Canadian regulator will hold hearing against Bybit for alleged violations of securities law

The commission alleges Bybit exposes local investors "to unacceptable risks and create[s] an uneven playing field within the crypto asset trading platform sector.” The Ontario Securities Commission has issued a notice stating that it will be holding a hearing against Bybit regarding the crypto exchange allegedly “flouting” Canadian securities law.In a Monday notice from the Ontario Securities Commission, or OSC, the regulatory body alleged Bybit had “failed to comply with the registration and prospectus requirements under Ontario securities law” despite the OSC issuing an April 19 deadline for crypto exchanges operating in the province.

Crypto Listing and Delisting Announcements: Week 25

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: ChaingeFinance (CHNG) Chiliz (CHZ) Mirror

Zebpay will join organization proposing regulatory framework for crypto in India

“Crypto exchanges want to be part of IndiaTech because we have moved the needle in the past few months on the narrative and perception of this industry," said Rameesh Kailasam. Cryptocurrency exchange Zebpay and others doing business in India will reportedly be joining IndiaTech, an association aimed at providing regulatory clarity for crypto in the country.According to a Monday report from The Economic Times, executives from some of India’s crypto exchanges said their businesses are considering joining IndiaTech in an effort to pressure the government to regulate crypto, with Zebpay confirming it would be doing so.

Bitcoin retests $37K support, gold and stocks drop lower over Fed comments

Steady BTC inflows to crypto exchanges and fallout from the Federal Reserve’s plan to hike interest rates dropped Bitcoin price to the $37,000 support. Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level.

Top South Korean Crypto Exchanges Purging Altcoins in Late-night Culls

Multiple South Korean crypto exchanges have gone on token purges, culling a wide range of altcoins from their platforms – and following in the wake of the market-leading exchange Upbit, which has earmarked 30 coins for the ax. As previously reported, Upbit’s unexpected move saw five coins removed and 25 others given a one-month period in which to prove their worth

South Korean crypto exchanges banned from handling coins they issued themselves

Exchange tokens are falling under the scrutiny of South Korean regulators. The increased regulatory scrutiny that befell South Korea’s cryptocurrency space in recent times appears to have extended to include exchange tokens.Exchange tokens are tokens issued by a cryptocurrency exchange that usually offer some benefit to the holder, either through reduced trading fees, regular token burns or other means.

The Top Decentralized Exchanges (DEXs) in 2021

Decentralized exchanges have emerged as a robust alternative to traditional crypto exchanges, letting you swap tokens directly with other people.

The Number of Ethereum Deposits on Crypto Exchanges Hit a 5-Month Low-What This Mean

The number of ETH deposits on crypto exchanges continues to diminish, given that it reached a 5-month low of 548.940.

Regulations drive Korean exchanges to delist, warn against high risk coins

Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list.

Regulator Extends South Korean Crypto Exchanges’ AML Window by 6 Months

South Korean crypto exchanges have been given a short extension in their race to get anti-money laundering (AML) protocols in place – although the nation’s top regulator has promised to place the industry under “intense scrutiny” in the months ahead. The nation’s first piece of crypto-specific legislation – aimed primarily at policing exchanges – promulgated

Crypto Listing and Delisting Announcements: Week 24

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

South Korea’s small crypto exchanges face increasing regulatory heat

Stringent regulatory policies in South Korea could force many small- and medium-sized crypto exchanges out of the country. Authorities in South Korea are continuing to propose and enact measures aimed at maintaining strict oversight over the nation’s crypto exchange market.

Korean banks will need to classify crypto exchange clients as ‘high risk’

A further tightening of cryptocurrency regulation in South Korea is underway, with new rules for banks and crypto exchange operators. New rules announced by South Korea's Financial Services Commission, or FSC, are expected to affect around 60 unauthorized cryptocurrency exchanges in the country and a new policy for banks will require that they classify any crypto exchange clients as “high risk.”According to the Korea Times, the new guidelines were announced on Sunday and are intended to ensure that crypto exchanges strengthen their monitoring of transactions and uphold strong user ID requirements.

Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges

The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country.

What lesson is Kraken taking from Coinbase's direct listing?

Is the mixed response to Coinbase's direct listing forcing other crypto-exchanges to take a step back before going public? A recent development would suggest so. Kraken, at the time of writing, waThe post What lesson is Kraken taking from Coinbase's direct listing? appeared first on AMBCrypto.

WazirX Reportedly Investigated by India’s Enforcement Directorate

One of the largest Indian crypto exchanges, WazirX, is reportedly being investigated by the country's financial crime-fighting agency.

Nigeria's central bank plans CBDC pilot launch before the end of 2021

The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions. Rakiya Mohammed, an IT specialist at the Central Bank of Nigeria (CBN) has announced that the apex bank is making efforts to float a central bank digital currency in the country.According to a report by People’s Gazette, Mohammed made this known after the Bankers Committee meeting held in Abuja on Thursday, telling reporters:“Before the end of the year, the Central Bank will be making a special announcement and possibly launching a pilot scheme in order to be able to provide this kind of currency to the populace.”Back in May, CBN governor Godwin Emefiele had stated that digital currencies will “come to life” in Nigeria despite the current ban.Indeed, Nigeria’s central bank banned commercial banks and other financial institutions from servicing crypto exchanges in February citing debunked claims of cryptocurrencies being primarily used for illicit transactions.According to Mohammed, the CBN’s digital currency will act complementary to naira cash notes.

Bullish reversal? Traders debate whether $37K BTC price is a trend reversal

A stream of bullish Bitcoin adoption news helped to push BTC price back above $37,000 but traders are unsure if the 20% move confirms a trend reversal. The cryptocurrency market flashed bullish on June 9 as Bitcoin (BTC) price reversed course and rallied 20% to $37,500. For the past few weeks, analysts had been debating whether or not BTC was entering a long-term bear trend and the argument has been further complicated by a mixture of positive and negative headlines including the adoption of Bitcoin (BTC) as legal tender in El Salvador and authorities in China ordering Chinese search engines to block results for searches related to the top crypto exchanges in the country. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has surged 20% from a low at $31,000 late on June 8 to an intraday high at $37,450 as bulls look to take control of the trend.BTC/USDT 4-hour chart.

Weibo, Zhihu, Baidu Are Censoring Crypto Exchanges in China

Baidu and Weibo are major internet services in China—and it looks like they’re censoring crypto exchanges used by Chinese consumers.

Crypto exchange giants mulling India foray despite regulatory uncertainty

Kraken, Bitfinex and KuCoin could become the next major crypto exchanges to attempt to service India’s estimated 15 million crypto investors. Some of the biggest names in the crypto exchange business are reportedly eager to capture India’s cryptocurrency trading market, even as the government is yet to issue clear-cut regulatory policies.According to Reuters, sources say Kraken, Bitfinex and KuCoin are examining the potential for setting up shop in India.Crypto exchange giant Binance entered the Indian market back in 2019, acquiring one of the country’s most recognizable cryptocurrency trading platforms WazirX.The aforementioned trio could also pursue a similar entry strategy by acquiring or forming strategic partnerships with other Indian crypto exchanges.According to the Reuters source, these global exchanges are already in the process of understanding the operating conditions in India including preliminary due diligence for acquiring local crypto exchanges.Apart from partnering with Indian crypto exchanges, these platforms could also elect to go the subsidiary route to establish their presence in the country.As previously reported by Cointelegraph, United States exchange behemoth Coinbase announced plans to extend its business to India and has since begun hiring engineering, customer support and software development experts in the country.

Crypto Exchanges Kraken, KuCoin, and Bitfinex Eye Entry Into India: Report

Three major crypto exchanges are looking at ways to enter the Indian market, as the country’s lawmakers wrestle with a potential ban on crypto.

Chinese search engines block results for top crypto exchanges

Typing in the keywords for crypto exchanges Binance, OKEx and Huobi on Chinese search engines is currently pulling up no results. China’s stance toward decentralized cryptocurrency trading appears to be getting even tougher.

Over $1 Billion in Liquidations as Bitcoin Crashed $4,000 in Hours

The liquidations jumped above $1 billion across all crypto exchanges as BTC and the rest of the market plunged hard.

Crypto Listing and Delisting Announcements: Week 23

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. _________________________________________ Bibox Listings: Melalie (MEL) JUST (JST) Safemoon Cash (SMC)

South Korea's Crypto Exchanges Balk at Further Restrictions

There’s more trouble on the horizon for South Korean cryptocurrency exchanges.

South Korea moves to ban cross trading for crypto exchanges

South Korean crypto exchanges are groaning under a new proposal that will prevent them from converting trading fees to fiat currency. South Korea’s Financial Services Commission has moved to ban cross trading on crypto exchanges in the country.The move is part of a raft of amendments to the country’s Act on the Reporting and Use of Certain Financial Transaction Information.

South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges

Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3.

S Korean Regulator Holds ‘Significant’ Meeting with 20 Crypto Exchanges

The South Korean government finally appears to be ready to move to address criticism regarding its “inertia” over the formation of new crypto regulation.

South Korean regulators parley with 20 crypto exchanges

The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight. Small and medium-sized exchanges in South Korea had a chance to express some of their grievances with the government during a recent meeting with financial regulators.According to a report by South Korean news outlet D.Street, the Financial Services Commission (FSC) convened a closed-door meeting with 20 crypto exchanges on Thursday.Inside sources quoted by D.Street say the closed-door session was a parley between the FSC’s Financial Intelligence Unit (FIU) and the 20 crypto exchanges where the former expressed the government’s desire to implement its virtual asset service provider (VASP) report.Indeed, on May 28, the FSC issued a release stating its intention to strengthen its oversight of the crypto market to combat illegal activities.

China’s Crypto Exchanges Yank Token Listings Amid ICO Ban Fallout

China has banned ICOs – and the country's exchanges are quickly moving to adapt to the new reality.

Google To Allow Crypto Exchange & Wallet Advertisements in August

Google announced an update of its crypto ad policy and its financial products and services policy to accept crypto exchange & wallet advertisements in the coming August. (Re

South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body

Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector.

South Korean Banks See Crypto Exchange Commission Fees Grow Tenfold

The group of South Korean commercial banks that recently ruled out working with domestic crypto exchanges may be forced to rue their decisions after figures for the first quarter of the financial year revealed bumper commission earnings for the banks currently working with trading platforms.

Google Clarifies Ad Rules for Crypto Exchanges, Bitcoin Wallets

Exchanges will have to re-apply for certification under the new rules later this year.

Google To Allow Crypto Exchange & Wallet Ads In US Again + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____ Adoption news Beginning August 3, Google advertisers offering crypto exchanges and wallets targeting the United States may advertise those products and services when they meet several requirements and are certified by

Ethereum Exchange Inflow Volume Hit a Monthly Low of $34.27 Million

According to digital asset firm Glassnode, Ethereum exchange inflow volume reached a 1-month low of $34,277,495.88.

DEX & CEX Trading Volume Exploded in May Surpassing USD 2 Trillion

May 2021 has been by far the best month for crypto exchanges, both centralized (CEX) and decentralized (DEX) ones, as the total trading volume reached at least USD 2.48trn - a new record. The number is possibly even greater, but it excludes all the volume from those crypto-to-crypto exchanges that might have been inflating their trading volume numbers. The

UK Starling bank to resume crypto exchange deposits in late June

Starling blocked crypto exchange deposits last week, citing “high levels of suspected financial crime with payments to some cryptocurrency exchanges.” Starling, a United Kingdom-based online bank, is preparing to resume payments to cryptocurrency exchanges after suspending crypto exchange deposits last week.A spokesperson for Starling told Cointelegraph on Tuesday that the bank is set to restart payments to crypto exchanges on June 23 after temporarily suspending the feature as a measure to protect its customers.Starling blocked payments to some cryptocurrency exchanges last week, citing “high levels of suspected financial crime with payments to some cryptocurrency exchanges.” The bank said that it will reverse the measure after adopting “additional checks specifically for payments to crypto exchanges.”The spokesperson stressed that the action was “not an issue for Starling, but for all banks,” referring to official Parliamentary comments regarding the legal status of crypto exchanges in the United Kingdom.

Bitcoin Is Too Big to Escape Regulations, Says the Governor of Sweden’s Central Bank

Sweden is already working on regulating crypto exchanges, as the central bank's governor believes BTC is too big to escape global regulations.

Bank account flows for South Korean crypto exchanges surge 40% since 2020

Upbit exchange paid 10 times more in fees to South Korean internet bank K bank Q1 2021 than in the previous quarter. As cryptocurrency markets grew in the first quarter of 2021, South Korean banks saw record volumes of deposits and withdrawals to local crypto exchanges.South Korean commercial banks processed 64.2 trillion won ($57.9 billion) of transactions on real-name bank accounts linked to crypto exchanges in Q1 2021, according to data from Financial Supervisory Service acquired by Democratic Party member Kim Byung-wook.

Crypto Listing and Delisting Announcements: Week 22

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: Frenchie (FREN) ROCKS (ROCKS) APENFT (NFT)

Hope for South Korean Crypto Exchanges as Bank Keen on Contract Renewal

There may be a glimmer of hope at last for the South Korean crypto exchanges fearing for their future, with the neobank K-Bank reportedly set to renew its contract with the market-leading trading platform Upbit – just days after three major commercial banks ruled out the prospect of doing businesses with exchanges. Trading platforms have been left to fear for their

SEC Chair Gensler: Crypto Exchanges Need 'Protections' From Front-Running

Gary Gensler took aim at the practice of front running in crypto during a House of Representatives hearing.

US SEC wants to work with Congress to regulate crypto exchanges

SEC head Gary Gensler said that the authority spends only $325 million per year on tech, which is less than some industry players spend in two weeks. The United States Securities and Exchange Commission is looking to cooperate with Congress and other regulators to increase its oversight of cryptocurrency exchanges.Gary Gensler, the newly appointed chairman of the SEC, said that the commission is looking forward to working with fellow regulators and Congress to fill gaps in investor protection in crypto markets. The official announced the plans at a Wednesday hearing before the Financial Services and General Government subcommittee of the House of Representatives.Gensler said that the SEC needs to provide similar protections for crypto exchanges that an investor would get on the New York Stock Exchange or Nasdaq:“If you placed an order on an app, and you said, 'Alright, I want to buy a stock,' there are rules that protect you that somebody won’t use your order and get ahead of you.

Bitcoin Inflows Into Exchanges Hits a 5-Month Low

Bitcoin inflows into crypto exchanges dropped to a 5-month low.

Regulatory Struggles Push Smaller Crypto Exchanges in South Korea to the Brink

The vast majority of cryptocurrency exchanges in South Korea face an “existential crisis” as the September deadline to meet regulatory requirements looms. 

Ontario Securities Commission Snuffs out Crypto Exchanges, Poloniex Targeted for Flouting Compliance

The Ontario Securities Commission (OSC) published documentation on Tuesday that claims the Seychelles-based crypto exchange, Poloniex has failed to contact the OSC in order to start compliance discussions.

Ontario Securities Commission Cracks Down on Crypto Exchanges, Starting With Poloniex

The Ontario Securities Commission charged crypto exchange Poloniex for breaching Canada’s regulations. 

Key Clues Emerge as to What Beijing Really Thinks About Bitcoin & Mining

Further details are emerging as to what exactly China’s current stance on crypto and crypto mining is – following days of confused reporting on Beijing’s regulatory policies. China’s last major crypto crackdown took place in September 2017, when the government banned crypto exchanges from operating in the country and blocked initial coin offerings (IOCs).

3 South Korean Banks Say They Won’t Deal with ‘Risky’ Crypto Exchanges

Three of South Korea’s five biggest banks, Woori, Kookmin (KB), and KEB Hana, have said they do not want to work with crypto exchanges, claiming the sector is “too risky” – a decision that may well jeopardize the future of even the country’s major exchanges. Cryptonews.com approached a number of South Korean exchanges for comment, but trading platforms in the country

Crypto Listing and Delisting Announcements: Week 21

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: Hathor (HTR) Bibox Listings: GiftedHands

The Elon Musk Effect: These Crypto Exchanges Vow to Go Carbon Neutral

Cryptocurrency exchanges FTX and BitMEX will become carbon neutral and will donate funds to offset emissions.

Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges

The cryptocurrency industry in the Netherlands has won a small but significant battle.

Bank Risk Assessment May Threaten Bithumb, South Korean Crypto Exchanges

South Korean banks are set to audit crypto exchanges’ senior managers as part of their due diligence and risk assessment protocols for real-name banking contracts – and there are concerns Bithumb officials may struggle to pass the checks due to previous and ongoing fraud allegations. Bank-conducted risk assessment is now mandatory for crypto exchanges, which must

Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran.

Crypto Listing and Delisting Announcements: Week 20

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: Polkalokr (LOKR) Globe (GDT) Bibox

Whales are Depositing Bitcoin on Crypto Exchanges - What This Means

Ki Young Ju, the CEO of on-chain analytic firm CryptoQuant, has revealed that whales are depositing Bitcoin on exchanges.

Crypto Exchanges Are ‘Over-Earning’ From Retail Investors, Expect Trading Fees To Fall: Bernstein Analyst

Research firm AllianceBernstein is concluding that crypto trading fees on exchanges are too high, but believes the charges will fall over time.

Argentina Orders Crypto Exchanges to Give Monthly Reports on Users

As Argentina attempts to halt the devaluation of its national currency, government authorities have crypto users on their radar.

Argentina’s tax body reportedly asks crypto firms to report all activity

Argentina’s tax authority AFIP reportedly ordered domestic crypto exchanges and payment firms to provide monthly reports of all kinds of operations.

Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline

Ethereum's total fees has hit a monthly high of 746.026 ETH.

Argentinean Tax Body Asks Domestic Cryptocurrency Exchanges to Report Monthly Transactions and Wallet Balances

The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic crypto exchanges.

Student Coin Now Live On Top Crypto Exchanges Bithumb, KuCoin

Disclaimer: The text below is a press release that was not written by Cryptonews.com. The first-ever educational token in history named Student Coin (STC) has been created at the world's best universities, for the huge academic tokenization that is already supported by over 500 universities. Recently, the STC platform has ended its ICO, however 9 days before the planned date.

Student Coin now live on top Crypto Exchanges Bithumb & KuCoin

The first-ever educational token in history named Student Coin (STC) has been created at the world's best universities, for the huge academic tokenization that is already supported by over 500 universThe post Student Coin now live on top Crypto Exchanges Bithumb & KuCoin appeared first on AMBCrypto.

How did Internet Computer (ICP) become a top-10 cryptocurrency overnight?

The difference in ICP rates across multiple crypto exchanges was as high as $2,500 at one point. Traders valued Internet Computer (ICP) at $630 in its debut on Coinbase on Monday.

Block.one Secures USD 10B To Compete With Coinbase, Binance & Co

A new major player might join the vibrant industry of crypto exchanges, as EOS developer Block.one said it aims to launch a new crypto exchange, Bullish Global (BG), this year after they secured USD 10bn in funding.

Kazakhstan’s government to create roadmap for developing crypto market

Kazakhstani authorities plan to improve their regulatory approach in order to strengthen the country’s position in the global crypto market. Kazakhstan’s government forming a roadmap to stimulate the development of the cryptocurrency industry and blockchain technology in the country. State authorities have reviewed proposals to address the crypto industry's development and reconsider the state’s approach to regulating crypto operations, according to a Tuesday announcement on the website of the Prime Minister of Kazakhstan. Officials have proposed to run crypto exchanges via a major national financial hub, the Astana International Financial Centre.

South Korea's Banking Association Cautions Against Growing Altcoin Influence

The Korea Federation of Banks wants its members to keep track of altcoins that trade on exchanges.

Crypto Listing and Delisting Announcements: Week 19

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: Autonio (NIOX) Splyt Core (SHOPX) Casper

Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis

Mike Novogratz, the CEO of Galaxy Digital, wants exchanges to start listing in the smallest unit of bitcoin otherwise known as “satoshis”.

South Korea's banking association alarmed by altcoin trading mania

South Korea’s banking body wants crypto exchanges to be wary of the risks of being overexposed to altcoins. The Korea Federation of Banks has raised alarm over the increase in altcoin trading volumes across crypto exchanges in the country. According to a report by The Korea Herald on Monday, the banking association has asked member banks to conduct an audit on the altcoins being offered by their crypto exchange clients. The KFB is reportedly concerned about the potential risks of banks providing account services to exchanges overexposed to altcoins.

‘Time to Switch to Satoshis’: Mike Novogratz

The CEO of Galaxy Digital has said that crypto exchanges should start listing Satoshis (SATS), the smallest unit of Bitcoin.

Ethereum is Experiencing Consistent Supply Depletion Due to Massive Exchange Withdrawals

Ethereum is leaving crypto exchanges, causing a huge supply deficit.

Dogecoin, Ethereum, XRP, LTC: What the surge in altcoin interest means to Binance and other exchanges?

Since the beginning of Bitcoin's bull run, web traffic across crypto exchanges like Binance, Coinbase, Kraken have seen numbers double and triple.

Turkish Crypto Exchanges Must Report Anyone Trading Over $1,200 to Gov

Turkey’s forthcoming anti-money laundering regulations force cryptocurrency exchanges to report customers trading over 10,000 Turkish lira.

New US Regulatory Agency Possibly In The Works To Oversee Crypto Exchanges Directly

The US Securities and Exchange Commission (SEC) Chair, Gary Gensler, said Congress needs new regulatory frameworks for crypto exchanges.

SEC Chair Gary Gensler Asks Congress to Regulate Crypto Exchanges

Gary Gensler, the chairman of the SEC, has urged US Congress to create a regulatory framework for crypto exchanges in the United States.

SEC chair hints at greater regulatory oversight for US crypto exchanges

Gary Gensler said a regulatory framework for digital assets from the SEC or CFTC "could instill great confidence" for investors.

SEC Chair: Congress Should Consider Regulating Crypto Exchanges

It was Gary Gensler's first appearance before the House Financial Services Committee as SEC Chairman.

Indian startup organization proposes regulatory framework for crypto

An internet startup association in India has asked the government to define cryptocurrencies like Bitcoin as digital assets and not currencies. IndiaTech.org, an industry association representing India’s consumer internet startups and investors, wants to provide clear definitions for the cryptocurrency industry. On Wednesday, the association released a white paper including a policy proposal with recommendations for a regulatory framework for crypto assets and crypto exchanges in India. The proposed framework suggests to define cryptocurrencies like Bitcoin (BTC) as digital assets and not currencies.

South Korean Banking Regulations a Threat to ‘Big 4’ Crypto Exchanges

South Korea’s newly imposed anti-money laundering (AML) and banking regulations are causing tensions that have reportedly left even the big four domestic crypto exchanges to fear for their futures. The new regulations, which force crypto exchanges to ensure all of their customers use real name- and social security number-authenticated bank accounts at domestic

Crypto Listing and Delisting Announcements: Week 18

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: Smoothy.Finance (SMTY) DefiDollar DAO

Crypto.com to use CipherTrace tool to comply with FATF's travel rule

Crypto.com has chosen CipherTrace's specialized compliance tool to help it fulfill the complex requirements of the FATF's industry-shaping “travel rule.” Crypto.com, the creator of a cryptocurrency exchange, wallet, debit card program and crypto app, is strengthening its compliance toolkit by implementing a commercial solution developed by crypto intelligence firm CipherTrace. CipherTrace's tool, called Traveler, takes its name from being designed to meet the complex requirements of the Financial Action Task Force's so-called “travel rule,” which came into force for Virtual Asset Service Providers, or VASPs, in 2020. The FATF's travel rule requires regulators and VASPs — including crypto exchanges, custody providers and OTC trading desks — to gather and share customer data during transactions.

Thailand to Implement In-Person KYC Step for Crypto Exchanges

Thailand has introduced a new method of verifying clients’ identities for crypto exchanges.

Thailand to introduce in-person KYC for crypto exchanges

Thailand’s government aims to curb new crypto account creation with stringent KYC requirements.

Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges

The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges.

Phemex Lists 8 New Coins, Reintroduces Ripple

Phemex, one of the fastest crypto exchanges and futures trading platforms in the industry, has further bolstered its offering by announcing the inclusion of 8 new cryptocurrencies available in both their crypto spot market and derivatives market.

Turkey Forces Crypto Exchanges to Report More Customer Information

Turkey’s crypto industry faces fresh regulations this month.

Exchanges Reopen Centers to Cater for Older Crypto Customers

South Korea’s biggest crypto exchanges are tentatively reopening their bricks-and-mortar customer centers – seemingly driven by a rise in older would-be investors who would rather get tips on crypto buying on a face-to-face basis than via smartphone or PC apps. Per Chosun and Joongang Ilbo, the market-leading trading platform Bithumb has announced that it will be opening

Crypto Ecosystem Matures, But There Are Fewer New Entrants

The growth of business models outside crypto exchanges demonstrates the maturation of the crypto market’s infrastructure, while a noticeable decline in pre-seed deals shows a lack of new entrepreneurial entrants to the cryptospace, according to Mike Novogratz-led crypto-focused financial services and investment management firm Galaxy Digital. Alex Thorn, the company’s

Top Korean crypto exchanges reopen brick-and-mortar customer centers

Both Coinone and Bithumb have reopened their customer centers in the capital city in response to a surge in domestic interest in cryptocurrencies. Coinone, one of South Korea's top four cryptocurrency exchanges, has reopened its offline customer center in Seoul.

Task Force to Tell Washington: Ramp Up Crypto Exchange Regulation

An advisory body will reportedly tell the American government to increase the level of its policing of crypto exchanges – with a new spate of anti-money laundering (AML) measures possibly incoming at trading platforms operating in the country. Per a report from Reuters, the Ransomware Task Force, a public-private body made up of secret service officials and industry

Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cryptocurrencies

The Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are now being investigated for fraud.

Turkey Government Considers Introducing New Regulations After Collapse of Two Crypto Exchanges

Turkey is discussing plans to tighten crypto regulations after two local exchanges collapsed a few days ago.

Upbit Introduces Daily Limit on Deposits as ‘Self-Regulation Begins’

South Korean media outlets have suggested the nation’s crypto exchanges are beginning to “self-regulate” as pressure mounts from the government – with the Upbit trading platform capping crypto deposits to a daily maximum of just under USD 450,000. Per Donga Ilbo, one of the country’s biggest newspapers, the new daily deposits cap is a “sign that the industry may be

Crypto Listing and Delisting Announcements: Week 17

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: Oddz Finance (ODDZ) KuCoin Token (KCS)

2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading.

South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government.

Seoul to Target Kimchi Premium Crypto Sellers by Policing Int’l Remittances

The South Korean government is consulting on plans to regulate overseas remittances and banks with ties to crypto exchanges over concerns money is flowing abroad from the country in crypto purchases. Per Maeil Kyungjae, it appears that some South Korea-based investors are attempting to exploit the kimchi premium by transferring fiat abroad to buy crypto from over-the-counter

Crypto Listing and Delisting Announcements: Week 16

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: OptionRoom (ROOM) Zignaly (ZIG) JulSwap (JULD)