Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential IPO Route’

Binance Is Hunting for a New CEO — Exchange's US Venture 'Looks at Potential IPO Route'Binance CEO Changpeng “CZ” Zhao has explained in a recent interview that the company is looking to launch a U.S.-based initial public offering (IPO) in the future. The crypto exchange has been stuck in regulatory crosshairs during the last few weeks and has had issues with payment providers. CZ also noted during his interview that […]

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

FCA Warns 111 Crypto Firms Are Operating Illegally in UK — Says 'This Is a Very Real Risk'U.K.’s financial regulator, the Financial Conduct Authority (FCA), has warned that 111 companies are offering crypto services in the country without proper registration. “This is a very real risk so we are worried about that,” said the regulator’s head of enforcement and market oversight. 111 Unregistered Firms Operating in the UK Britain’s financial watchdog, the […]

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Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License

Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money LicenseThe decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi project Aave (the Finnish word for ‘ghost’) has seen […]

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Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe

Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds SafeScandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2.1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations of falsifying accounts and market manipulation. […]

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UK Regulator: Utility Tokens Are Not Subject to Securities Laws

Britain’s financial regulator is seeking to clarify which cryptocurrency activities need to be officially authorized. The regulator is specifically cautioning that it may ban the sale of crypto derivatives such as CFDs later this year. It’s also clarified that cryptocurrencies and utility tokens are not securities. Also Read: Blockchain.com Launches New Educational Resource With BCH […]

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The UK Clamps Down on Cryptocurrency Operations

UK cryptocurrency clamp downWe’re used to hearing about regulation by now. But most of the news that makes the headlines comes from the United States SEC and its latest statements or subpoenas. However, it seems that the United Kingdom is following suit. The country’s financial regulator and markets watchdog, the Financial Conduct Authority (FCA), says there are now 24 pending investigations into cryptocurrencies, according to Citywire. Regulatory Action Could be Taken The FCA confirmed that it has looked into at least seven whistle-blower reports regarding cryptocurrency operations so far this year. The aim is to assess whether or not these companies are engaged in regulated activities without the

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LMAX Exchange Group Launches Institutional Cryptocurrency Exchange

LMAX Exchange Group Launches Institutional Cryptocurrency ExchangeLMAX Exchange Group, which operates a UK Financial Conduct Authority (FCA) regulated FX trading venue, has announced today a physical cryptocurrency exchange dedicated to serving only institutional clients. The company says it developed LMAX Digital at the request of its existing clients who asked for a credible, efficient and trusted platform to trade with like-minded […]

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Coinbase Granted E-Money License by UK’s Financial Conduct Authority

Coinbase Granted E-Money License by Uk’s Financial Conduct AuthorityCoinbase appears poised to increase its global market share for licensed cryptocurrency exchanges. It recently hired a mergers and acquisitions veteran who handled more than 40 deals for Linkedin, signaling its intent to start gobbling up competitors in the industry. Now it’s also established a new legal beachhead in the UK from which it can […]

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