Regulation

CFTC Commissioner Caroline Pham recently expressed concerns about her agency’s charges against KuCoin, suggesting that they may infringe on the duties of the SEC. Pham acknowledged the enforcement action taken by the Division of Enforcement as aggressive, but raised questions about the interpretation of the allegations. Specifically, she pointed out that the complaint implies that
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Matt Hougan, Chief Investment Officer at Bitwise, has recently shared his observations on the increasing adoption of spot Bitcoin exchange-traded funds (ETFs). According to him, the inflows into these ETFs are set to continue for years as more investors and institutions embrace the products. During a 20-day road trip, Hougan interacted with financial advisors who
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Learn about how cryptocurrency is being regulated worldwide. Understand the importance of regulation, diverse approaches taken by countries, and the role of international organizations. Find out about regulations governing cryptocurrency exchanges, ICOs, taxation, and consumer protection. Explore the challenges faced and the future outlook for the industry.
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Following the US authorities’ criminal charges against KuCoin, the embattled crypto exchange faced a surge in withdrawal requests from various categories of traders. Data from DefiLlama, Nansen, and SpotOnChain indicated a significant increase in withdrawals, including whales, funds, smart money, and market makers. During the reporting period, SpotOnChain reported withdrawals totaling around $500 million, with
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The recent allegations against major cryptocurrency exchange KuCoin and its founders for failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures have sparked controversy within the crypto community. This article will delve into the details of the accusations, the implications for KuCoin and its founders, as well as the impact on the cryptocurrency market.
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Recent US criminal charges against KuCoin have raised concerns about the exchange’s operational stability. However, CEO Johnny Lyu has reassured users that their funds are safe and that the platform will continue to function without any disruptions. Despite facing allegations of flouting anti-money laundering laws, KuCoin remains confident in its ability to provide a secure
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The recent EU anti-money laundering regulations (AMLR) have become a topic of heated debate, centering around the balance between combating financial crime and preserving citizens’ rights to privacy and economic freedom. The laws, approved by most of the EU Parliament’s lead committees, have drawn criticism and support from a variety of stakeholders. A recent article
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Coinbase, the derivatives arm of the largest American cryptocurrency exchange, is gearing up to introduce futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. The company recently filed letters with the United States Commodity Futures Trading Commission (CFTC) outlining their plans to launch monthly cash-settled and margin futures
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