India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report

India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders.

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.

Bank of Korea wants to monitor crypto trading activity, cites monetary risks

South Korea’s central bank is the latest entity seeking powers to monitor crypto trading activity in the country. The Bank of Korea reportedly has plans to maintain strict oversight on crypto trading activity via real-name bank accounts.According to a report by The Korea Herald on Thursday, the BOK is seeking authority under Article 87 of the country’s central bank Act, stating: “We plan to utilize our legal authority over requesting document submittal from financial institutions to monitor the volume of cryptocurrency transactions made through bank accounts.”The above comments are reportedly from documents submitted by the BOK to lawmakers in the country with the central bank wary of unlawful crypto transactions causing significant risks to internal monetary control policies.According to a BOK official, the central bank’s crypto monitoring regime could begin in September if approved by lawmakers.

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.

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.

South Korean Police Officers Banned From Buying Cryptocurrency

A recent ban imposed by the South Korean National Police Agency will bar particular officers from purchasing additional cryptocurrencies.

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.

Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts

The Thai government has reportedly imposed a new cryptocurrency requirement.

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

All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns

The chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), Eun Sung-soo, has warned that all of the cryptocurrency exchanges in the country could be shut down.

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.

Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea

The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes.

Egypt’s Growing P2P Volumes Being Driven by Crypto Traders Under the Age of 34

A recent market report by Localbitcoins suggests that traders or holders under the age of 34 are driving crypto volumes in Egypt.

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)

Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People

Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions.

Chinese Central Bank Calls Bitcoin an ‘Investment Alternative’

China may be softening its tone on cryptoassets, almost four years after it exacted a crackdown on bitcoin (BTC), altcoins and crypto exchanges, with encouraging remarks from Li Bo, the new deputy governor of the central People’s Bank of China (PBoC). Li Bo was quoted by multiple media outlets, including CNBC and the South China Morning Post as making remarks about BTC,

The perils of suing crypto exchanges after ransomware attacks

As seen in the case of AA v. Bitfinex, targeting a crypto exchange over stolen funds is a high-risk, low-reward proposition. In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems.

Nigeria’s SEC in Talks With Central Bank of Nigeria Over Crypto Regulation— 2020 Crypto Guidelines Still Suspended

Nigeria’s Securities and Exchange Commission (SEC) has revealed that talks with the Central Bank of Nigeria (CBN) regarding the regulation of cryptocurrencies are ongoing.

Nigeria's SEC says central bank's crypto ban disrupted the market

The Securities and Exchange Commission of Nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets. Lamido Yuguda, the director-general of Nigeria’s Securities and Exchange Commission has said the central bank’s crypto ban has caused significant disruptions to the market. According to a report by The Guardian, the SEC director-general made this assertion known during a press conference organized after the meeting of the Capital Market Committee on Thursday. As previously reported by Cointelegraph, the Central Bank of Nigeria barred commercial banks from servicing crypto exchanges back in February. According to Yuguda, the Commission has been forced to pause its planned cryptocurrency regulatory framework announced in September 2020. The SEC director-general also maintained that the suspension of the Commission’s crypto regulatory plans will remain in place until exchanges can operate bank accounts in the country. As part of his address, the SEC chief maintained that the Commission was working with the CBN to create an optimal regulatory regime for cryptocurrencies in the country.

More S Korean Exchange Customers in Nervous Hunt for their Crypto

The South Korean media is carrying more reports of crypto exchanges delaying their clients’ withdrawal requests – and in some cases failing to respond to the customers altogether as investors’ worries about the security of their funds intensify. As previously reported, crypto holders with tokens and fiat on a number of smaller trading platforms have been

South Korea's Gyeongju targets tax defaulters via virtual asset seizures

The South Korean city of Gyeongju is in the news today after it announced that it is investigating the virtual asset possessions of tax evaders with the help of crypto-exchanges.

South Korean crypto traders are pivoting to ‘smaller cap’ altcoins

Bitcoin trading activity in South Korea has reportedly dipped amid rising interest in smaller altcoins. South Korea’s “big four” crypto exchanges — Bithumb, Korbit, Upbit and Coinone — are showing a marked cooling off in Bitcoin (BTC) enthusiasm. Meanwhile, altcoins are now accounting for the highest 24-hour trading volume according to data from multiple market aggregators. Apart from XRP, which is often popular among crypto traders in Asia, altcoins with smaller market capitalizations are leading the way in terms of trading volume on the big four. Data from crypto research outfit Messari shows Ravencoin (RVN), NEAR Protocol (NEAR), and New Kind of Network (NKN) as the three top-traded cryptos by volume on the Upbit exchange. NKN’s volume surge on South Korean exchanges is indicative of the altcoin pivot seemingly gaining a foothold among crypto traders in the country.

Biden Seeks 50% Budget Increase for FinCEN to Combat Illicit Finance

The bureau has previously pushed for transparency rules that would require crypto exchanges to perform KYC checks on customers’ private wallets.

Crypto Listing and Delisting Announcements: Week 15

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 Delistings: OKB (OKB) Bibox Listings: Essentia

How Is XRP Lawsuit Now And Where Can I Trade XRP?

XRP, a cryptocurrency that is primarily built for transactions, can be purchased on crypto exchanges.

New South Korean Crypto ‘Crackdown’ not ‘Bluster’ as Banking Ties Strain

Source: Adobe/Raphaël Bourgeois The South Korean government has announced that it will embark on a “crackdown” on illegal crypto transactions, including those made on international crypto exchanges – following a meeting of high-powered political leaders, law enforcers and financial regulators. Chosun reported that the Second Deputy Secretary of State Moon Seung-wook had convened a meeting

Bexplus is at the center of the Relist XRP campaign

XRP is a cryptocurrency that is primarily built for transactions that can be purchased on crypto-exchanges.

Binance Boss CZ Only Has Eyes for Bitcoin and BNB

Changpeng Zhao. Source: Instagram, Binance Changpeng “CZ” Zhao, the head of Binance, one of the world’s biggest crypto exchanges, said that his crypto portfolio is made up entirely of bitcoin (BTC) and his own company’s binance coin (BNB). In a Twitter post, Zhao wrote that while Binance “holds a bit of everything listed,” his own personal holdings comprise of “some” BTC he

At Least 10 South Korean Crypto Exchanges’ ‘Survival Not Guaranteed’

More South Korean crypto exchanges are almost certain to fold in the months ahead, regulators and industry insiders have claimed, with just five months left before some of the toughest policing measures in the world come into force. Per Fn News, regulatory sources familiar with the matter claim that “at least 10 exchanges” are on the verge of closure and that their

CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker

“If the prices on South Korean exchanges stabilize, then we will add the data back in, but that hasn’t happened yet,” said a CoinMarketCap spokesperson. Crypto price trackin website CoinMarketCap has removed many South Korean exchanges from its calculations for the price of Bitcoin as the coin dipped under $58,000 again. As of today, CoinMarketCap’s Bitcoin price tracker shows no data from major South Korean crypto exchanges including Upbit, Bithumb, Coinone, and Korbit.

Why The Return Of The Kimchi Premium Doesn’t Bode Well For Bitcoin

Bitcoin price is currently trading at a substantial premium on South Korean crypto exchanges – more than $6,000 per coin in USD equivalent.

Crypto Listing and Delisting Announcements: Week 14

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. _________________________________________ AscendX Listings: Xend Finance (XEND) Persistence (XPRT) Hermez

Thai crypto adoption is booming, with volume up 588% since November

While crypto volumes surge on Thailand’s licensed exchanges, P2P platforms appear to be falling out of favor Crypto adoption appears to be booming in Thailand, with the local Securities and Exchange Commission, or SEC, estimating domestic crypto volumes have increased by nearly 600% since November. Data compiled by the Thai’s SEC and published by Bloomberg indicates combined volume across licensed Thai crypto exchanges increased from 574.5 million in November to $3.96 billion in November. Speaking to Bloomberg, Atichanan Pulges, co-founder of top Thai exchange Bitkub, estimated volume on his platform had increased by 40% between January and February.

US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex

The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms.

Implementing the double-edged sword of KYC is a must for crypto exchanges

The bull market effect has made Know Your Customer regulation more important than ever for cryptocurrency exchanges. During 2017’s bull market, most crypto services lacked the proper Know Your Customer and Anti-Money Laundering measures.

FinCEN Rule Would Expose All Your Bitcoin Transactions: EFF

A FinCEN rule ordering crypto exchanges to collect KYC on wallets would expose users' transaction histories, said the Electronic Frontier Foundation.

How is XRP Lawsuit Now and Where Can I Trade XRP?

The text below is an advertorial article that was not written by Cryptonews.com journalists. XRP, a cryptocurrency that is primarily built for transactions, which can be purchased on crypto exchanges.

Coinbase Listing Has Largest Impact On Price Among 6 Exchanges - Messari

Source: Instagram, Coinbase Among six of the major crypto exchanges, Coinbase listings have the biggest effect on a coin's price, according to a researcher at the crypto intelligence firm Messari. Its report noted the so-called 'Coinbase Effect' as a well-known phenomenon referring to the positive effects that an announcement of an asset listing on this exchange has on that asset's price, given

Customers of Small South Korean Crypto Exchanges Fear for their Funds

South Korean crypto exchanges are now among the most tightly policed trading platforms in the world after a new piece of anti-money laundering (AML) legislation promulgated last week, also placing controls on banking operations and much more.

Crypto Listing and Delisting Announcements: Week 13

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. _________________________________________ Atomars Listings: PancakeSwap (CAKE) Chiliz (CHZ) Bibox

Stablecoin reserves on crypto exchanges hit new historic high of $10B

Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin. Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on March 28, exceeding $10 billion. Cryptocurrency exchanges are now holding nearly 16% of the total market value of all stablecoins, as stablecoin market capitalization amounts to $63 billion at the time of writing, according to data from CoinGecko.

India’s Crypto Exchanges Join Forces in Face of Looming Bitcoin Ban

Indian crypto exchanges are reaching out to the country's finance minister and central bank, to explain how the crypto market could be regulated.

Indian Government Now Requires Companies to Disclose Cryptocurrency Holdings

The Indian government has introduced new cryptocurrency disclosure rules.

Major South Korean Bank BNK Busan Plans to Offer Banking Services to Domestic Crypto Exchanges

The South Korean crypto frenzy among the banking industry remains on fire, as another major bank is treading waters to offer banking services for crypto exchanges.

Ethereum Alternative Solana Gets USD 40M Boost

Proof-of-stake protocol Solana (SOL), which is being touted as another alternative to Ethereum (ETH), has announced two strategic investments today, from crypto exchanges OKEx and MXC, with the combined funds to be used for the growth of projects in the Solana ecosystem, as well as expanding the resources required to bring new decentralized apps (dapps) and protocols

Sales and Income Rocket at South Korea’s Biggest Crypto Exchanges

South Korean crypto exchanges are having a bumper 2021, with sales and income figures rising through the roof at the nation’s two largest trading platforms. Per Herald Kyungjae, recently released data from Vidente, a minority shareholder in the market-leading Bithumb exchange, showed that the platform’s net sales for the past financial year were USD 193.5m.

Indian Government May Block IP Addresses of Crypto Exchanges

As the Indian government prepares to introduce the cryptocurrency bill, there are reports that it is considering blocking the IP addresses of cryptocurrency exchanges.

“Relist XRP” Tweets Trend on US Twitter Following SEC-Ripple Hearing, XRP Surges by 13%

Following the hearing between the SEC and Ripple, many XRP advocates took to Twitter to demand that crypto exchanges relist XRP.

Crypto Listing and Delisting Announcements: Week 12

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. _________________________________________ Atomars Listings: Escoin (ELG) Mantra DAO (OM) Venus (XVS)

XRP Army gets 'RelistXRP' trending, demands exchanges comply

Many crypto exchanges halted trading for XRP or delisted the token since the SEC announced their lawsuit last year.

Crypto Exchanges Not in Violation of Securities Laws by Listing XRP, Implies SEC Lawyer

The discovery hearing between the Securities and Exchange Commission and Ripple Labs may have tipped the scale in the latter’s favour.

Nigeria's central bank not discouraging people from trading crypto, says governor

The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks. Godwin Emefiele, governor of Nigeria’s central bank which previously banned banks from servicing crypto exchanges, has reportedly clarified the bank’s position on the use of cryptocurrencies in the country. According to local news outlet TodayNG, Central Bank of Nigeria, or CBN, deputy governor Adamu Lamtek said on behalf of Emefiele that the bank had not banned Nigerian residents from buying, trading, or selling crypto, but “[protected] the banking sector from the activities of cryptocurrencies.” Lamtek spoke at a seminar for the Finance Correspondents and Business Editors in the capital, Abuja. “The CBN did not place restrictions from use of cryptocurrencies and we are not discouraging people from trading in it,” said Emefiele.

Polkadot becomes latest to use Simplex's fiat onramp

The integration with Simplex will provide DOT users another route from fiat into crypto. Fiat-to-crypto onramp provider Simplex will now support Polkadot in its network of crypto exchanges, wallets, and brokers. In an announcement today, Simplex said its integration of Polkadot (DOT) would allow crypto users to purchase the token with a credit or debit card, Apple Pay, or bank transfer.

Crypto Exchanges Might Be Getting Around 100K New Users Per Day - Analyst

While multiple companies sharing how many millions of new crypto users they've got recently, one popular crypto analyst made an estimation, how many new bitcoin (BTC) traders crypto exchanges might be getting per day. Willy Woo shared that, based on the data provided by on-chain analysis firm Glassnode and the Cambridge Centre for Alternative Finance, the number of new BTC

Belarus tech innovation zone may take on regulatory role for crypto business

The administration of Belarus Hi-Tech Park is the best authority to regulate the crypto market in the country, First Deputy Prime Minister Nikolai Snopkov said. The Belarusian government has proposed to appoint the Hi-Tech Park Administration as a supervisory authority for local crypto exchanges and digital tokens, First Deputy Prime Minister Nikolai Snopkov announced on March 16.  “The government has proposed to make the Administration of the Hi-Tech Park a supervisory body for crypto-exchanges and digital tokens.

Proposed FinCEN rule is a 'grave threat to personal privacy,' says Coin Center

In its latest comment, the advocacy group goes after the proposed requirement to create currency transaction reports for crypto transactions. After the US Treasury Department extended the comment period for anyone to express their thoughts on a proposed crypto rule, non-profit crypto policy advocate group Coin Center has made another — and possibly final — argument to regulators. Coin Center directed its comment to the Financial Crimes Enforcement Network, or FinCEN, over proposed rules that would require registered crypto exchanges in the US to verify the identity of people using "an unhosted or otherwise covered wallet" for a transaction of more than $3,000 and report on all crypto transactions of more than $10,000.

Crypto Listing and Delisting Announcements: Week 11

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. _________________________________________ Atomars Listings: Elrond (EGLD) Smartlands Network (SLT)

South Korea deepens probe on tax evasion via cryptocurrencies

South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments. The National Tax Service of South Korea is increasing its efforts to combat tax evasion and is now focusing on the use of cryptocurrencies for such illicit activities. According to The Korea Herald, the tax agency has identified more than 2,400 tax evaders who used cryptocurrencies to hide assets worth over 36.6 billion won ($32 million) from the government. The NTS said it targeted individuals with more than 10 million won ($8,800) in tax defaults while also recovering cash, bonds, and other hidden assets. Indeed, the agency reportedly plans to conduct a deeper probe of some of the individuals caught in the tax evasion scheme. As part of its investigations, the NTS liaised with crypto exchanges in the country to obtain detailed customer trading reports.

Reported volume of top South Korean crypto exchanges surpasses that of the country's stock market

The increase in volume came as the price of Bitcoin rose to a new all-time high of more than $61,000 Saturday. The volume of transactions in the South Korean digital currency market briefly exceeded the daily average transaction amount of the country’s stock market on Sunday. According to data from CoinMarketCap, the combined 24-hour volume of major South Korea-based crypto exchanges UPbit, Bithumb, Coinone, and Korbit was more than $14.6 billion on Sunday.

Ripple Acquires Firm With Expertise in Building Trading Platforms, Integrating With Crypto Exchanges

Digital payments giant Ripple appears to be preparing to expand its network, acquiring an unnamed firm with proficiency in developing exchange platforms.

Ripple to Dispose Stake in Moneygram Shortly After Announcing End of a Business Relationship

Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company.

China’s Social Media App Weibo Reportedly Bans the Accounts of Binance, OKEx, and Huobi

The accounts of several crypto exchanges, namely Binance, OKEx, and Huobi, have reportedly been banned by the Chinese social media platform - Weibo.

Amid SEC battle, Ripple's Chris Larsen and crypto exchanges transfer over 136 million XRP

As the legal battle between Ripple and its cofounders and Untied States SEC continues, large amounts of XRP have been changing hands recently.

South Korea to Impose Hefty Fines on Crypto Exchanges for Failing to Comply with AML Rules

Cryptocurrency exchanges based and operating in South Korea could be penalized for failing to implement approved AML regulations.

Korean crypto exchanges could soon face fines for gaps in due diligence measures

South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.

Bitcoin Balances on Exchanges Are Draining, Leading Platforms See $10 Billion in BTC Withdrawn in 4 Months

Bitcoin prices have regained momentum during the last two days as the price per coin touched a March 2021 high at $54,822 on Tuesday morning (ET).

Seychelles' FSA issues notice cautioning against use of Huobi services

Huobi, one of the market's most-popular crypto-exchanges and one synonymous with Seychelles, is in the news today after the archipelago's Financial Services Authority clarified that it has never super The post Seychelles' FSA issues notice cautioning against use of Huobi services appeared first on AMBCrypto.

Crypto Listing and Delisting Announcements: Week 10

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. _________________________________________ Atomars Listings: SHD CASH (SHDC) Alpha Finance (ALPHA) Reef

SEC’s Case Against Ripple and XRP Is Huge Risk for Crypto Exchanges, Says Kraken CEO

Kraken CEO and co-founder Jesse Powell fears that the US Securities and Exchange Commission’s (SEC) case against Ripple could put crypto exchanges in jeopardy.