subsidiaries – DIGIT INFO

New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over

DIGIT — Thu, 19 Jan 2023 19:30:28 +0000

Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of reviving the now-defunct digital currency […]

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FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate

DIGIT — Wed, 18 Jan 2023 15:00:52 +0000

On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with the bankruptcy case’s committee of unsecured creditors to share […]

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FTX customers want more info on FTX’s plans to sell subsidiaries

DIGIT — Fri, 06 Jan 2023 05:26:17 +0000

While the Ad Hoc Committee does not want to prevent the sales from occurring, it argued it needs to be involved to ensure that customers’ interests are represented.

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US Sanctions Bitriver, Targets Russia’s Crypto Mining Potential

DIGIT — Thu, 21 Apr 2022 14:00:01 +0000

In an attempt to deny Russia opportunities to evade sanctions through cryptocurrencies, the U.S. Department of the Treasury has sanctioned leading Russian mining firm Bitriver. The move comes amid concerns that Moscow may use the minting of digital coins to monetize its energy resources. Zug-Based Bitriver and Its Russian Subsidiaries Blacklisted by United States The […]

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Bank of Thailand Green-Lights Financial Companies for Crypto Activities

DIGIT — Mon, 06 Aug 2018 07:45:21 +0000

Thailand’s central bank has announced the rules under which financial institutions, including commercial banks, and their subsidiaries can engage in cryptocurrency activities. They include securities, asset management, and insurance firms. This follows the country’s crypto regulatory framework that went into effect last month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Circular, New […]

The post Bank of Thailand Green-Lights Financial Companies for Crypto Activities appeared first on Bitcoin News.

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Major Korean Exchange Bithumb Expanding into Japan and Thailand

DIGIT — Mon, 16 Jul 2018 00:40:43 +0000

One of South Korea’s largest cryptocurrency exchanges, Bithumb, is expanding into Japan and Thailand. The exchange is working on obtaining regulatory approval from the financial regulators of both countries. The new locations are part of the exchange’s global expansion plan. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Expanding into Thailand Bithumb is currently working […]

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Corporations Bypassing Korean ICO Regulations With Overseas Subsidiaries

DIGIT — Wed, 11 Apr 2018 17:55:20 +0000

Major corporations in South Korea are increasingly establishing cryptocurrency subsidiaries and launching initial coin offerings outside of the country due to prohibitive regulations. They are seeking opportunities in countries like Japan, Switzerland, Singapore, and Gibraltar. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Regulations Driving Away Businesses An increasing number of corporations in […]

The post Corporations Bypassing Korean ICO Regulations With Overseas Subsidiaries appeared first on Bitcoin News.

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