Binance operating without license in Philippines, regulator says
According to the Philippines SEC, entities involved in promoting or trading on Binance could face up to 21 years of imprisonment and $90,000 in penalties.
According to the Philippines SEC, entities involved in promoting or trading on Binance could face up to 21 years of imprisonment and $90,000 in penalties.
The SEC’s delays on two spot Bitcoin ETFs could mean it’s lining up to approve all pending applications in one swoop, say analysts.
In an unexpected move, the Securities and Exchange Commission (SEC) accelerated the decision-making process involving Franklin, a decision that was initially slated for January 1st. This unusual occurrence was pointed out by Scott Johnson, who also highlighted that Franklin stands out as the lone issuer who hasn't submitted an updated S-1 form yet. This anomaly raised speculation among industry enthusiasts, including Johnson, who couldn't help but wonder whether Franklin's delay in submitting an updated S-1 form might have influenced the SEC's premature decision. As the crypto-industry eagerly awaits further developments, it will be interesting to see how this accelerated decision-making process unfolds, and what impact it may have on Franklin's future.
The trading firm and its CEO, Kanav Kariya, allegedly manipulated the price of TerraUSD to gain roughly $1.3 billion in profits.
Cryptocurrency exchange Bybit restricts use in the United States, although it may be possible to get around it.
The “Off Exchange” trading system was launched by Fireblocks, allowing institutions to trade without fully relinquishing custody.
The settlement between the crypto lending firm and the FTC was first announced in October and does not resolve former CEO Stephen Ehrlich’s pending case with the CFTC.
Is the settlement further indication that the crypto industry’s Wild West era is winding down, with a new epoch marked by regulation and taxation beginning?
The Financial Stability Board suggested the crypto industry might still require additional regulatory measures to prevent another FTX-like situation at the hands of crypto service providers.
Only individuals with balance sheets exceeding the equivalent of 50,000 euros in crypto assets are obliged to declare their foreign holdings.