Two major financial regulators in Hong Kong have jointly announced their intention to implement reporting requirements established by the European Securities and Markets Authority (ESMA) for crypto over-the-counter (OTC) derivatives. On September 26, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) revealed a plan to ...
Dubai's Virtual Asset Regulatory Authority (VARA) is tightening regulations for companies marketing cryptocurrency investments. According to a recent Bloomberg report, VARA outlined new rules requiring firms to include a disclaimer in their promotional materials. The crypto regulator emphasized that a disclaimer must be visible, stating that "virtual assets can lose ...
A new perspective on the downfall of Silvergate Bank, once a major player in the cryptocurrency sector, has emerged from industry executive Nic Carter. In a September 25 article for Pirate Wires, Carter, a partner at Castle Island Ventures, suggested that the bank could have survived its challenges if not ...
Kosovo, a Southeastern European country, is advancing its efforts to enhance financial literacy in cryptocurrency through a multi-day workshop involving the region's finance leaders. From September 24 to September 26, the leaders from Kosovo's Financial Intelligence Unit (FIU) will be participating in the Cyberkop Action of the Octopus Project, an ...
eToro has announced the expansion of its cryptocurrency services in Germany by introducing a new service: spot trading. Previously, the platform only offered German users the ability to trade cryptocurrency through contracts for differences (CFDs). According to its press release, though the partnership with DLT Finance is a recent development, ...
The Swedish Police Authority, along with the Financial Intelligence Unit (FIU), has labelled cryptocurrency exchanges as "professional money launderers (PMLs)" following an investigation into services offered by unregulated and illegal operators. The FIU claimed these crypto exchanges are tied to criminal organisations, and they help facilitate the systematic laundering of ...
Australian regulators are reportedly drafting new legislation that will mandate cryptocurrency exchanges to obtain financial services licences, with updated regulatory guidance set to be released within the next two months. Alan Kirkland, a commissioner at the Australian Securities and Investments Commission (ASIC), announced the regulator's plans during the AFR Crypto ...
Brazilian authorities have reportedly launched a major crackdown on a multi-billion-dollar cryptocurrency-based money laundering operation spanning several cities, including São Paulo, Fortaleza, and Brasília. The operation, which has laundered billions of dollars, is at the centre of "Operation Niflheim," an effort led by the Federal Revenue Service and Federal Police. ...
Bitget announced on Thursday that it has partnered with Spain's La Liga, becoming the official cryptocurrency partner of the football league. Revealed during Token2049 in Singapore, the collaboration marks Bitget's expansion into the sports market across Eastern and Southeast Asia, as well as Latin America. The multi-million dollar deal brings ...
SIX Group, operator of the Swiss stock exchange, is reportedly exploring the creation of a new crypto trading platform in Europe to compete with major players like Binance, OKX, and Coinbase. According to the Financial Times, Bjørn Sibbern, global head of exchanges at SIX Group, confirmed the company's interest in ...
