Georgian central bank to launch AML probe into crypto firms
The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023. Go to Source Powered by WPeMatico
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Crypto.com joins ranks of licensed payment institutions in Singapore
Singapore’s Crypto.com expands its regulatory achievements by securing a license for digital payment token services. Go to Source Powered by WPeMatico
Binance plans new round of layoffs amid increased regulatory scrutiny
Binance’s chief strategy officer Patrick Hillmann hinted on Twitter the resource reorganization is meant to address growing regulatory pressures targeting the crypto space. Go to Source Powered by WPeMatico
Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’
Headquartered in Dubai, Bybit plans to leave Canada while exploring expansion into new markets like Kazakhstan. Go to Source Powered by WPeMatico
Binance considers allowing traders to secure collateral at banks: Report
It has been reported that Swiss-based FlowBank and Liechtenstein-based Bank Frick have been mentioned as potential intermediaries for this service. Go to Source Powered by WPeMatico
Bybit gets pre-approval in Kazakhstan as crypto custody service provider
The cryptocurrency exchange received “in-principle” approval to begin operations in Kazakhstan at the Astana International Financial Centre. Go to Source Powered by WPeMatico
Binance kicks off transition to new platform in Japan
The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022. Go to Source Powered by WPeMatico
Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis. Go to Source Powered by WPeMatico
Nigerian crypto company suspends withdrawals after BTC and naira compromise
Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media. Go to Source Powered by WPeMatico
Gemini files to dismiss SEC’s lawsuit over its earn product
Gemini called the SEC’s lawsuit as “ill-conceived” against its Earn Product which offered yields to customers against their crypto deposits. Go to Source Powered by WPeMatico