Regulation
Crypto Custodian Hex Trust Secures Dubai VASP License
Hong Kong-based institutional crypto asset custodian Hex Trust has successfully obtained a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced on Nov.15. The approval allows Hex Trust to offer virtual asset custodial services to investors and institutional clients in Dubai. The company also received a Minimal […]
SEC Asks Judge To Deny Coinbase’s Motion To Dismiss Lawsuit
On October 3, the US Securities and Exchange Commission (SEC) filed a petition with a New York District Court, asking the court to reject Coinbase’s motion to dismiss the lawsuit. The regulator stated that some of the crypto assets listed on the exchange qualify as investment contracts under the Howey Test. As a result, these […]
US Court Rejects SEC’s Request To Access Binance.US Software
A US federal judge has rejected the Securities and Exchange Commission’s request for access to Binance.US’s software and other documentation, Bloomberg reported on Sept.18. The SEC filed a lawsuit against Binance.US in June, claiming the company was operating unlawfully and mishandling customer funds. On Sept. 18, the regulatory authority again filed a request, alleging insufficient […]