Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments

Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges.

Traders in Korea Could Lose Billions This Month As Regulatory Crackdown Deadline Approaches: Report

Crypto traders in South Korea could reportedly lose assets worth more than $2.6 billion as the country’s digital asset exchanges stare down the barrel of impending regulations that could have a large impact on the crypto industry.

Banks vs. exchanges — regulators overwhelmingly penalize fiat, not crypto

Data from a recent report suggest that enforcement actions from US regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years. While regulators have often targeted projects in and out of the crypto space, the fines levied against digital asset exchanges are a fraction of those against traditional financial institutions.According to data from Good Jobs First’s violation tracker, the platform analyzed 50 of the biggest fines regulators levied against major banks, investment firms, and brokers over the last 20 years.

Huobi Global cooperates with Arbitrum to provide deposits and withdrawals

Huobi Global, one of the world's leading digital asset exchanges, announced today technological cooperation with Arbitrum, a market-leading Optimistic Rollup solution, developed by Offchain Labs, aimiThe post Huobi Global cooperates with Arbitrum to provide deposits and withdrawals appeared first on AMBCrypto.

Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges

The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country.

Iran’s tax authority wants to legalize crypto exchanges

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

TeraBlock Partners with Binance Cloud to Bring Industry-Leading Technology, Liquidity, and Security Solutions to Users

[PRESS RELEASE – June 30, 2021 – Tortola, British Virgin Islands] TeraBlock, a cryptocurrency trade automation exchange, is excited to announce its partnership with Binance Cloud, an infrastructure solution for customers and partners to launch digital asset exchanges, leveraging Binance’s industry-leading technology, security, and liquidity.

TeraBlock Partners With Binance Cloud To Bring Industry-Leading Technology, Liquidity and Security Solutions to Users

June 30, 2021 – Tortola, British Virgin Islands TeraBlock, a cryptocurrency trade automation exchange, is excited to announce its partnership with Binance Cloud, an infrastructure solution for customers and partners to launch digital asset exchanges, leveraging Binance’s industry-leading technology, security and liquidity.

Google reversing crypto ads ban a testament to blockchain market maturity?

Since 2018, tech giant Google has been in an on-and-off relationship with crypto, but can the latest favorable outlook stick? The term “unpredictable” has almost become synonymous with the crypto industry at this point, as was on full display recently when technology juggernaut Google decided to un-ban digital asset exchanges from using its advertisement services after a lengthy period of almost three years. In this regard, a policy update blog released by the firm stated that come Aug.

Crypto at risk after Facebook leak: Here’s how hackers can exploit data

Attacks on digital asset exchanges and trading platforms have decreased drastically in recent years, but data leaks still leave users vulnerable. Facebook is no stranger to data hacks and leaks, with the company having been on the receiving end of many high-profile security breaches in recent years.

HSBC Blocks Transactions From Crypto Exchanges

Crypto traders and investors in the UK can no longer transfer their funds from digital asset exchanges to HSBC bank.

OKCoin says crypto industry lacks means to comply with new US Treasury proposal

If passed, the United States’ crypto wallet proposal would create significant hassles for digital asset exchanges.

Trade Finance bank Euro Exim to facilitate payments using RippleNet

Global trade finance bank, Euro Exim is working with Ripple to connect banks, payment providers, and digital asset exchanges via RippleNet. Euro Exim is a class A International Banking Financial in The post Trade Finance bank Euro Exim to facilitate payments using RippleNet appeared first on AMBCrypto.

OKEx Announces Support for Spark (FLR) Airdrop as XRP Holders Prepare for Token Distribution

OKEx has joined other digital asset exchanges in announcing support for the upcoming Spark (FLR) token airdrop.

Major Exchanges Are Hiring: Here’s What the Data Is Saying

Bitcoin (BTC), is back in a full-blown bull market, ethereum (ETH) and altcoins are rallying too, prompting a hiring spree at leading digital asset exchanges.

Binance Cloud now includes DeFi enterprise solutions

Binance's all-in-one enterprise solution for launching digital asset exchanges, Binance Cloud is expanding services to include perpetual futures, DeFi enterprise solutions, and third-party payment sol The post Binance Cloud now includes DeFi enterprise solutions appeared first on AMBCrypto.

187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops.

Are UNI Tokens Subject to Securities Enforcement Action by the SEC?

Philip Liu is the Co-Founder and Chief Legal Officer of Arca, a blockchain- and crypto-focused investment advisor in Los Angeles. Uniswap overview Uniswap is the largest decentralized exchange (DEX) by trading volume and is the first DEX to really compete on a daily volume basis against some of the larger digital asset exchanges.

Aussie Exchanges Partner With Crypto Tax Firm as ATO Eyes Traders

Popular Australian crypto exchanges Coinjar, Cointree and Swyftx have partnered with Koinly to track their clients’ tax obligations. Crypto taxation software provider Koinly has announced a partnership with three Australian digital asset exchanges to simplify their clients’ tax reporting. Coinjar, Cointree and Swyftx announced support for Koinly on July 29, allowing the exchanges’ customers to automatically feed trading data to Koinly via csv or API, and access detailed capital gains reports. “Even though there is a lot of guidance around cryptocurrency taxes, it is simply too difficult to calculate taxes by hand especially if you traded on multiple exchanges,” asserted Koinly founder Robin Singh. Increased scrutiny from regulators  The move follows the Australian Taxation Office sending letters to 350,000 Australians believed to be trading crypto assets to remind them of their tax obligations in March. The ATO estimated that up to one million Australians are engaged in crypto trading activities — equating to 4% of the country’s entire population. Singh told Cointelegraph that Koinly entered into discussions with several Australian exchanges after the ATO sent the letters in March. “We have seen a surge of Australian users on our platform in recent months and a lot of them trade on these exchanges.

How Digital Asset Exchanges Can Meet Institutional Investors’ Need for Speed

Blockchain-based solutions designed to create a global instant settlement network have been attracting institutional traders. With low barriers for entering, competition for digital asset exchanges is intense, with an estimated more than 10,000 exchanges now operating worldwide.

ERX Gets License to Launch Exchange in Thailand

Thailand’s securities watchdog has granted a digital assets exchange license to Elevated Returns’ ERX trading platform.