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

Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024

Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration.

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.

ASX sounds crypto exchange custody warning, calls for better regulations

The Australia Securities Exchange says crypto investors in the country need to be mindful of the dangers of holding their cryptocurrencies on exchange platforms. The Australia Securities Exchange (ASX) has weighed in on the issue of crypto custody amid the ongoing discussions within the country’s Senate Select Committee on Financial Regulatory Technology.In a submission to the committee on July 16, ASX highlighted crypto custody on centralized exchanges as a significant risk factor for investors.The ASX submission outlined the implications of crypto exchange custody arguing that investors do not have access to their private keys while their funds are domiciled in these platforms — another way of saying “not your keys, not your coins.”According to the ASX, crypto funds left on exchange wallets are vulnerable to cybersecurity risks in the form of theft by hackers.

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.com Becomes Malta’s First Licensed Digital Currency Exchange to Offer Bank Transfers

The digital asset trading platform Crypto.com has announced the firm has become the first global cryptocurrency exchange to obtain an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA).

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.

NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands

On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v.

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

Using Decentralized Digital IDs and Blockchain to Help Millions in Africa Get Identified

With over 1.3 billion inhabitants, Africa accounts for over 16% of the world’s population.

Korean investigation finds $1.48B in illegal overseas crypto transactions

More than 30 people are facing fines and prosecution in South Korea for allegedly contravening the country’s ban on overseas crypto transactions. An interagency investigation into suspected crypto fraud and money laundering in South Korea has led to the discovery of 1.69 trillion won (about $1.48 billion) in illegal overseas cryptocurrency transactions.According to The Korea Times, 33 people have been implicated by the Seoul Central Customs for contravening the country’s ban on overseas crypto trading.

Sen. Warren queries SEC chair on lack of crypto investor protection

The former presidential candidate has written to the SEC chairman for answers about plans for crypto consumer protection protocols in the United States. Democratic Senator and former US presidential aspirant Elizabeth Warren has once again raised alarms about the current regulatory climate for crypto in the country.According to Reuters, Senator Warren has written to Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), demanding answers about the scope of the SEC's crypto oversight in the area of consumer protection.In a statement issued by Senator Warren, the chair of the Subcommittee on Economic Policy bemoaned the lack of protection for crypto investors against the activities of rogue actors, adding:"These regulatory gaps endanger consumers and investors and undermine the safety of our financial markets.

Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks

South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space.

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.

Crypto Listing and Delisting Announcements: Week 27

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: Radix (eXRD) HOPR (HOPR) Bibox Listings:

‘Only 4 Korean Exchanges to Be Left Standing’ in September, Warn Banks

Source: Adobe/Александр Кузьмин South Korean commercial banks “increasingly believe” only four crypto exchanges will survive beyond a September 24 deadline – after which crypto exchanges will need to adopt anti-money laundering (AML) protocols and find banking partners in order to keep operating. The nation’s first piece of crypto-specific legislation promulgated in March,

New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange

Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry.

Bitcoin and Ethereum Supply Dropping on Major Crypto Exchanges, Changing Tide Favors Bulls: Santiment

A leading crypto analytics firm is assessing the state of Bitcoin (BTC) and Ethereum (ETH).

Is India mulling the taxation of foreign crypto-exchanges to the tune of 18%?

The last few months of the year have been interesting yet dramatic for the cryptocurrency market.

ETH Holdings on Exchanges Drops Below 18% in 31 Months

ETH holders are still confident that an uptrend is in the offing as they have been withdrawing their holdings on crypto exchanges in droves, as acknowledged by crypto analytic firm Santiment.

Indian Crypto exchanges: Getting to the bottom of 'the problem the industry is facing'

Indian crypto businesses have been struggling with unclear regulations and now, exchanges are seeking secure, viable, permanent payment solutions.

South Korea’s 4 Biggest Crypto Exchanges to Adopt FATF’s Travel Rule

The “big four” South Korean crypto exchanges have signed a Memorandum of Understanding (MOU) deal that will see them jointly implement the Financial Action Task Force (FATF)’s Travel Rule.

Why did Coinbase have to list Dogecoin?

Coinbase, one of the world's most prominent crypto-exchanges, has always taken pride in its clientele and the services, products, and offerings it gives it.

Crypto exchanges in India still struggling to secure banking partners

India’s crypto exchanges continue to cope with the burden of limited access to banking services. Commercial banks in India are reportedly reluctant to do business with crypto exchanges in the country.According to Reuters on Thursday, crypto trading platforms in India are still finding it difficult to open accounts with financial institutions.

South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations

The heads of Bithumb, Korbit, Coinone, and Upbit signed a memorandum to form a company with a system, which will enable them to adhere to anti-money laundering regulations.

UK NatWest Bank Restricts Daily Transfer Amount to Crypto Exchanges, Including Binance

To prevent the occurrence of fraud-related incidents, NatWest bank has tightened restrictions on crypto-related activities followed by the UK financial watchdog imposing restrictions on crypto exchanges.

UK’s NatWest bank limits transactions to crypto exchanges

NatWest and other UK high street banks have ramped crypto curbs amid recent regulatory pressure on the sector.

64 Cryptocurrency Firms Have Withdrawn Applications to Operate in UK, FCA Says

A growing number of crypto firms in the UK are withdrawing their applications to register with the Financial Conduct Authority (FCA).

Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business.

Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time

Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations.

Crypto Listing and Delisting Announcements: Week 26

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: Swarm (BZZ) TYB (TYB) EtherLite Coin (ETL) Twinci

Binance Asks Users From Entire Canadian Province To Close Accounts Amid Crypto Exchange Crackdown

Binance is ending its services in Ontario, Canada as crypto exchanges in the province face heightened regulatory scrutiny.

South Korean Crypto Exchanges Ready for Legal Fight Amid Closure Threats

Source: Adobe/david_franklin South Korean crypto exchanges are preparing lawsuits to sue the government or challenge it in the constitutional court if they fail to meet a September regulatory deadline and are obliged to close. New regulations for crypto exchanges, which have already passed into law, will be enforced as of September 24.

Crypto exchanges could sue Korean gov't for ‘passing the buck‘ to banks

With many crypto exchanges in South Korea now on a precipice as a new regulatory framework kicks in, some are threatening to sue the government over its alleged shirking of key responsibilities. With the implementation of new rules from South Korea’s Financial Services Commission (FSC), many smaller cryptocurrency exchanges in the country fear they will be forced to shut down. These rules require that each exchange must prove it has a real-name account held at a Korean bank by Sept.

Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering.

Regulators in UK, Japan Issue Warnings on Binance Amid Crackdown on Unauthorized Crypto Exchanges

Top financial regulators in England and Japan have independently issued warnings on Binance for offering crypto exchange services to residents of the two countries without being registered with the regulators as required by law.

Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the Province

Cryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario.

Government, Police to Inspect all 60 of South Korea’s Crypto Exchanges

The South Korean financial regulator is to radically step up its monitoring of the crypto industry – with an announcement that it is set to conduct inspections at all 60 of the nation’s crypto exchanges in conjunction with the police and independent IT inspectors. After being accused of dragging its feet and “neglecting” the domestic crypto sector, Seoul

FCA Warns 111 Crypto Firms Are Operating Illegally in UK — Says ‘This Is a Very Real Risk’

UK’s financial regulator, the Financial Conduct Authority (FCA), has warned that 111 companies are offering crypto services in the country without proper registration.

South Korean Exchanges Delist More Altcoins to Meet Banking Requirements

Crypto exchanges in South Korea continue to delist more altcoins from their platforms as the deadline for partnering with banks draws nearer.

Central Bank Of Portugal Approves Licenses For Crypto Exchange

In another win for the adoption of blockchain technology and cryptocurrencies, the Central Bank of Portugal (Banco de Portugal) has officially announced that they will begin approving licenses for crypto exchanges to operate within the country.

Blockchain Capital secures $300M funding from PayPal, Visa

Blockchain Capital has attracted investment from PayPal, Visa, and other investors to the tune of $300 million for its Fund V LP. PayPal and Visa are among several major investors to have participated in a $300 million funding for Blockchain Capital.In a release issued on Tuesday, Blockchain Capital announced that the close of its Blockchain Capital V LP.According to the release, Fund V, capped at $300 million was oversubscribed with numerous investors including college endowments, family offices, and pension funds participating in the capital raise.As part of the announcement, Blockchain Capital stated that PayPal, Visa, and some other Fund V investors will take part in the firm’s strategic partnership program.Blockchain Capital is one of the oldest blockchain-focused funds in the industry and currently backs major projects including crypto exchanges like Kraken and Coinbase as well decentralized finance protocols like UMA, Nexus, and Aave.The firm also has footprints in the nonfungible token space with NFT marketplace OpenSea a part of its portfolio.As previously reported by Cointelegraph, Blockchain Capital together with Morgan Stanley Tactical Value led a $48 million Series B funding round for asset tokenization platform Securitize.

India May Imposes 2% "Equalization Levy" on Offshore Crypto Exchanges

According to local media sources in India, the regulator intends to impose a 2% "equalization levy" on investors for cryptocurrency trading services from offshore exchanges that provide services to the Indian market.

South Korea Mulls Singapore-style Approach to Crypto Regulation

Singapore. The South Korean financial regulator is looking to Singapore for inspiration as it forms new crypto sector policies, sparking anticipation that it may look to adopt a similar system. Singapore is known for having one of the most progressive approaches to crypto regulation in the world, and its crypto exchanges are policed by the central bank and chief

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.

Tehran Government Bans Iran Blockchain Association

The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA).

Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer

The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures.

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

Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes

Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges.

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.

Major Cryptocurrency Exchanges Explore Entering Indian Crypto Market

Several major global cryptocurrency exchanges are reportedly exploring ways to enter the Indian crypto market.

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.

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

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.