In an attempt to set a new benchmark for openness and trust in the cryptocurrency sector, OKX, a cryptocurrency exchange located in Seychelles, has released its seventh proof-of-reserves (PoR) report. OKX holds $10 billion in bitcoin (BTC), ether (ETH), Tether (USDT), and other assets, according to a recent report. Moreover,
Russia has spent a lot of time developing its cryptocurrency policy at home. Russian Finance Minister Anton Siluanov mentioned a new payment system earlier in April. The new payment mechanism will include cryptocurrency. Izvestiya, a Russian news outlet, reports that the government has abandoned plans to launch a cryptocurrency exchange.
Huobi HK has filed for a virtual asset exchange license and now offers spot trading & virtual assets custodian services in Hong Kong. According to a post on Twitter, the exchange filed an application notice with the Hong Kong Securities and Futures Commission (SFC) on May 29. Before delivering their
Richard Teng has been given responsibility for all regional markets outside of the United States at Binance, the biggest cryptocurrency exchange in the world by trading volume. Authorities in the United States have been looking into Binance for some time. Richard Teng, who took over as CEO of Singapore for
On Monday, May 29th, Singaporean investment firm Temasek Holdings stated it will reduce pay for the group that had proposed an investment in the defunct FTX cryptocurrency exchange. In the wake of the FTX exchange’s demise in November 2022. Temasek was forced to take a $275 million write-down on its
Binance, the biggest cryptocurrency exchange in the world, stated on Saturday that it would stop providing cryptocurrency services to Japanese customers as of November 30, 2023. The crypto exchange has taken this decision as part of its continued efforts to meet regulatory requirements and guarantee compliance in the countries where
Huobi Global has announced that it is getting ready to establish its Hong Kong branch for users in the city-state on June 1st. After a year of upheaval in the industry. The Securities and Futures Commission (SFC), Hong Kong’s securities regulator, has decided to allow retail trading in cryptocurrencies. This
The U.S. Securities and Exchange Commission (SEC) filed a complaint against cryptocurrency exchange Gemini and insolvent lender Genesis on May 26 saying that the earn product constitutes the selling of unregistered securities. Gemini maintained that its Earn product, which paid consumers to lend out coins, was not a security. Genesis
The Republic of Ireland was recently named the new European headquarters for Gemini, the cryptocurrency exchange controlled by Tyler and Cameron Winklevoss. The statement came after crypto founders met with Irish Prime Minister Leo Varadkar and officials from the Industrial Development Agency (IDA), the government agency in charge of attracting
Binance, the largest cryptocurrency exchange in the world, is making waves with its global expansions and high-profile collaborations. Binance recently made headlines when it revealed it has acquired Digital Asset Operator Licenses in Thailand. This comes after the company temporarily halted operations in Canada owing to regulatory issues. On Friday,
