Tag Archives: Regulator

South Korea’s Financial Regulator Says US Bitcoin ETFs Defy Local Law read full article at worldnews365.me

Authorities in South Korea have warned local financial institutions from offering spot crypto ETFs following SEC approval in the US. South Korea’s financial regulator, the Financial Services Commission (FSC), has said that the spot Bitcoin ETFs recently approved in the US may contravene the country’s law. In an official statement published on …

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New UK Alert: Crypto Investors Receive Compelling Warning From Regulator read full article at worldnews365.me

The UK’s HM Revenue and Customs (HMRC) has introduced a new system for taxpayers to “voluntarily” disclose any unpaid tax on various digital assets. The European country has been implementing a strategy to increase its oversight of the nascent asset class. This initiative, announced on November 29, 2023, encompasses a …

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Philippines Financial Regulator Cracks Down on Binance for Unauthorized Crypto Operations read full article at worldnews365.me

Even though Binance acts as an approved broker in some places overseas, it still has to meet many legal requirements to handle securities activities in the Philippines under the country’s Securities Regulation Code. The Philippine Securities and Exchange Commission (SEC) has greatly increased its regulatory fight against the global crypto …

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Crypto Marketers Take Note: UK Regulator Issues Warning On ‘Common Issues’ read full article at worldnews365.me

In a bid to “safeguard consumers,” the UK Financial Conduct Authority (FCA) has issued a warning regarding “common issues” observed in crypto asset promotions. With the implementation of a new marketing regime, the FCA has asserted its authority over crypto promotions in the UK. FCA Unveils Alert List To Expose ‘Non-Compliant …

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Kraken Service Provider Dragged To Court By Australian Financial Regulator read full article at worldnews365.me

The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against Bit Trade, the provider of the Kraken cryptocurrency exchange in Australia, for disregarding design and distribution requirements for one of its trading products. ASIC Targets Margin Trading Product On Kraken According to an official statement published on September …

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Japan’s Regulator Plans to Scrap ‘Unrealized Gains’ Tax on Crypto read full article at worldnews365.me

Japan has been actively reassessing its crypto tax regulations since last year, with a focus on creating an environment that encourages the growth of blockchain startups within the country. Japan’s financial regulator, the Financial Services Agency (FSA), has unveiled a groundbreaking proposal that could reshape the country’s crypto taxation landscape. …

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Florida Regulator Says Exchange Violated Multiple Laws read full article at worldnews365.me

According to court filings, cryptocurrency exchange, Bittrex, has been accused by Florida’s financial regulator of violating several laws within the state. These violations allegedly occurred prior to Bittrex Inc. filing for Chapter 11 in May. Bittrex had made a request for an Automatic Stay, which would impede certain creditors from …

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Fourth Paradigm Receives Hong Kong IPO Green Light from Chinese Regulator after Fourth Attempt at Public Listing read full article at worldnews365.me

Following acceptance by the CSRC, Fourth Paradigm should proceed with launching its IPO in the Hong Kong market. Chinese artificial intelligence (AI) company Fourth Paradigm Technology has completed the process required for an initial public offering (IPO) in Hong Kong. The company has now received a regulatory green light from …

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Binance Australia Offices Raided by Securities Regulator read full article at worldnews365.me

Binance is facing regulatory challenges in multiple jurisdictions worldwide. Binance, the world’s largest cryptocurrency exchange, faces intensified regulatory scrutiny as authorities search its offices in Australia. According to a Bloomberg report on July 5 citing people familiar with the matter, the Australian Securities and Investments Commission (ASIC) invaded the company’s …

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German Regulator Denies Binance’s Request Custody License read full article at worldnews365.me

Binance experienced yet another setback in pursuing a crypto custody license in Germany. The company’s application, submitted to BaFin, the country’s financial watchdog, was ultimately rejected. It is currently unclear whether the rejection was a formal decision from BaFin or simply an indication expressed during ongoing discussions. The crypto exchange …

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Crypto firms tout ‘fictitious’ regulatory stamps, Canadian regulator warns read full article at worldnews365.me

Canadian citizens are being advised to double-check crypto trading service providers as they may be using “fictitious” regulatory bodies to boost their credibility. According to a June 20 Investor Alert from the Canadian Securities Administrators (CSA) some “purported” crypto platforms are claiming to be approved by certain regulatory authorities or …

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French Regulator Ponders ‘Fast Track’ Route To MiCA Compliance For Registered Firms read full article at worldnews365.me

Following the European Parliament’s recent adoption of the crypto-focused Markets in Crypto Assets Legislation also known as ‘MiCA’, other countries including Ukraine have been seen following the European Union (EU) steps and embracing MiCA.  Notably, France is now the latest country that has also joined in on the increasing MiCA …

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