If they want to operate in Canada, cryptocurrency exchanges will have to comply with stricter regulations. Such as a prohibition on margin and leverage trading. The Canadian Securities Administrators (CSA) released new guidelines on Monday. That requires firms to keep their customers’ assets separate from their own. In August, organizations
A new amendment to Hong Kong’s Anti-Money Laundering (AML) and terrorist financing system, which includes virtual asset service providers, was recently enacted by the legislative council. On June 1st, 2023, a new licensing system for virtual asset service providers will go into effect. As a result of recently passed legislation.
As all the crypto followers know, the year 2022, has not been lucrative like the previous year. However, hopes were not that high for the year 2022. On the contrary, the exact opposite happened. The year 2022, is now considered as a complete ‘Bear Year’, owing to various factors. Accordingly,
The investigation into cryptocurrency exchanges concerning the listing of their internally-issued tokens has been launched by the Korea Financial Intelligence Unit (KoFIU), South Korea’s authority on financial matters. A price drop in its token, FTX Token, led to the bankruptcy filing of the cryptocurrency exchange FTX and its 130 associate
A max of £1,000 in a single transaction and £3,000 in a rolling 30-day period has been set. It will implement a block on real-time transactions to cryptocurrency exchanges from 2023. Users of Santander will soon be unable to make cryptocurrency purchases. Customers of Santander have reportedly been sent an
As a matter of fact, the entire crypto market was down over recent months with a huge price fall in all cryptocurrencies. Surprisingly, the report from Arcane research reveals traders from over 20 countries are interestingly trading these assets, raising the traffic of the crypto exchange. And it also proves
On August 16 Newton announced that they officially registered with the Ontario Securities Commission(OSC). Many modifications were made to the Newton platform to safeguard investors from hazards. To “protect customers” despite stricter laws, Canadian cryptocurrency exchanges Bitbuy and Newton are implementing a $30,000 (CAD) annual “buy limit” for “restricted coins”
Just one cryptocurrency exchange in Uzbekistan has been granted a license so far. Uzbek residents are urged by the NAPP not to utilize illegal exchanges. According to data collected by the National Agency of Prospective Projects (NAPP) in Uzbekistan, the number of unlicensed online platforms offering crypto-related services to citizens
There are 410,903 validators, who deposited ether into the contract. ETH’s value has risen by 36.8% versus the US dollar in the last 30 days. The delayed difficulty bomb and the news that The Merge will be postponed until at least September had previously been reported. To put it simply,
Exchanges, including Upbit, Bithumb, and Coinone, were the targets of raids. Around 200,000 South Korean investors are thought to have invested in TerraUSD and Luna. Shocking revelations from South Korea have been pouring in after the fall of Terra-Luna. On Wednesday, Korean prosecutors raided seven cryptocurrency exchanges to see whether
