“We have seen quite a significant increase in trading companies that are looking for a model to still be able to trade on exchanges, whilst being able to safeguard their capital,” said Stephen Richardson, managing director at Fireblocks.
“Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area,” the FSMA said.
Since then, the digital asset market has seen a high-profile bankruptcy of crypto exchange FTX and lawsuits from the U.S.
securities regulator against Binance and Coinbase Global.
on alleged violations of securities laws.
Earlier this month, the U.S. Securities and Exchange Commission (SEC) sued major crypto exchanges including Coinbase and Binance.
Financial regulators like the SEC say many crypto companies flout applicable rules, meaning risk management still lags the traditional financial sector. The crypto industry remains risky with highly volatile assets.
The Dutch Central Bank (DNB), which registers financial service providers in the Netherlands said it had previously warned the company it was operating in the Netherlands without proper registration, and then fined it for the same reason in January.
Employees in Binance.US’ legal, compliance and risk departments were among those dismissed, the people told Reuters, requesting anonymity because the matter is private.
BlackRock’s iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S.
Securities and Exchange Commission (SEC). regulator has yet to approve any applications for spot bitcoin ETFs.
Andreessen Horowitz has invested in some of the world’s biggest tech names including Facebook, Twitter and Skype and it is also a major backer of cryptocurrency companies.
Plans for BlackRock’s ETF were reported by CoinDesk earlier in the day. (Reporting by Manya Saini and Niket Nishant in Bengaluru; Ankur Banerjee and Rae Wee in Singapore; Editing by Devika Syamnath and Pooja Desai)
LONDON, June 15 (Reuters) – The U.S.
affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees’ social media posts.
Polygon Labs declined to comment. The Cardano Foundation and Solana Foundation told Reuters they disagreed with the SEC’s classification of their tokens as a security under U.S.
law but looked forward to working with regulators to gain further clarity.
Binance CEO Changpeng Zhao later tweeted that Binance.US had roughly $2 billion in customer assets which had never left the platform unless withdrawn by customers. In a federal court filing made public on Thursday, the SEC also said it wanted Binance’s U.S.
assets frozen so they would remain safely in the country.
Binance disputes the SEC charges. The reported investigation follows various setbacks for Binance including a June 5 decision by the U.S.
Securities and Exchange Commission (SEC) to charge the company with evading securities laws.
Europe’s rates are marching up again and 币安手续费 the gap between two and 10-year U.S.
Treasury yields – a traditional harbinger of recession – is almost as inverted as it was before the blow-ups. Fast forward and that rate is now at 4.8%.
“The dark clouds overshadowing crypto have lifted in recent days amid a burst of institutional interest,” said Kate Laurence, general partner of Bloccelerate VC, which invests in crypto projects.
VARA was formed in March 2022 to regulate the emerging virtual asset sector in the emirate – excluding the Dubai International Financial Centre financial free zone – as the UAE pushes to become a global hub for the industry.
government is expected to rush to sell short term debt to replenish its Treasury General Account, potentially at yields so high that banks raise deposit rates to compete for funding, reducing interest in riskier assets like equities. The U.S.
June 17 (Reuters) – Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S.
Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved.