(Reporting by Manya Saini in Bengaluru; Editing by Devika Syamnath)
Earlier this month, the regulator sued major exchanges Coinbase and Binance in high-profile lawsuits that reverberated through the digital assets industry.
customers from its platform. Binance disputes the SEC charges. Binance and its CEO Changpeng Zhao were charged last week by the U.S.
Securities and Exchange Commission (SEC) with 13 offences, including operating an unregistered securities exchange and failing to restrict U.S.
Binance said it intends to defend itself "vigorously" against the SEC's charges. Last week, the U.S.
Securities and Exchange Commission (SEC) sued Binance, its founder Changpeng Zhao, and the operator of its purportedly independent U.S.
Hong Kong's banking regulator said on Thursday it had, in April, asked lenders operating in the region to try and meet the business needs of licensed crypto exchanges, responding to a report saying banks were under pressure to take such exchanges on as clients.
The payment includes $1.17 million of refunds to 4,691 investors, which may be reduced if they withdraw crypto assets during a specified 90-day period, plus a $626,000 fine.
The U.S.
affiliate of Binance halted dollar deposits last week and gave customers a deadline of June 13 to withdraw their dollar funds, after SEC asked a court to freeze its assets.
A source at the regulator said on Wednesday that Binance never launched its business in Cyprus. It was unclear when Binance applied to deregister.
The exchange, the world's biggest, announced its registration with the Cyprus Securities and Exchange Commission in October 2022.
June 18 (Reuters) - Binance has issued a cease and desist order to "Binance Nigeria Limited", Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a "scammer entity".
Binance.US, the purportedly independent partner of Binance, has seen its U.S.
market share slump to 0.9% on June 26 from over 22% in April after the exchange gave its customers a deadline of June 13 to withdraw their dollar funds as the SEC asked a court to freeze its assets.
"If we expand Dubai to offer services in Saudi Arabia or Bahrain, to jurisdictions where there is no domestic framework required, then those domestic populations are actually getting a windfall benefit because we are regulated by an international regulator," Byun said.
June 29 (Reuters) - Asset manager Fidelity is once again seeking to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded fund, according to a filing by listing exchange Cboe Global Markets with the U.S.
Securities and Exchange Commission.
The ETF filing has helped reverse negative sentiment in the bitcoin and broader cryptocurrency markets, after a series of crypto company meltdowns, including the sudden collapse late last year of exchange FTX, which authorities allege was running a multi-billion dollar fraud.
regulators have increased scrutiny of the cryptocurrency sector. June 11 (Reuters) - U.S.
venture capital firm Andreessen Horowitz, a major cryptocurrency investor, said on Sunday it will set up its first international office in London, at a time when U.S.
Ministers rule out Revolut intervention: No help for fintech...
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