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Tag: financial

UK Law to Regulate Crypto Awaits King Charles’ Signature
The UK government is nearing final approval of a bill that would bring cryptocurrencies under the same rules as traditional assets. The Financial Services and Markets Bill, which was approved......

Another Blow for Binance: Germany’s BaFin Rejects Binance License Request
German financial regulator, BaFin, rejected Binances request for a crypto custody license, which is crucial for the companys expansion and advertising in Germany, reported Finance FWD, a German crypto...

Japan Joins Singapore’s Project Guardian in Global FinTech Collaboration
The Japan Financial Services Authority (FSA) joins the list of financial institutions to be taking a collaborative role in Project Guardian, a digital assets initiative launched by the Monetary Author...

Bitfinex Unveils P2P Trading Platform in Latin America
Bitfinex, a digital asset trading platform, is continuing to foster financial self-reliance and accessibility in Latin America. With the initiative Bitfinex P2P, users in Venezuela, Argentina, and Col...

Binance Prohibited from Operating in Belgium, Effective Immediately
Belgiums Financial Services and Markets Authority (FSMA) has ordered cryptocurrency exchange Binance to cease all operations in the country immediately. The FSMA asserts that Binance has been providin...

Do Kwon Guilty of Passport Forgery; Sentenced to 4 Months in Montenegrin Prison
Do Kwon, the founder and former CEO of Terraform Labs, and former chief financial officer of Terra, Han Chang-joon, has been found guilty of passport forgery and sentenced to four......

Binance to Exit the Netherlands After Regulatory Stalemate
Binance, the worlds leading cryptocurrency exchange, is set to withdraw from the Netherlands after failing to secure necessary approval from the Dutch financial regulator. The exchange was not able to...

EU Council Approves Comprehensive Crypto Regulatory Framework
The European Union Council the financial arm of the EU approved the Markets in Crypto-Assets (MiCA) regulations on May 16, a landmark piece of legislation that will establish......

Binance to Shut Down its Australian Derivatives Services
Binances Australian financial services license is being terminated, meaning that Australian residents will no longer be able to open derivatives positions on the exchange. 104 Users Impacted Binance h...

Russia’s Largest Bank to Launch Ethereum-Compatible DeFi Platform
Russias various financial institutions and banking entities dont always see eye-to-eye on the subject of cryptocurrencies. Sberbank, the nations largest bank, is one of the biggest proponents of the t...