Over 60 South Korean Crypto Exchanges to Shut Down Next Week

More than 60 crypto exchanges in South Korea will be shutting down next week and they have until midnight today to inform their users. 

ApolloX Crypto Derivatives Exchange Guide & Review

ApolloX is a cryptocurrency derivatives exchange founded by experts with backgrounds in traditional financial institutions, technology companies, and other leading crypto exchanges.

Bitcoin Futures Perpetual Funding Rate Turns Positive as BTC Balance on Exchanges Slip to a 3-Year Low

A surge in Bitcoin's price has been instrumental in flipping BTC futures perpetual funding rate positive.

Ethereum Stands at Significant Support Based on the Purchase of Over 10 Million ETH

More than 10 million Ethereum was bought between $3,426 and $3,536, which is a very significant supply wall for support.

DCG-backed Korean exchange faces closure if it can’t find banking partner

South Korean crypto exchange Gopax has told users if it can't resolve its banking difficulties before a looming regulatory deadline it will need to shut down. South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for platforms to submit their requests for an official operating license.To be eligible for a license, all crypto exchanges must show evidence that they are operating using real-name accounts at South Korean banks.

Cuba's cryptocurrency regulations take effect

Crypto is now a legal method of payment for commercial transactions in the Island nation. Resolution 215 of 2021 issued by the Banco Central de Cuba (BCC) — the country’s central bank — recognizing cryptocurrencies like Bitcoin (BTC) is now in effect.According to Cuba’s official state news agency Prensa Latina, the order became official on Wednesday.With crypto legally recognized by the BCC, Bitcoin and other cryptocurrencies can now be used for commercial transactions and investments in Cuba.As previously reported by Cointelegraph, the central bank first announced plans to recognize and regulate crypto back in late August.Indeed, Resolution 215 of 2021 contains provisions for a licensing regime for crypto exchanges and other virtual asset service providers operating in Cuba.Despite legalizing the use of crypto assets in Cuba, the BCC has warned of the risks associated with cryptocurrencies.According to the BCC, while crypto operates outside of the nation’s banking system, the use of virtual currencies poses significant monetary policy risks and financial stability concerns.Cuba’s central bank also warned of the potential for bad actors to take advantage of the perceived anonymous nature of crypto transactions for illicit transactions.Related: Sept.

Bank of Russia wants to block ‘emotional’ and suspicious crypto activity

The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity. As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases.The Bank of Russia has started working with local banks to make them halt payments to cryptocurrency exchanges in order to protect customers from “emotional” purchases of crypto.Sergey Shvetsov, the first deputy governor at the Bank of Russia, argued that the new measures aim to protect Russian investors from potential losses in case the cryptocurrency market “crashes to zero,” local news agency RIA Novosti reported Wednesday.The latest anti-crypto move comes shortly after the Bank of Russia called on local banks and credit firms to increase their attention to some types of financial transactions by individuals, including transactions related to cryptocurrency exchange services.In an official statement released Sept.

Authorities Seize USD 5.2m in Crypto from ‘Tax Dodgers’

tax crackdown on suspected cases of unreported or underreported taxable income by studying customer data they were handed by the nation’s four largest crypto exchanges....

Hong Kong landlords lease to crypto exchanges following regulatory clarity

Crypto businesses in Hong Kong need to have a local license and are restricted to offer services only to professional investors.

Larger S Korean Crypto Exchanges Announce ‘Temporary’ End of Fiat Trading

agement system (ISMS) certification if they are to continue offering crypto-to-crypto trading.

US SEC Chair Gary Gensler: Coinbase and Other Crypto Exchanges Must Register with Agency

After raising concerns over Coinbase’s lending product, US SEC Chairman Gary Gensler has once again reiterated that cryptocurrency exchanges should register with the commission.

New report reveals top-graded exchanges at three-year peak volume dominance

The CryptoCompare report ranked the performance of several crypto exchanges across metrics such as security and asset diversity to conclude their findings. Recent data from market analyst firm CryptoCompare reveals that the leading six cryptocurrency exchanges, as per the company's analytical model, were responsible for a three-year high in spot volume throughout the month of August. The metric grades all cryptocurrency exchanges across a multitude of areas — including legal/regulatory cases, data provision, security and market quality, among others — and ranks them in a list accordingly.

SEC Chief May be Gunning for Crypto Exchanges and Altcoins

> and ethereum (ETH) exclusively.Gensler is set to appear before the US Senate Committee on Banking, Housing, and Urban Affairs today, ahead of which his

Harvest Holidays Could Wreak More Crypto Exchange Havoc in South Korea

is time, the entire nation will effectively shut down, much as is the case during Christmas holidays in Western Europe and North America.That leaves just six working days before September 24, the end of the regulatory Financial Services Commission's six-month grace period for crypto exchanges...

India’s Income Tax Department may soon target crypto trades and ecosystem

Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments. As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured.According to ET Now’s report, the tax department, which operates under India’s Ministry of Finance, has signaled interest to tax crypto earnings through trade and exchanges.

South Korea Strengthens the Supervision of Crypto Exchanges,Nearly Two-thirds of Exchanges Forced to Close with $2.6B in Losses

Financial Times reported the South Korean Financial Services Commission (FSC) has begun to tighten the supervision of local and overseas cryptocurrency trading platforms in South Korea, resetting a new deadline on September 24.

Majority of Korean crypto exchanges to shut down this month, insiders say

Failure to meet South Korean regulators' new requirements is expected to wipe out tens of crypto exchange operators. The deadline for South Korean crypto exchanges to meet new compliance requirements is looming fast, with all operators expected to submit requests for an official license with the Financial Services Commission (FSC) no later than Sept.

Indian Exchanges are all Out on Crypto With Ads Ahead of Coming Festive Season

Indian crypto exchanges are planning huge ad campaigns to attract new users ahead of the upcoming festive seasons.

Indian crypto exchanges prepare ad blitz for festive season

Indians exchanges are urging locals to buy and give Bitcoin during the upcoming holiday season. To celebrate the holiday season in India, cryptocurrency exchanges are looking to lure retail traders by launching aggressive marketing campaigns and giving away crypto.For this year’s Hindu holiday season, which kicked off on Sept.

During September DBX Will Be Listed on the World’s Major Crypto Exchanges

PRESS RELEASE. TALLIN, ESTONIA -The most interesting event of this fall is the listing of DBX tokens, that will be available around the world at the beginning of the season.

South Korea's 'big four' crypto-exchanges secure real-name account deal

Bithumb, Coinone, and Korbit, three of South Korea's most-prominent crypto-exchanges, have finally met the country's regulatory conditions and reached deals with banks before the 24 September deadlineThe post South Korea's 'big four' crypto-exchanges secure real-name account deal appeared first on AMBCrypto.

Ukraine passes legislation to recognize and regulate crypto

Ukraine is hoping its new digital asset regulations will attract foreign crypto exchanges to set up shop in the Eastern European nation. The Ukrainian Parliament has adopted legislation regulating foriegn and domestic cryptocurrency exchanges operating from within the country.On Sept.

Bitcoin Revisits $50K Amid More Than 1 Million BTC Addresses Transacting

This price surge in the Bitcoin network also saw an uptick in addresses transacting, given that they hit a two-month high.

Bithumb crypto exchange reportedly bans foreigners without mobile KYC

Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges.

Japan’s SBI to Merge Its Crypto Exchanges a Year After Rival Takeover

SBI’s chief executive Yoshitaka Kitao.

Crypto Listing and Delisting Announcements: Week 35

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ AscendEX Listings: SifChain (ROWAN) Bibox Listings:

South Korea: Crypto exchanges Upbit, Bithumb, Coinone attract millions of users

While several crypto-related businesses in South Korea were having a tough time due to controversial regulatory efforts in the country, Upbit has been able to retain its title as the country's largesThe post South Korea: Crypto exchanges Upbit, Bithumb, Coinone attract millions of users appeared first on AMBCrypto.

Spain: Here are the latest regulatory requirements for crypto-exchanges

Spain's central bank is all set to roll out the new registration process for crypto-exchanges by September-October.

Spanish Crypto Exchanges to Discover Their Fate by October

The Spanish central bank will roll out its new registration process for crypto exchanges operating in the nation by October. Exchanges have been in limbo since April this year, when parliament passed a new law aimed at tackling the spread of money laundering and terrorist financing.

24 Crypto Exchanges to Close in South Korea – and 18 More Could Follow

Only a third of South Korean crypto exchanges have met the “minimum requirements” to register with the financial regulator ahead of next month’s deadline – with 24 already all but confirming they will close.

Kyrgyzstan reportedly introduces regulations for crypto exchanges

The new regulatory framework aims to bring the legal status to cryptocurrency exchanges in Kyrgyzstan.

CoinDCX exchange joins ad regulator following Delhi high court notice

Mumbai-based crypto unicorn, CoinDCX, has become a member of the Advertising Standards Council of India, a non-governmental self-regulatory organization. Mumbai-based crypto exchange CoinDCX has reportedly joined the Advertising Standards Council of India (ASCI).In what seems like a response to Delhi Hight Court’s notice regarding ad disclaimers from crypto exchanges, CoinDCX intends to use this partnership to improve advertising transparency and stay off the radar of the Indian regulators.

Bitcoin Inflows to Exchanges on the Rise, Which Could Signal a Bearish Momentum

An increase of Bitcoin inflows to crypto exchanges is being witnessed.

Powers On... Broker disintermediation and unregulated crypto exchanges cause major concerns

As interest in and use of blockchain accelerates this year, so do regulators’ fears, making them pay more attention to crypto exchanges. Powers On...

Crypto Listing and Delisting Announcements: Week 34

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ Bibox Listings: Deeper Network (DPR) Unilayer (LAYER) Mobox

Pro traders are mildly skeptical about Bitcoin’s recent return to $50K

Bitcoin's price finally recaptured the $50,000 level, but data shows that pro traders are somewhat skeptical for a variety of reasons. The price of Bitcoin (BTC) is back at the $50,000 level, and there's little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval.Despite the positive newsflow, the top traders at crypto exchanges and derivatives data appear unmoved by the recent rally to the $50,000 resistance.Crypto analyst Will Clemente highlighted the accumulation from addresses containing 1,000 to 10,000 BTC.Price down today while whale holdings went up by ~13,000 BTC.

South Korea: Regulators turn a deaf ear to crypto-exchanges' woes

In a bid to regulate the cryptocurrency industry, South Korean regulators had given cryptocurrency exchanges time till 24th September to register with the authorities to continue to function, however,The post South Korea: Regulators turn a deaf ear to crypto-exchanges' woes appeared first on AMBCrypto.

South Korean Crypto Exchanges Plead for 6 Months of Regulatory Mercy

Source: AdobeStock / Chee-Onn Leong South Korean blockchain organizations have told regulators that it will be impossible for the nation’s crypto exchanges to meet a September 24 registration deadline and want six more months to prepare – although it looks like their pleas may have fallen on deaf ears. As previously reported, none of the nation’s trading platforms currently have the

Insurance on Crypto Exchanges Inches Up, KYC Still Weak - Report

Cryptocurrency exchanges are showing an increase in their tendency to insure clients’ assets, both formally and in informal ways through insurance funds, a new report finds.

Binance crypto exchange outage sparks outrage as traders lose millions

Binance’s policy allows investors to get compensation on trading losses due to system or internal issues but does not cover the “what could have been” situations. Outages in crypto exchanges have resulted in losses for investors trying to get out in time.

Crypto Exchanges See 10X Increase In Phishing Attacks Says New Report

The first half of 2021 saw a dramatic increase in phishing attacks on crypto exchanges, according to a newly published report.

All of South Korea’s Crypto Exchanges Fail their Regulatory Audits

South Korean crypto exchanges have been dealt another crushing blow – with all of the nation’s trading platforms failing their regulatory “consulting” audits. The development will not bode well for the sector with just over a month to go until new regulations kick in – with even the “big four” exchanges (Korbit, Bithumb, Upbit and Coinone) failing

Spanish Regulator Warns Crypto Exchanges Huobi, ByBit of Operating Without License

Spain’s National Securities Market Commission has warned 12 companies—including Huobi and ByBit—that they are operating without requisite licenses.

Spanish officials issue warning on Huobi and Bybit crypto exchanges

The National Securities Market Commission in Spain issued warnings on 11 entities for not being registered for investment services. Regulators around the world continue to keep the pressure fresh on crypto businesses.

Crypto Listing and Delisting Announcements: Week 33

Source: iStock/~UserGI15632523 Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ AscendEX Listings: PolkaFoundry (PKF) Bibox Listings: PIGGY

ETH Balance on Exchanges Sink to a 2-Year Low as Miner Revenue Hit a Monthly High

Ethereum (ETH) has been undergoing a mass exodus away from crypto exchanges recently, given that its balance dropped to a two-year low.

Bitcoin Firm Reveals Its Total BTC Reserves, Urges Other Crypto Exchanges To Disclose Holdings

Crypto derivatives platform BitMEX is revealing its total Bitcoin (BTC) reserve balance and is suggesting that other exchanges go public with their reserves as well.

Ukraine’s state security shuts down illegal crypto exchanges

Ukrainian authorities say the crypto exchanges were involved in money laundering and other illicit financial activities. Security Service of Ukraine (SBU) has shut down several crypto exchanges reportedly involved in illegal financial transactions since the start of 2021.According to a statement by the SBU on Wednesday, the network of “clandestine cryptocurrency exchanges” were based in the country’s capital Kyiv and collectively processed a monthly turnover of $1.1 million in funds linked to criminal activity.The SBU’s announcement claimed that the illegal crypto exchanges provided anonymous transaction services, which made them a money laundering risk.

Kucoin Boss on Strategy After Hack: ‘We Chose to Act’

Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen.

Iran’s tax authority wants to legalize crypto exchanges

The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly. The Iranian National Tax Administration (INTA) is pushing to establish a legal framework for the taxation of crypto trading platforms operating in the country, according to a new proposal by the country’s tax authority.Two months after Iranian President Hassan Rouhani’s call for a legal framework for crypto trading, INTA reportedly detailed the necessity of legalizing digital asset exchanges in a proposal quoted by the local media.

SEC Asking for Jurisdiction Over All Crypto Exchanges Is ‘a Blatant Power Grab,’ Says Lawmaker

US Congressman Patrick McHenry has slammed the US Securities and Exchange Commission (SEC) for asking for jurisdiction over all crypto exchanges, including non-securities ones.

BitMEX reaches an agreement With CFTC & FinCEN; will pay this penalty fee

Regulatory crackdown on crypto exchanges seems to be the new trend now.

Women from small cities contribute to 65% crypto sign ups in India

Mumbai-based WazirX crypto exchange's latest data shows a 2,648% growth till date in user signups from smaller cities across India. India’s regulatory uncertainties have not affected the investor’s sentiment towards crypto as the latest data from crypto exchanges suggests a rising influx of users. Binance-owned Indian crypto exchange WazirX reported a 2,648% growth to date in user signups from smaller cities across India, also known as tier-II and tier-III cities, that can host up to 100,000 citizens.

Korbit Reopens Offline Customer Service Center in Seoul’s Busy Gangnam

Trading volumes may have dipped recently at crypto exchanges in South Korea and regulatory issues continue to plague the industry, but some trading platforms are staying positive – and the nation’s first-ever exchange has taken the bullish step of reopening its flagship bricks-and-mortar customer service center. Korbit opened its customer center in April 2018, but closed it in

Cardano Gets Approval for Listing on Crypto Exchanges in Japan

Crypto investors in Japan can look forward to buying and selling Cardano as the fifth-largest crypto asset gets the green light for listing on exchanges operating in the country.

Crypto Listing and Delisting Announcements: Week 32

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ AscendEX Listings: Port Finance (PORT) Bibox Listings:

Poloniex LLC settles charges with the SEC by agreeing to pay over...

The US regulatory board, Securities and Exchange Commission (SEC), announced today that one of the oldest crypto exchanges, Poloniex LLC, has agreed to pay more than $10 million as a settlement.

The biggest challenge for crypto exchanges is global price fragmentation

For decentralized markets to scale globally, the interoperability between cryptocurrency exchanges must be seamless. It’s no secret that Coinbase has played an instrumental role in bringing new users into the crypto space.

Coinbase acquires crypto exchange data aggregator Zabo

Zabo’s API integrations include more than 50 crypto exchanges and wallet services, including Coinbase’s rival Kraken. Nasdaq-listed cryptocurrency exchange Coinbase continues its buying spree by acquiring cryptocurrency aggregator service Zabo.According to a Wednesday announcement, Coinbase has started the process of acquiring Zabo, a Dallas-based cryptocurrency startup providing data integration services with major crypto exchanges and wallets, including Coinbase’s rival Kraken.

Circle and Unstoppable Domains to introduce username-based USDC payments

USD Coin holders will soon be able to transfer the stablecoin via human-readable addresses across supported wallets and crypto exchanges. The bid to introduce human-readable addresses as an alternative to the usual lengthy alphanumeric crypto wallet address system is set to achieve another milestone following the recent partnership between Circle and Unstoppable Domains.According to an announcement issued on Wednesday, Unstoppable Domains, a blockchain domain name provider, and USD Coin (USDC) stablecoin issuer Circle are collaborating to release readable “.coin” usernames for USDC transfers.As part of the partnership, both companies will collaborate to enable support for .coin username extensions across wallets and crypto exchanges that support the popular stablecoin.Under this arrangement, USDC transfers will become akin to sending an email, likely mitigating the problem of transferring coins to the wrong address, especially for the not-so-tech-savvy.Indeed, the announcement quoted Josh Hawkings, senior vice president of marketing at Circle, making a similar point adding that the feature will help to make USDC more accessible.Commenting on the partnership, Unstoppable Domains CEO Matthew Gould said, “Simple usernames combined with dollar-pegged stablecoins take the fear and risk out of spending crypto.”Related: Unstoppable Domains’ .crypto websites now available via Brave browserThe Circle partnership comes swiftly on the heels of a similar collaboration with popular crypto wallet provider Blockchain.com.

Bitcoin OTC Deals On The Rise: $131 Billion Moved in a Day (Analyst)

Bitcoin investors moved more than $130 billion in BTC in a day, but only 1% of these deals took place on crypto exchanges.

Singapore grants first regulatory in-principle approval to crypto exchange

Independent Reserve gets the first in-principle approval that gives hope to around 170 crypto exchange applicants waiting to receive an official operating license in Singapore. Independent Reserve, an Australian crypto exchange founded in 2013, has become the first cryptocurrency exchange in Singapore to receive an “in-principle approval” to operate as a fully regulated virtual asset service provider (VASP).In a letter from the city-state’s de facto central bank, the Monetary Authority of Singapore (MAS), the exchange was approved under the terms of the Payments Services Act, which came into effect in January 2020 and provides clear-cut rules and regulations for crypto exchanges and service providers seeking to operate locally.

SEC Boss Gensler Hints that He Could Seek to Regulate DeFi

Garry Gensler. Source: A video screenshot, Youtube/Bloomberg Markets and Finance The US Securities and Exchange Commission chief Gary Gensler will not be a “cheerleader” for crypto, a new interview has revealed – and indicated that after tightening regulations on crypto exchanges, he may well turn his attention to policing the world of decentralized finance (DeFi). In a feature about

KuCoin: Crypto trading made easy for everyone

The Crypto ecosystem can be difficult to navigate for anyone who is new to the space and while crypto exchanges offer users a place to buy, sell and exchange cryptocurrencies, it is important to find The post KuCoin: Crypto trading made easy for everyone appeared first on AMBCrypto.

Analysts: Bitcoin Accumulation in Play, Similar to Mid-2018

On-chain metrics for the Bitcoin network are continually improving with more of the asset leaving crypto exchanges while accumulation continues.

Smaller South Korean Crypto Exchanges Begin to Shutdown, Suspend Services

A number of smaller South Korean crypto exchanges have announced their imminent closure – throwing in the towel in their struggle to meet a fast-approaching regulatory deadline that is threatening to derail the nation’s crypto trading platform industry. Per Joongang Ilbo, the latest exchanges to announce they will be closing their doors in the coming weeks are Darlbit,

Crypto Listing and Delisting Announcements: Week 31

Source: iStock/~UserGI15632523 Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ AscendEX Listings: Ternoa (CAPS) Bibox Listings: RAI Finance

South Korean regulator to reportedly shut down 11 crypto exchanges

Sources claim that several mid-sized crypto exchanges in South Korea will be unable to get approval from the FSC. South Korea’s top financial regulator, the Financial Services Commission, is reportedly planning to shut down a dozen local cryptocurrency exchanges amid fraud allegations.The FSC will suspend operations of at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities and fraudulent collective accounts, local news agency The Korea Herald reported Sunday.

Bank of America Believes Bitcoin Could Mean More Money for Salvadorans

Bank of America, a leading US-based multinational investment bank, acknowledged that Bitcoin (BTC) could trigger a progressive digitalization of the financial system translating to more money for workers in El Salvador.

Bitcoin's Worst Kept Secret: US Traders Still Evade Foreign Exchange Restrictions

Foreign crypto exchanges try to restrict US users to avoid US regulators.

Massive Outflows See Bitcoin Exchange Balances Plummet to 2018 Levels

Bitcoin has been moved off crypto exchanges this week, and not in small sums, resulting in a plunge in balances.

South Korean Watchdog Uncovers 14 Fake Bank Accounts Used by Crypto Exchanges

The South Korea financial regulator has uncovered 14 fake accounts used by crypto exchanges.

Regulator Identifies ‘Fake’ Crypto Exchange Bank Accounts

Source: Adobe/jon_chica South Korea’s top financial regulator, the Financial Services Commission (FSC) said it has identified 14 “fake” bank accounts that are or have been used as fiat on/off ramps by domestic crypto exchanges. The FSC examined a total of 94 accounts belonging to 79 crypto exchanges and said it discovered that in 14 separate instances, the crypto exchanges’ bank accounts

Signs of a Crypto Regulatory Climbdown from South Korea’s Ruling Party

South Korean ruling party’s crypto task force has met with a number of major domestic crypto exchanges – an indication that it could advise the government to revise or even soften its hardline policy on regulation. As reported, the next South Korean presidential election is scheduled to take place on March 9 next year, but opinion polls have shown that the ruling party, the

S Korean MP Bids to Prevent ‘Crypto Crisis’ While Kimchi Premium Evaporates

A South Korean lawmaker wants to throw struggling crypto exchanges a lifeline by forcing an extension to a fast-approaching regulatory deadline – while the so-called kimchi premium is shriveling away to oblivion. Per EDaily and Hanguk Kyungjae, Cho Myung-hee, an MP from the main opposition People’s Power Party, announced that she is ready to unveil an amendment to

Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association.

Think Tank: Crypto Buyers Must Have Right to Claim Refunds

A report from a leading South Korean think-tank has concluded that crypto exchanges, banks and other institutions should be legally obliged to refund crypto investors in the event of the loss of private keys or bankruptcies. According to Aju News and Sports Seoul, the recommendations came in a paper authored by Kim Dong-hwan, a senior research fellow at the Korea Institute of

Crypto Listing and Delisting Announcements: Week 30

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ Bibox Listings: Diamond Boyz Coin (DBZ) BigONE Listings:

Crypto Exchanges FTX and Binance Remove High Leverage From Exchanges

Both crypto exchanges will limit users at 20x maximum leverage.

Ethereum Outflows from Exchanges Continue Increasing Amid a Roaming Supply Squeeze

A holding tendency continues to be illustrated in the Ethereum network based on ETH outflows from crypto exchanges.

Brazilian Police Seize $33m in Bitcoin Exchange Investigation

Brazil has launched Operation Exchange, a probe into local crypto exchanges that helped criminals launder money.

S Korean Regulator to Force Crypto Overseas Exchanges to Abide by its Rules

The top South Korean financial regulator has effectively blocked overseas crypto exchanges from operating in the nation if it can be proved they are actively targeting users based on South Korean soil. According to Chosun and Seoul Kyungjae, the regulatory Financial Services Commission (FSC), which has been handed almost total control over policing exchanges, has

South Korea: KFIU's notice to 27 foreign crypto-exchanges fuels shutdown concerns

South Korean regulators are ramping up measures to protect its citizens from fraudulent activities carried on by foreign crypto-projects.

South Korea to take action against unregistered crypto exchanges

Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time. The South Korean government announced today that crypto exchanges will face punishment if they have not voluntarily registered with the country’s authorities by September 24.This new set of regulations will reportedly affect both exchanges based in South Korea and foreign exchanges that operate in Korean markets.

South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations.

Crypto Exchanges Have to Register with South Korea Regulator by September or Risk a Ban

Cryptocurrency exchanges operating in South Korea could face severe penalties if they fail to register with the FSC by late September.

How BlackHat Coin Will Give You Back Control of Your Privacy with Untraceable Transactions

At the end of 2020 and the beginning of 2021, crypto exchanges crackdown on privacy coins.

UK Tax Authority HMRC Gathering Customer Data From Overseas

HMRC has been clamping down on crypto exchanges to share information about their customers.

Crypto Listing and Delisting Announcements: Week 29

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ AscendEX Listings: Sentinel (DVPN) BitClout (CLOUT) HAPI (HAPI) Bibox

Success in DEX? Fast-growing crypto exchanges may hurt DeFi investors

As DEXs continue to accrue billions of dollars in TVL within days of their launch, some question whether they are manipulating their numbers. With the rise of various meme-coins over the last year or so, a whole host of decentralized exchanges (DEXs) have continued to emerge and accrue massive sums of liquidity seemingly overnight.

Indian high court seeks ad disclaimers from crypto exchanges

India’s Delhi High Court is looking to put a clear voiceover and a disclaimer covering 80% of the screen on crypto ads on national TV. Amid the ongoing regulatory uncertainty to cryptocurrencies in India, a high court in the country’s capital is taking action to regulate advertising by local crypto exchanges.The Delhi High Court has issued notices to local authorities and crypto firms in an effort to enforce guidelines for crypto exchanges advertising on national television, the New Indian Express reported Wednesday.The court is seeking responses from the Securities and Exchange Board of India (SEBI), the Ministry of Information and Broadcasting, as well as major Indian crypto exchanges including CoinDCX and WasirX, and aims to discuss the issue in August.According to the report, lawyers Ayush Shukla and Vikash Kumar have urged the court to ask the SEBI to issue ad guidelines requiring crypto audio-visual ads to include a disclaimer covering 80% of the screen, accompanied with a voiceover reading lasting at least five seconds.

FBI Issues Warning to Crypto Stakeholders About Potential Cyber Attacks

The Federal Bureau of Investigation (FBI) has issued a warning that cybercriminals are increasingly targeting crypto exchanges, third-party payment platforms as well as private owners of digital assets.

AML compliance mandatory for foreign crypto exchanges, says Korean regulator

South Korea’s strict crypto regulatory oversight is now extending to overseas exchanges that offer cryptocurrency trading services denominated in the country’s currency. Eun Sung-soo, chairman of South Korea’s Financial Services Commission (FSC), has said that foreign crypto exchanges that deal in the Korean won must comply with the country’s Anti-Money Laundering standards.According to The Korea Herald on Tuesday, Eun made these comments while fielding questions from lawmakers about the FSC’s plans to regulate crypto exchange giant Binance.Eun reiterated the need for overseas exchanges that offer won-denominated crypto trading pairs to comply with the same Anti-Money Laundering standards as platforms based in the country.As part of this compliance, these foreign exchanges will have to register with the Korea Financial Intelligence Unit — the FSC’s AML watchdog.The FSC chairman’s remarks also offer another indication of South Korea’s efforts to maintain strict oversight on its local crypto market.

Korean Regulators Want to Police All Int’l KRW Trading Crypto Exchanges

All crypto exchanges must apply for trading permits if they are targeting South Korean investors – no matter where in the world they are based, according to Eun Sang-soo, the head of the South Korean Financial Services Commission (FSC), the top regulator for the financial and crypto industries. As previously reported, the FSC and the South Korean government have

Crypto Listing and Delisting Announcements: Week 28

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ Bibox Listings: GoMining Token (GMT) Anonymous Network (AYS)

Bitcoin on Exchanges Experience a Sharp 50-Day Drop, Suggesting Diminishing Sell-Side Pressure

Bitcoin on crypto exchanges has plunged to a 50-day low, as acknowledged by on-chain metrics provider Santiment.

US Senator Elizabeth Warren Prods SEC To Regulate Crypto Exchanges, Warns Congress Might Need To Take ‘Additional Action’

Senator Elizabeth Warren (D-MA) says that the lack of regulation in the cryptocurrency markets is ‘unsustainable’.

Crypto exchanges: Bridging the gap between sovereignty and performance

The crypto dream is to make the exchange of value global and frictionless, but security and scalability concerns are driving constant trade-offs. Back in 2019, an estimated 99% of crypto-asset transfers took place on centralized exchanges (CEXs), according to the number that was used by main crypto critic Nouriel Roubini.

S Korean Banks to Probe Exchanges’ Privacy Coin Policies in Risk Checks

South Korean banks are set to take into account crypto exchanges’ privacy coin policies, the nationality of their customers, and the criminal history of employees, classing these as “high priority” items when conducting risk assessment checks on whether to partner with trading platforms. As previously reported, crypto exchanges have until September 24 to partner with a

The Ratio of Bitcoin’s Supply on Exchanges Hit a 6-Month Low

Statistics by on-chain metrics provider Santiment show that Bitcoin’s ratio of supply on crypto exchanges hit a six-month low.