Wednesday, September 22, 2021
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Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations – Regulation Bitcoin News

The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges have met the requirements to offer trading

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Hong Kong landlords lease to crypto exchanges following regulatory clarity

Hongkong Land, a property landlord in Hong Kong, has leased out commercial office space to a local crypto-asset firm named HashKey Group following clarity around cryptocurrency regulations. Neil Anderson, Hongkong Land’s director, believes that the decision to lease commercial property to crypto businesses was heavily reliant on the recent crypto regulations

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FSC Regulatory Overhaul Expected to Shut Down 40 Crypto Exchanges in South Korea – Bitcoin News

A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might also affect holders of locally used “kimchi” coins, that

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Regulatory and privacy concerns trail SEC’s threat to Coinbase

Crypto lending products have come under scrutiny from security regulators in some jurisdictions across the United States. While these enforcement actions have come from agencies at the state level, there have been indications that the Securities and Exchange Commission (SEC) was also set to go on the offensive.Thus, it was

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SIX Swiss Exchange Receives Regulatory Approval to Launch Digital Asset Bourse – Regulation Bitcoin News

Switzerland’s stock exchange SIX has won regulatory approval to launch its long-awaited bourse for digital assets. This authorization enables the exchange “to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities.” SIX Digital Exchange Greenlighted to Launch SIX Digital Exchange (SDX)

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Regulatory Drama Aside, Crypto Derivatives Rise from the Ashes

For years, the cryptocurrency industry has had a complicated relationship with regulators. An example of regulatory pushback within the crypto space was when Facebook-backed Diem tried to launch its stablecoin. Regulatory limitations have undoubtedly had an impact on derivative brokers and exchanges. Just recently, Binance, one of the biggest exchanges,

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Binance limits SGD product offerings in Singapore amid regulatory warnings

Global cryptocurrency exchange Binance announced Sunday that it will roll back product offerings in Singapore amid warnings from financial regulators that the company may have violated payments laws. Beginning Sept. 9, Singaporeans will no longer be able to trade cryptocurrencies or receive payments denominated in the Singapore dollar, better known as

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BCH Defi Project Detoken to Close Its Doors Over Regulatory Climate Toward Crypto Derivatives – Defi Bitcoin News

On August 28, the Bitcoin Cash-based decentralized finance (defi) platform Detoken announced the project is closing its doors on September 4, 2021. The project’s founder, Semyon Germanovich, explained that the main reason for shutting the defi project down is because of the “changing regulatory outlook on cryptocurrency derivatives.” Defi Project Detoken

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$100M funding round for Binance.us falls through on regulatory concerns

Regulatory concerns surrounding Binance.us and its owner, Changpeng Zhou (CZ), have reportedly culminated in investors backing out of a $100 million funding round.The failed funding round also prompted Binance.us CEO Brian Brooks' surprise decision to step down after serving as its executive for just three months. Brooks, the former Acting Comptroller of the

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