Category: Regulation News

Switzerland’s GazpromBank Receives FINMA’s Approval To Provide Crypto Custody Services

A fully owned subsidiary of the private Russia-based Gazprombank (JSC) bank has received regulatory approval for rolling out institutional cryptocurrency services in Switzerland. According to the official announcement, the authorization from the Swiss Financial Market Supervisory Authority (FINMA) with which the platform will be able to offer cryptocurrency custody services as well as trading between […]

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China Cracks Down: How Will Tether Adapt to Tighter Enforcement?

The People’s Bank of China (PBoC) office in Huizhou City announced Thursday, October 23rd, that three gambling sites were shut down and 77 individuals were arrested in connection with alleged money laundering. The allegations involve the suspects taking advantage of Tether USDT, a cryptocurrency pegged to the US Dollar, in their attempts to “whitewash” or […]

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Ripple CEO Accuses U.S. Regulators of Favoring Chinese Technologies

Ripple’s dissent with regulators continues to grow further as CEO Brad Garlinghouse makes a fresh attack. In a series of tweets, Garlinhouse accused the regulators of the lack of clarity in crypto rules. He noted that this is like giving Chinese technologies a free pass over U.S. companies. Citing last week’s report by the Justice […]

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Regulatory Clean-Up Can Be Good For The Crypto Market – Fundstrat Advisors

Fundstrat Global Advisors has recently released a report backing the recent regulatory action in the crypto market. Fundstrat strategists – David Grider, Ken Xuan, and Tom Lee – wrote that regulatory clean-up is positive to ensure a free-market-oriented atmosphere in the crypto space. Regulators are active back again in the cryptocurrency market with a string […]

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UK Regulators Ban Crypto Derivatives To Retail Consumers

In a massive blow to the cryptocurrency derivatives market, the Financial Conduct Authority [FCA] has announced that it has published the final rules to ban the sale of derivatives and exchange-traded notes [ETNs] that reference certain types of crypto-assets to retail consumers. With this, the UK-based companies will no longer be able to offer cryptocurrency derivatives products […]

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SEC Chairman Jay Clayton Backs Innovation In Crypto, But Warns of Any Tricky Play

Speaking at an event by the Digital Chamber of Commerce, SEC Chairman Jay Clayton opened up his views about cryptocurrencies and blockchain. The U.S. Securities and Exchange Commission (SEC) has been going hard after crypto projects in the past. However, this time the SEC chief was in a bit different mood talking about innovation and […]

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“All Funds Are Safe”, BitMex Responds To CFTCs Recent Charges

In response to recent charges by CFTC Bitmex has released a blog assuring traders that the funds are safe and Bitmex will continue operating as usual. Bitmex team also responded through their official twitter handle and cleared doubts regarding the withdrawals and continuity of operations. United States CFTC & DOJ Filing Withdrawals Will Be Released […]

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Will Crypto Industry Flourish? Crypto Mom Once Again Elected As SEC Commissioner

Will Crypto Industry Flourish? Crypto Mom Once Again Elected As SEC Commissioner

Hester Peirce popularly known as the “Crypto Mom” just got elected as the Commissioner of the United States SEC, once again The crypto industry has been subject to scrutiny from authorities across the world. However, off-late, it seems as though the highest officials of different governments have began to understand the capabilities of the crypto-verse. […]

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