Changpeng Zhao, Binance’co-founder, has announced his resignation as the CEO of the prominent cryptocurrency exchange. In a lengthy statement on X (formerly Twitter), Zhao acknowledged the difficulty of the decision but noted that it was "the right thing...
Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this...
Laser Digital, the crypto unit of Japanese banking giant Nomura, has been granted a full crypto license by Dubai's Virtual Asset Regulatory Authority (VARA). The Virtual Asset Service Provider (VASP) allows the firm to carry out broker-dealer &...
Binance is making a strategic return to the Japanese market with the launch of a dedicated platform designed specifically for local customers. This move comes after five years of absence. The exchange closed its operations in Japan back...
The increasing popularity of crypto and the high-profile failures of a number of centralized crypto firms have raised concerns among global financial regulators about potential risks to financial stability, investor protection, and market integrity. So, on 17 July...
OKX has obtained a Minimal Viable Product (MVP) Preparatory License from the Dubai Virtual Assets Regulatory Authority (VARA), according to a press release by the firm. The MVP preparatory licence enables the Seychelles-based crypto exchange to fulfill the...
Introduction If you believed that the hostile demeanour of the United States' regulatory stance towards the cryptocurrency sector lacked backing from the government, President Joe Biden has taken steps to shatter that illusion. On 21 March 2023, the...
TL;DR: The UK government has published a set of proposals for the regulation of the crypto sector for public consultation. The proposals cover the authorization of crypto firms and the types of requirements to be imposed on them. ...
On 11 October 2022, the G20-mandated regulatory standard-setter, the Financial Stability Board (FSB), published a consultation paper proposing a framework for the “International Regulation of Crypto-asset Activities”. The FSB’s proposals are based on a principle it described as...
In the wake of the collapse of TerraUSD, an algorithmic stablecoin, it was widely expected that financial regulators would take swift action to set some ground rules for stablecoins. (See “Terra LUNA 99% Crash: How Did It All...
