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This week the Philippines Securities and Exchange Commission (SEC) revealed to the public that it plans to enforce securities regulations against cloud mining operations. According to the SEC’s statement, the regulatory agency believes these types of contracts should be defined as “securities.” Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce Philippines Securities and Exchange … Read more
Blockbid is now registered with the Australian Transaction Reports and Analysis Centre (Austrac). This makes it only the third company granted permission to legally operate as a cryptocurrency exchange in Australia since new regulations came about last week. Also Read: Stanford, Wharton and Georgetown Expand Bitcoin Business Classes Cyber Insurance Austrac has approved an application … Read more
The Binance trading platform has gotten a lot of attention over the past few months. Considering that it is one of the world’s biggest trading platforms for cryptocurrencies, it is only normal that people will take a closer look at how this company operates right now. It seems the company is still operating without a license in … Read more
The French financial regulator has issued a warning and published a list of 15 unauthorized cryptocurrency exchange and investment platforms. These companies keep marketing to the French public despite the agency’s warnings. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies France Warns of Unauthorized Crypto Platforms The Autorité des Marchés Financiers (AMF) … Read more
Coinbase 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 … Read more
The Japanese financial regulator has punished seven cryptocurrency exchanges in the country, suspending the operation of two of them. “The agency fears another Coincheck-style hack,” it stated after recent inspections of all crypto exchanges in Japan revealed inadequate measures for customer protection. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies FSA Punishes … Read more
Mexico’s bill to regulate cryptocurrency exchanges has been approved by the country’s lower house of Congress and is now awaiting the signature of President Enrique Pena Nieto to become law. Crypto operators have 12 months to comply, a local crypto exchange explained to news.Bitcoin.com. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Mexico’s Crypto … Read more
16 cryptocurrency exchanges that have been approved by the Japanese government are teaming up to form a self-regulatory group, following the hack of one of the country’s most popular exchanges. Besides these exchanges, there are 16 “quasi-operators” for cryptocurrencies as well as about 100 firms seeking to enter the market in Japan. Also read: Japan’s DMM … Read more
There are over 100 companies reportedly waiting for the Japanese Financial Services Agency to approve their registrations to operate cryptocurrency exchanges. While only 16 exchanges are fully licensed in Japan, the agency has allowed another 16 to operate without a license for the time being. However, going forward, only those with sufficient safety and customer … Read more
Bitwala has announced that it is launching a new banking service with real debit cards. Its application with the Federal Financial Supervisory Authority of Germany (Bafin) is pending. Once approved, customers’ funds will be guaranteed up to €100,000. The move follows the suspension of the company’s prepaid Visa cards. Also read: Indians Look to Buy Bitcoin Overseas … Read more