Cryptocurrency Analysis and News Portal
Despite Gensler’s assurances, the perception of crypto regulation in the U.S. has been that it is disjointed, with no single federal regulator assigned to the overall industry. The SEC oversees securities and has spent years filing enforcement actions against initial coin offering tokens and startups accused of violating federal securities
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Sorare, the fast-growing European fantasy soccer and digital collectible platform, is being investigated by the UK Gambling Commission.The gambling watchdog of the United Kingdom warned in a consumer information notice dated Oct. 8 that Sorare’s business operates “outside of the gambling regulations that a licensed operator should comply with” and
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Binance has announced that it is terminating some services in South Africa to comply with regulations. This move followed a warning issued by the South African financial regulator that Binance Group was not authorized to give any financial advice or render any intermediary services in the country. Binance Ceases Some Services
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A Vancouver-based data center and power firm could face a $7.1 million fine from the Alberta Utilities Commission (AUC) for setting up two sites in the Canadian province without permission.Link Global set up a site in Sturgeon County using dormant natural gas without notifying the AUC, according to a CBC
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On Friday, the U.S. Securities and Exchange Commission (SEC) has delayed four bitcoin exchange-traded funds (ETF) deadlines for another 45 days. The regulator notes that the entity needs more time to decide on the ETF applications. Global X, Kryptoin, Valkyrie, Wisdomtree Bitcoin ETF Deadlines Extended The Kryptoin Bitcoin ETF, Global X Bitcoin
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French stock market regulator, the Autorité des Marchés Financiers (AMF), continues monitoring the cryptocurrency market to warn investors about unauthorized crypto services.On Friday, AMF updated its web portals, identifying those that offer crypto and foreign exchange (forex) investments through unauthorized entities. The list included four websites related to cryptocurrency derivatives investments
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DBS Bank’s brokerage arm, DBS Vickers (DBSV), has been granted a license to operate as a Major Payment Institution from the Monetary Authority of Singapore (MAS).The broker says its license enables it to provide its services in the city-state through its DBS Digital Exchange (DDEx), according to a press release
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Coinbase CEO Brian Armstrong has stated that SEC won’t meet
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If nominated and confirmed, Omarova will be the first full-term Comptroller since Joseph Otting, who headed up the federal bank regulator between 2017 and 2020. Former Acting Comptroller Brian Brooks took over the regulator last year, overseeing a handful of guidance letters and conditional approvals allowing crypto companies to have
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Kim Kardashian has been singled out by the U.K.’s Financial Conduct Authority (FCA) for pumping a crypto token that could put investors at risk. With 250 million Instagram followers, the FCA chairman said that Kardashian’s cryptocurrency promotion “may have been the financial promotion with the single biggest audience reach in
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