Latest News and Articles about Regulatory Compliance
Xapo Bank Offers $1M Bitcoin-Backed Loans: Revolutionizing Crypto Liquidity
Xapo Bank Launches $1 Million Bitcoin-Backed Credit Lines: A New Era for Crypto Liquidity Xapo Bank, a Gibraltar-based crypto wealth manager, has launched Bitcoin-backed USD loans up to $1 million, aiming to provide liquidity to its customers without forcing them to sell their Bitcoin. Bitcoin-backed USD loans up to $1 million Encourages long-term holding, reduces […]
Read MoreU.S. Crypto Users Lose Billions in Airdrops Due to Geoblocking
U.S. Crypto Users Miss Out on Billions in Airdrops Due to Geoblocking Geoblocking, the practice of restricting access to online content based on a user’s geographic location, has led U.S. crypto enthusiasts to miss out on potential billions in airdrop rewards. An airdrop is when a cryptocurrency project distributes free tokens to users to boost […]
Read MoreDeutsche Bank’s Layer-2 Network: Smart Privacy Meets Regulatory Compliance in Crypto
Regulatory Compliance and Smart Privacy: Navigating the Cryptocurrency Landscape Deutsche Bank’s move to integrate a layer-2 network on Ethereum highlights the urgent need for “smart privacy” in the crypto space. As regulatory scrutiny intensifies, blockchain technology faces the challenge of balancing transparency with privacy, a critical issue for the future of cryptocurrencies. Deutsche Bank’s layer-2 […]
Read MoreVenga Initiates MiCA Pre-Application, Aiming for EU Crypto Expansion
Venga’s Bold Leap Towards MiCA Compliance: A Step Closer to EU Expansion Venga, the Barcelona-based crypto app, has initiated its pre-application process for a Markets in Crypto-Assets (MiCA) license, a move that solidifies its commitment to regulatory compliance within the European Union. Venga submits MiCA pre-application to CNMV MiCA effective from December 31, 2024 Compliance-first […]
Read MoreKuCoin Hit with $300M Fine, Founders Resign Amid US Regulatory Crackdown
KuCoin Faces $300M Fine, Founders Step Down in US Regulatory Clash KuCoin, a prominent Seychelles-based cryptocurrency exchange, along with its founders Chun Gan and Ke Tang, has been hit with a nearly $300 million penalty after pleading guilty to operating without proper licensing in the United States. This significant legal action underscores the intensifying regulatory […]
Read MoreAlchemy Pay Secures AUSTRAC Approval, Boosts Crypto Payments in Australia
Alchemy Pay Gains AUSTRAC Approval, Expanding Crypto Payments in Australia Alchemy Pay’s recent AUSTRAC registration marks a significant milestone in their quest to bridge traditional finance with the crypto economy, but the journey is far from straightforward. Registered with AUSTRAC on January 27, 2024 Now offers fiat-to-crypto payment services in Australia Part of a broader […]
Read MoreASIC Sues Binance Australia for Misclassifying Over 500 Investors
Binance Faces Lawsuit in Australia Over Investor Misclassification The Australian financial watchdog, the Australian Securities and Investments Commission (ASIC), has launched legal action against Binance Australia Derivatives over allegations of incorrectly labeling over 500 regular investors as sophisticated ones. This misstep reportedly deprived investors of crucial legal protections, causing notable financial losses. ASIC’s lawsuit targets […]
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