to provide their services to cryptocurrency firms.On April 27, HKMA issued a circular related to the access of corporate customers to banking services. In the document, the regulator has required authorized institutions, referred
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Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult. Source
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Hong Kong security regulator to issue crypto license guidelines in May
The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on Thursday. The incoming guidelines will provide support to crypto trading platforms that
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French Regulator Floats 'Fast-Track' Registration for Incumbents as MiCA Rules Bed in
EU countries are making the transition to a tough new crypto regime set by Brussels. Source
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