Retail cryptocurrency traders in Hong Kong can now buy and sell to their heart’s content, as local exchanges, HashKey and OSL have both received uplifts to their licenses from the HK Securities and Futures Commission. Previously, crypto trading in the region was limited to professional investors.
Binance has exited multiple European countries despite its stated intentions to focus on compliance with MiCA regulations. Meanwhile, the company became the first to obtain an operational license for providing exchange services in Dubai and re-entered the Japanese market with a licensed entity.
Justin Sun allegedly transferred $209 million to help stabilize the crypto exchange that he controls. Does the extravagant crypto billionaire possess enough resources to weather the storm?
Justin Sun allegedly transferred $209 million to help stabilize the crypto exchange that he controls. Does the extravagant crypto billionaire possess enough resources to weather the storm?
Retail cryptocurrency traders in Hong Kong can now buy and sell to their heart’s content, as local exchanges, HashKey and OSL have both received uplifts to their licenses from the HK Securities and Futures Commission. Previously, crypto trading in the region was limited to professional investors.
Binance has exited multiple European countries despite its stated intentions to focus on compliance with MiCA regulations. Meanwhile, the company became the first to obtain an operational license for providing exchange services in Dubai and re-entered the Japanese market with a licensed entity.
‘Wash trading’ in the crypto industry could still be a more significant issue than we previously thought. Binance's SEC lawsuit brings the issue into the focus.
Binance appears to be facing a management crisis as several executives from the legal and compliance units have resigned amid regulatory investigations.
Hotbit crypto exchange announced it was to cease operations in May, following an investigation last August that led to a loss of user funds. The period for withdrawing any remaining funds ended on June 30, leaving many users out of pocket.
Some crypto platforms are delisting tokens labelled as securities in the SEC's recent legal action. Three major altcoins, Cardano, Polygon and Solana, are among them.
