Regulations

Binance is set to publicly launch a cryptocurrency exchange in Thailand early next year through a joint venture with Gulf Energy Development, a major energy company in the region. Gulf Energy filed a report with the Stock Exchange of Thailand on Wednesday, stating that Gulf Binance Co. — the joint venture set up by Binance […]

Zodia, an institutional cryptocurrency custody platform co-owned by British bank Standard Chartered, the financial firm Northern Trust, and Japanese SBI Holdings, has launched its services in Hong Kong. According to a CNBC report on Oct. 29, Zodia CEO Julian Sawyer said the platform is expanding its services in Hong Kong in response to the growing […]

On Oct.19, leading global cryptocurrency exchange Binance announced it had signed agreements with new fiat service providers to manage euro (EUR) deposits, payments, and withdrawals.  The move comes after the exchange’s former payments partner, PaySafe, terminated its partnership with Binance in September due to regulatory concerns in the European Union. At the time, Binance users […]

Newsom’s backing of the crypto regulation bill signals a major shift from his past position. California’s crypto industry readies for reforms with Governor Newsom’s approval of a groundbreaking regulatory bill. The bill will transform the state’s digital asset landscape significantly. The Digital Financial Asse­ts Law, a newly approved account, is schedule­d to become effe­ctive in […]

David Schwartz, the chief technology officer at Ripple, has responded to the Cardano founder and IOG CEO Charles Hoskinson’s comments about possible reasons behind the United States regulators’ determination that Ethereum (ETH) is not a security. During an ‘Ask Me Anything’ session on October 8, Hoskinson (one of the eight former Ethereum founders) voiced his […]

In a recent CNBC interview, Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted the changing landscape of cryptocurrency regulations in the United States, stressing XRP’s unique status.  Alderoty mentioned that countries like the UK, EU, Dubai, Singapore, Brazil, Japan, and Australia have well-defined and logical crypto rules. These regulations foster innovation while maintaining robust oversight. However, […]

On October 5, the Canadian Securities Administrators (CSA) issued guidance to crypto asset trading platforms on its interim approach to the trading of value-referenced crypto assets (stablecoins). The CSA revealed that it may allow continued trading of stablecoins under specific terms and conditions. In February, the agency announced that stablecoins “may constitute securities and/or derivatives,” […]

On Sept. 21, Binance, its US subsidiary Binance.US, and CEO Changpeng Zhao ‘CZ’ filed a joint motion in the US District Court of the Columbia state to dismiss the SEC lawsuit against them. Crypto exchanges and CZ stressed that the SEC had overstepped its authority while filing the lawsuit.  The financial regulator filed the lawsuit […]

South Korean financial regulators are closely monitoring over-the-counter (OTC) crypto trading due to growing concerns about its potential use in illegal activities.  Park Min-woo from the Financial Services Commission (FSC) and Deputy Chief Prosecutor Ki No-Seong and other vital regulatory officials convened a session titled “Criminal Legal Issues Related to Virtual Assets,” per the report […]