Tag: Regulations

The Swiss financial regulator announced its approval for Swiss exchange SIX to launch a digital asset marketplace and central securities depository built on distributed ledger technology. According to a Friday announcement, the long-awaited approval came from the Swiss Financial Market Supervisory Authority (FINMA), greenlighting the advance of the firm’s digital bourse, titled SDX. SIX said…

The US Securities and Exchange Commission has warned that it will sue Coinbase if it launches a new product Lend that allows users to earn interest by lending their crypto holdings. Coinbase’s CEO Brian Armstrong labeled the agency’s aggressive actions “really sketchy behavior.” According to Bloomberg, the U.S.’s biggest cryptocurrency exchange said it received a…

Charles Randell, chair of the FCA and Payments Systems Regulator, warned in a new piece written for the Cambridge International Symposium on Economic Crime that over-extending the reach of regulators could backfire in the case of some cryptocurrency tokens. The chair of the United Kingdom’s Financial Conduct Authority (FCA) said that there is currently a…

The People’s Bank of China once again asserted its crypto crackdown stance at a recent media briefing. The Central Bank stated that virtual currencies like Bitcoin can’t compete with legal tender in the nation. The bank officials argued that cryptocurrencies are not backed by any real value. According to local media, Yin Yuping, deputy head…

Yes, some criminals use Bitcoin, but the innovation behind this technology improves the financial system, writes Brad Yasar for Сointelegraph. Cryptocurrency is a new technology that has entered the common discourse, setting the stage for a complete upheaval of our long-established financial systems. Of course, some skepticism is unavoidable. Crypto’s association with criminality adds to…

World’s biggest cryptocurrency exchange Binance is rolling out immediate verification requirements for all its users in support of its expanded know-your-customer (KYC) and anti-money-laundering (AML) policy. Binance will limit services for existing users unless they adhere to the new requirements. As the crypto exchange claims, it requires all its users through intermediate verification to further…