Crypto Exchange

The global anti-money laundering watchdog FATF issues updated guidance on crypto.

The Financial Action Task Force (FATF), an international anti-money laundering watchdog, has released updated guidance on cryptocurrencies and crypto asset service providers. The release portrays renewed commitment to stay current with rapidly evolving technology and business practices in the...

Coinbase hit with a $6.5 million penalty from the U.S. CFTC.

The U.S-based crypto exchange giant Coinbase has been hit with a US$6.5 million penalty from the U.S. Commodity Futures Trading Commission (CFTC). The charges, which the CFTC filed and settled on the same day, were for "reckless false, misleading...

Morgan Stanley is rumored to be negotiating the acquisition of a significant share in Bithumb.

According to local news outlet Aju News report, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant share in the leading Korean cryptocurrency exchange, Bithumb. The crypto exchange is reportedly in discussions with...

Crypto exchange Kraken is considering going public in 2022 via a direct market listing.

The California-based crypto exchange Kraken's intentions for public listing were first revealed by Fox Business reporter Charles Gasparino on Twitter, saying that there could be a traditional initial public offering (IPO) or a merger with a blank check acquisition...

Crypto exchange Binance launches payments app in public alpha.

The world's leading crypto exchange Binance has released its payments app, Binance Pay, in public alpha. The payments app is a contactless peer-to-peer cryptocurrency payment feature that lets users send and receive payments in cryptos like Bitcoin (BTC). The...

Crypto derivates platform ByBit shuts down in the U.K. after new regulations.

Crypto derivative platform Bybit announced in an update to its customers that it had ceased to provide all services to U.K. customers. These users have until March 31 to close all their positions and withdraw all their balances. Thereafter,...

Swiss bank Bordier & Cie to offer crypto trading services to customers.

According to its latest announcement, one of Switzerland's oldest financial institutions, Bordier & Cie, has joined the crypto bandwagon. The 177-year-old private banking services provider said it had joined forces with B2B digital assets banking platform Sygnum to enable...

New crypto rules in Thailand might require retail investors to show income before opening trading accounts.

According to a Bloomberg report, the Securities and Exchange Commission (SEC) of Thailand is likely preparing the ground to require investors to show their income or assets before opening accounts. Ruenvadee Suwanmongkol, the secretary-general of the country's financial watchdog, pointed...

Russian bill to recognize crypto as property moves ahead in the Parliament.

Russia’s Parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies, but income from their activities will also be subject to taxation. Russia’s State Duma, the lower house...

Dubai-based license bureau now accepts digital currency payments.

KIKLABB, a Dubai-based license bureau, will allow citizens to pay for their visa and trade license fees in digital currencies. KIKLABB has noted a rising interest in citizens interested in making payments via digital currencies, stated CEO Tasawar Ulhaq....

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American investor and fund manager Bill Miller says Bitcoin is not a bubble.

Bill Miller, a well-known American investor and fund manager, said that Bitcoin is not a bubble. The American investor...