CFTC INVESTIGATORS ALLEGE CELSIUS AND ITS FORMER CEO BREACHED US RULES PRIOR TO ITS COLLAPSE |1300 HKT | 0600 UKT | 6 July 2023

by Александр Пирогов | Jul 6, 2023 | Blog News

The US Commodity Futures Trading Commission (CFTC) has determined that the bankrupt crypto lender, Celsius Network and its former CEO Alex Mashinsky breached US regulations prior to the company’s collapse, according to Bloomberg’s report. If a majority of the CFTC’s...

BINANCE AND BINANCE.US WITNESS SHARP MARKET SHARE DROP AMIDST REGULATORY HURDLES |1300 HKT | 0600 UKT | 6 July 2023

by Александр Пирогов | Jul 6, 2023 | Blog News

In the face of regulatory hurdles, crypto exchange Binance and its US arm Binance.US have both experienced significant market share declines this year. The ongoing lawsuit filed by the US Securities and Exchange Commission (SEC) has led Binance’s global market share...

MAS RELEASES NEW INVESTOR PROTECTION MEASURES, REQUIRING CRYPTO FIRMS TO HOLD CUSTOMER ASSETS IN TRUST BY YEAR-END |1300 HKT | 0600 UKT | 5 July 2023

by Александр Пирогов | Jul 6, 2023 | Blog News

The Monetary Authority of Singapore (MAS) unveiled regulations on 3 July, requiring cryptocurrency service providers to hold customer assets in statutory trusts by the end of the year. These measures aim to guard against the potential loss or misuse of customers...

THAI REGULATOR PROHIBITS VASPS FROM USING CLIENTS’ FUNDS FOR LENDING |1300 HKT | 0600 UKT | 5 July 2023

by Александр Пирогов | Jul 6, 2023 | Blog News

Thailand’s Securities and Exchange Commission (SEC) has set forth the latest investor protection regulations targeting digital asset service providers. The new rules mandate these platforms to prominently display a trading risks disclaimer warning the customers of the...

UK FINANCIAL SERVICES MINISTER EMPHASISES NEED FOR PRUDENCE ON POSSIBLE DIGITAL POUND LAUNCH |1300 HKT | 0600 UKT | 5 July 2023

by Александр Пирогов | Jul 6, 2023 | Blog News

UK Financial Services Minister Andrew Griffith called for a careful approach towards the introduction of a digital pound on 4 July, citing privacy concerns. The finance ministry has begun a joint public consultation with the Bank of England on the potential launch of...

BITCOIN HITS ONE-YEAR HIGH AS NASDAQ REFILES BLACKROCK’S BITCOIN ETF APPLICATION |1300 HKT | 0600 UKT | 4 July 2023

by Александр Пирогов | Jul 4, 2023 | Blog News

Bitcoin reached its highest level in over a year on 3 July, with the price hitting $31,250. This surge has been spurred by efforts from BlackRock and Nasdaq towards launching a Bitcoin exchange-traded fund (ETF). In response to the concerns raised by the Securities...