The recent settlement between Binance and the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, sheds light on the consequences of unlicensed derivatives trading in the country. This agreement comes after a year-long investigation into Binance’s activities, culminating in a hefty fine of $1.76 million. The CVM had previously ordered Binance to cease its unauthorized
Exchanges
Australia’s Securities and Investments Commission (ASIC) has taken legal action against the Australia Securities Exchange (ASX) Ltd., alleging that the ASX made misleading statements regarding its blockchain trade settlement project. According to ASIC, the ASX falsely claimed in February 2022 that the project was “on track” for an April 2023 launch and that it was
In a recent court filing on August 12, a US appeals court made a significant decision to partially overturn the dismissal of a class-action lawsuit against Binance.US, the US subsidiary of the global Binance exchange. The plaintiff, Ryan Cox, had brought forward allegations against both Binance.US and CoinMarketCap regarding the manipulation of the price of
Coinbase, one of the leading cryptocurrency exchanges, has recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs). The company, along with other industry players, has voiced concerns about the potential negative impact of
Recently, Binance, the leading cryptocurrency exchange globally, confirmed that the Venezuelan government has restricted access to its website. This action came following the controversial presidential election results in the country. In a post on August 10, Binance mentioned that similar to other companies in various sectors in Venezuela, including social media platforms, their pages were
The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto community. The Fed found that the bank violated various financial regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement with digital assets. As a
Coinbase, one of the leading cryptocurrency exchanges, has taken a bold stance against the US Commodities Futures Trading Commission (CFTC) proposal that could potentially harm prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its failure to acknowledge the positive economic impact
BTSE has taken a significant step forward in the world of decentralized trading with the launch of BTSE Dex 2.0. This new platform introduces cross-compatibility for Ethereum Virtual Machine-based chains, opening up opportunities for trading on over 50 perpetual futures across networks like Base, Optimism, and Arbitrum. By tapping into Orderly Network’s decentralized exchange protocol,
In response to a $230 million cyberattack on July 18 that disrupted platform operations, WazirX has taken the decision to restore user balances to their state as of July 18, 1 P.M. IST. This move comes after the suspension of withdrawals and the reversal of trades conducted between July 18 and July 21. The restoration
The US Securities and Exchange Commission (SEC) has taken a strong stance against Coinbase’s request for additional discovery in their legal dispute. The SEC argues that the vast amount of information sought by Coinbase is largely irrelevant and burdensome. The SEC asserts that the documents requested by Coinbase do not directly relate to the core