Cayman Islands – DIGIT INFO

Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange

DIGIT — Sun, 07 Jul 2024 11:30:24 +0000

The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual rights, not crypto assets, as the platform had claimed. Latoken Users Trading Derivatives, Not Crypto Assets On July 3, the British Columbia Securities […]

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Bitcoin-backed property investment becomes new avenue for Cayman Islands residency

DIGIT — Thu, 24 Aug 2023 16:45:14 +0000

Bitcoin financial services firm Ledn’s ties with the Cayman Islands open a doorway for crypto users to use their funds to obtain real estate “golden visas.“

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Where crypto can grow: Digital asset regulations around the world

DIGIT — Fri, 28 Apr 2023 14:01:00 +0000

While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around.

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Nexo sues Cayman Islands financial regulator over VASP license

DIGIT — Mon, 16 Jan 2023 19:15:00 +0000

The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators’ enforcement actions in its decision to deny registration.

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Payments Provider Clear Junction Stops Processing Payments for Binance

DIGIT — Mon, 12 Jul 2021 21:35:01 +0000

On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Clear Junction Ceases Processing Payments for Binance Citing the Recent FCA Warning The Financial […]

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Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel Rule

DIGIT — Sat, 03 Jul 2021 03:30:21 +0000

Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force. The exchange would be among the first wave of exchanges implementing this automatic Travel Rule compliance system. Binance Implements Ciphertrace’s […]

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Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities

DIGIT — Thu, 01 Apr 2021 12:30:06 +0000

The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands. Accounting Firm Recognizes Two Ongoing Legal Cases According to the statement, Tether […]

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Individual Detained in Romania Under Suspicion of Stealing Thousands of Cryptos From an Unnamed Major Exchange

DIGIT — Mon, 15 Mar 2021 19:00:17 +0000

Romanian authorities pursued an operation that left a person detained for the individual’s alleged involvement in a case of stealing from a cryptocurrency exchange. The investigation revealed that the unnamed trading platform company is located in the Cayman Islands. Over $620,000 Stolen During the Cyberattack According to the prosecutors of the Directorate for the Investigation […]

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ICO Crackdown: 11 Class-Action Lawsuits Filed Against Cryptocurrency Companies

DIGIT — Sun, 05 Apr 2020 16:30:22 +0000

A number of class-action lawsuits have been filed against various digital asset firms and exchanges on Friday. The U.S.-based “litigation boutique,” Roche Cyrulnik Freedman, filed the lawsuit for three plaintiffs in the Southern District of New York. All three lawsuits claim that organizations like the Tron Foundation, Bitmex, Binance, Bibox and Block.one allegedly sold unregistered […]

The post ICO Crackdown: 11 Class-Action Lawsuits Filed Against Cryptocurrency Companies appeared first on Bitcoin News.

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ICOs Produce Slow Start to 2019

DIGIT — Mon, 21 Jan 2019 15:40:59 +0000

During the first two weeks of 2019, initial coin offerings (ICOs) raised roughly $90 million, according to data published by Icobench. Of the total funds raised this year so far, $80.2 million can be attributed to the Chelle Coin ICO. Also Read: How US Government Shutdown Affects Bitcoin ETF Approval Slow Start to 2019 for Initial […]

The post ICOs Produce Slow Start to 2019 appeared first on Bitcoin News.

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