UK Banks Are Blocking Payments To Cryptocurrency Exchanges

According to a recent report from The Telegraph, three UK banks, Barclays, Monzo, and Starling have halted payments to cryptocurrency exchanges like Binance and SwissBorg. The banks cite concerns regarding crypto-related financial crime as the primary motivation for this action. Among the banks, the Goldman Sachs-backed online bank Starling has implemented the greatest amount of limitations by suspending all payments […]

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Japanese watchdog issues warning to crypto derivatives exchange Bybit

Singapore-based Bybit, the world’s fifth-largest cryptocurrency derivatives exchange by trading volume, has allegedly been running unregistered crypto services in Japan, according to an official warning. The Japan Financial Services Agency issued a formal warning letter to Bybit stating that the firm is not registered to operate crypto services in the country. The warning comes in response to Bybit’s marketing campaign that […]

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New-Age Crypto Casino Rollbit Launches Cryptocurrency Trading

31st May 2021, Willemstad, Curacao, – Rollbit launched cryptocurrency trading on May 10th, 2021, offering the chance to bet on the price of Bitcoin (BTC) and Ethereum (ETH). Dogecoin (DOGE) and Litecoin (LTC) were also added to the trading platform more recently. Rollbit is establishing itself as a leading online casino in the cryptocurrency space, and is now embarking on […]

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Chinese Bitcoin (BTC) Traders Turn to OTC Desks to Circumvent Ban

Trading activities on Chinese over-the-counter (OTC) desks have started to gain momentum once again just a few weeks after authorities announced plans to crack down on bitcoin (BTC) trading and mining operations, according to a Bloomberg report on May 30, 2021. Crypto Trading Activities Gradually Resuming  It appears Chinese bitcoin traders are gradually overcoming the serious fear uncertainty and doubt […]

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Coincheck crypto exchange announces Japan's first ever IEO

Coincheck’s goal of conducting the first-ever initial exchange offering in Japan is moving closer to becoming a reality. According to a release issued on Monday, the Japanese crypto exchange announced that the Hashpalette (HPT) initial exchange offering, or IEO, will take place in the summer. IEOs are a modified form of initial coin offering, where a crypto exchange platform acts […]

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South Korean Financial Supervisory Service Tasked With Crypto Market Oversight – Regulation Bitcoin News

The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory Service Takes Responsibility for Crypto Sector in Korea It took the government months to determine who’s going to take […]

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Richard Douglas Becomes Saxo Markets’ Hong Kong CEO

Saxo Markets, a subsidiary of Copenhagen-based Saxo Bank, announced on Monday the appointment of Richard Douglas as the new Hong Kong Chief Executive Officer, effective immediately. He replaced Fan Xu, who was overseeing the Hong Kong operations as the Greater China CEO and has now become the CEO of Saxo FinTech, a joint venture of Saxo and Geely. Douglas has […]

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We Don’t Want Panic over Dogecoin Prices, Says Brian Brooks

Brian Brooks, former Acting Comptroller of the Currency at the USOCC, recently shared his views about Dogecoin and other cryptocurrency assets. During a conversation with CoinDesk, Brooks said that panic over Dogecoin prices will be harmful to Bitcoin and other digital currencies. Brooks is currently serving as the CEO of Binance US. His latest comments about Dogecoin came after the […]

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