Crypto fintech Unbanked shuts down amid US regulatory hurdle

2023-5-26 11:28

Unbanked, a crypto fintech firm specializing in crypto custody and payments services, has made the difficult decision to close its operations, citing a harsh regulatory environment for cryptocurrencies in the United States.

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Источник: btcmanager.com

crypto regulatory → Результатов: 126

French banking giant Groupe BPCE secures regulatory greenlight for crypto services

Hexarq, the cryptocurrency subsidiary of Groupe BPCE, has obtained regulatory approval from France’s Financial Markets Authority (AMF) to offer crypto services to its clients in 2025, the Big Whale reported on Dec.

2024-12-21 23:30
crypto regulatory services bpce groupe offer dec

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Trump’s SEC chair frontrunner Mark Uyeda advocates for regulatory sandboxes in crypto

Mark Uyeda, a Trump SEC chair frontrunner, champions crypto regulatory sandboxes to foster innovation and clarity in the industry. The post Trump’s SEC chair frontrunner Mark Uyeda advocates for regulatory sandboxes in crypto appeared first on Crypto Briefing.

2024-11-22 20:30	Regulation
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UK’s ambitions for crypto hub status falter amid regulatory roadblocks

Crypto firms are increasingly turning away from the UK, citing burdensome and time-consuming regulatory processes as a key factor, the Financial Times reported, citing law firm Reed Smith. Registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have plummeted by more than 50% in the past three years, […] The post UK’s ambitions for crypto hub status falter amid regulatory roadblocks appeared first on CryptoSlate.

2024-8-31 00:00	Regulation
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Caitlin Long’s Custodia Bank slashes workforce under crypto regulatory strain

Regulatory pressures on crypto firms may stifle innovation and force industry players to downsize, impacting the broader financial ecosystem. The post Caitlin Long’s Custodia Bank slashes workforce under crypto regulatory strain appeared first on Crypto Briefing.

2024-8-30 10:15	Regulation
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Top crypto picks to buy at rising market before it’s too late

A new and promising crypto, ScapesMania, has witnessed impressive presale success. Ethereum is poised for growth with potential regulatory advancements like an ETF while Solana is the 5th most-traded cryptocurrency, stable and growing.

2023-12-5 18:21	Ethereum News
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What in the World Is Going on With Crypto Regulation?

Regulatory clarity has fueled crypto bull markets, demonstrated by Japan's 2016 adoption of crypto as payment and OCC's 2020 endorsement of crypto engagement. While global strides in clear crypto regulations are evident, particularly in Hong Kong, EU and UK, the US lags, emphasizing the need for enhanced regulatory certainty in the industry's advancement.

2023-8-10 18:45
crypto regulatory evident particularly hong kong regulations

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Crypto bills pass congressional committee in ‘huge win’ for US crypto

Two crypto regulatory bills have been passed by the United States House Financial Services Committee that could finally provide some much-needed regulatory clarity.

2023-7-27 04:26
crypto regulatory committee bills services financial house

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Nasdaq Hits Pause On Crypto Custody Plans, Citing Regulatory Hurdles

According to a Bloomberg report, Nasdaq, the exchange operator, has announced that it is halting the launch of its crypto custodian business in the United States due to a shifting business and regulatory environment.

2023-7-20 22:00
crypto regulatory nasdaq business launch halting custodian

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Singaporean sovereign fund Temasek exits crypto altogether amid regulatory crackdown

Singapore sovereign fund Temasek said it is not planning to invest in crypto companies due to the current regulatory environment, its Chief investment officer, Rohit Sipahimalani, told CNBC in a July 11 report.

2023-7-12 20:25
crypto regulatory temasek sovereign fund investment chief

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New Zealand not quick to implement crypto regulatory policies

New Zealand’s central bank is trying to exercise caution in taking a regulatory approach towards crypto and stablecoins, stating that the government is monitoring the development of crypto regulations globally.

2023-6-30 14:56	Regulation
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Dubai: Launching a Crypto Regulatory Arm to Become a Global Financial Power

The center of the crypto universe has been shifting toward the UAE since March 2022, when Dubai announced the world’s first independent crypto regulator, the Virtual Asset Regulatory Authority. With its state intention to provide legal clarity for crypto, the No.

2023-6-27 14:37
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Crypto law firm Gresham advises against US presence, cites unfavorable regulatory environment

Crypto law firm Gresham International has advised crypto firms not to have a presence within the United States, considering the country’s regulatory posture towards the industry, according to a June 6 press statement shared with CryptoSlate.

2023-6-6 18:40	УС
crypto regulatory presence firm gresham law towards

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Crypto Outflows Spike Following U.S. Regulatory Crackdown, Says CoinShares

The crypto space is experiencing increasing tension as United States regulators intensify their regulatory approaches. Some of their recent enforcement actions include a stop order mandate on crypto token issuers, a Wells Notice to some exchanges, a hint of lawsuits, and others.

2023-2-22 17:20
crypto regulatory order mandate stop actions enforcement

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UK announces tax break for crypto investors and new regulatory sandbox

In a recent move to become a hotbed for innovative technologies, the UK announces a tax break for crypto investors and a new regulatory sandbox for financial technologies. The government of the UK has confirmed its plans to include crypto…

2022-12-9 17:04	UK
crypto regulatory sandbox new technologies announces break

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Turkey drafts new bills to increase regulatory oversight of crypto

Turkey is drafting new crypto laws that would introduce more regulatory oversight in the crypto market and possibly impose some transactions involving digital assets – as discussed by two officials on the matter.

2022-5-26 17:35	Taxes
crypto regulatory oversight turkey new involving digital

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UK gets serious with regulatory focus as it recruits head of new crypto department

The UK’s financial regulatory body, The Financial Conduct Authority (FCA), has set its sights on crypto in a week filled with news on crypto regulation. The post UK gets serious with regulatory focus as it recruits head of new crypto department appeared first on CryptoSlate.

2022-3-17 13:00	rumors
crypto regulatory new gets financial department focus

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ECB president calls for crypto regulation in response to Russia potentially evading sanctions

"It’s so critically important that MiCA is pushed through as quickly as possible so we have a regulatory framework within which crypto assets can actually be caught," said Christine Lagarde.

2022-2-28 00:50	Cryptocurrencies
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OCC Comptroller calls for federal collaboration with crypto intermediaries

Michael J. Hsu said that the mainstreaming of crypto has occurred despite regulatory and legal uncertainty, and a series of scams, hacks and other disruptive events.

2022-1-18 11:41	United States
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Regulatory Drama Aside, Crypto Derivatives Rise from the Ashes

For years, the cryptocurrency industry has had a complicated relationship with regulators. An example of regulatory pushback within the crypto space was when Facebook-backed Diem tried to launch its stablecoin.

2021-9-9 13:10	Company News
crypto regulatory space within example when pushback

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Regulatory Drama Aside, Crypto Derivatives Rise From the Ashes

2021-9-9 10:00
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Turkish government to track crypto transactions over $1,200

Turkey’s Minister of Treasury and Finance sheds light on regulatory actions following an alleged $150-million crypto exchange scam.

2021-5-8 12:58	Turkey
crypto regulatory actions sheds light following scam

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Crypto users demand reinstatement of Pakistani government adviser following sudden resignation

Zia Ullah Bangash's potential departure from an important role in facilitating Pakistan's regulatory environment for crypto had many threatening to withhold votes and demanding answers.

2021-4-19 00:00	Cryptocurrencies
crypto regulatory environment pakistan facilitating role had

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Philippines' central bank to license crypto trading and custody firms

The Bangko Sentral ng Pilipinas has expanded its regulatory remit of the crypto space to include all cryptocurrency financial service providers.

2021-1-26 12:57
crypto regulatory remit space all service providers

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Mainstream Institutions No Longer Have Regulatory Reasons to Fear Crypto

Institutions on the fence about crypto involvement may no longer fear legal uncertainty, given recent crypto custody regulatory clarity.

2020-7-25 21:44	Cryptocurrencies
crypto regulatory fear longer institutions uncertainty may

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Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U. K. We also cover numerous crypto regulatory developments in the U.

2020-1-14 13:25	Virtual Currency
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Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

In this regulatory roundup, we cover the U. S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U. S. government toward crypto regulation.

2019-12-9 16:35	УС
crypto regulatory fund futures roundup bitcoin targeting

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Pro-Bitcoin SEC Commissioner Warns Against One-Size-Fits-All Crypto Laws

Pro-bitcoin SEC Commissioner Hester Peirce says adopting a single global regulatory framework for crypto is an “unwise” approach to governing the budding industry. Peirce says continued communication among the world’s financial regulators is the key to unlocking the opaque regulatory puzzle we find ourselves in.

2019-8-2 15:07	SEC
crypto regulatory pro-bitcoin sec commissioner global framework

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Regulatory Pressure Amidst Libra Crypto Controversy Hasn’t Shaken Bitcoin Bulls

All this week, the crypto market has been under a microscope both by politicians with regulatory power, and throughout the entire crypto community hoping to determine what long-term implications Facebook’s Libra will create for Bitcoin now that policymakers are up in arms over the asset class.

2019-7-20 04:01	Libra
crypto regulatory bitcoin libra bulls amidst pressure

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Crypto Exchange Bittrex Delists 40+ Altcoins for US Clients: Regulatory Pressure

Crypto Assets Delisted En-Masse on US Exchanges As Bitcoin (BTC) has returned, regulatory pressure on crypto assets and their respective industries have begun to rapidly mount. We may be just six months from BTC’s $3,200.

2019-6-15 10:00	United States
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“Crypto Mom” Reminds SEC to be Friendlier with the Crypto Industry

SEC Commissioner Hester Peirce, also affectionately known in the crypto community as “Crypto Mom,” has once again stepped forward urging the government and regulatory bodies to embrace digital assets.

2018-9-19 15:00	SEC
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Ripple Hints That xRapid, Its Crypto Product, May Go Live Very Soon

In an interview with CNBC, Sagar Sarbhai, who heads the regulatory relations department for Ripple in the Asia Pacific and the Middle East said that the company had made significant progress in the development of its xRapid product.

2018-9-19 16:29	ripple
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Robinhood Is Making a Fortune from Its Millenial Mob of Crypto Traders

Robinhood has been making waves since it launched its zero-fee crypto trading platform in 2013. The adoption of different altcoins, regulatory approval in a handful of American states, and a fast-growing user base have all pointed to a potential unicorn in the space.

2018-9-18 06:00	trading
crypto robinhood all pointed making unicorn space

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Crypto Week In Review: Institutions Finally Ready to Commit to Bitcoin

Although the collective value of all crypto markets is only a tad above its year-to-date low, institutions still seem poised to tackle digital assets head on, with an array of Wall Street giants making meaningful moves throughout the past week.

2018-9-16 12:16	Wall Street
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Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million

The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars.

2018-9-16 21:45	SEC
company sentenced prison million crypto ex-ceo fraud

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US Regulatory Authority Approves BitGo For Custodian – BTC, ETH & XRP For Recovery

US regulatory authority approves BitGo for the status of a custodian for crypto and the market is booming during positive news. The digital currency security startup BitGo has been granted approval of a custodian for crypto and other virtual assets after the company put in a request for permission to act as a digital asset custodian.

2018-9-14 21:30	XRP
custodian crypto bitgo approves regulatory authority company

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Japan’s FSA to Add to Crypto Team for Exchange License Reviews

The Japanese financial regulatory body is contemplating an expansion of its team focused on cryptocurrency and related activities. Observing the growing interest of Japanese companies in establishing a digital currency exchange, The Financial Services Agency (FSA) is set to bring more breadth to its team in 2019, per a Reuters report dated September 12, 2018.

2018-9-15 19:30	Regulations
team financial expansion japanese fsa crypto exchange

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Bittrex to Launch Crypto Exchange in Malta Next Month

US-based cryptocurrency exchange Bittrex is reportedly launching a crypto exchange in Malta at the beginning of next month. Bittrex says the new platform will allow them to list coins “a lot faster.

2018-9-14 18:40	Virtual Currency
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Bitgo’s Crypto Custody Service for BTC and Other Altcoins Gets Regulatory Approval in the US

BitGo Inc. one of the most important startups in the field of security applied to the world of crypto and blockchain technologies, received approval from South Dakota State’s Division of Banking for its branch BitGo Trust Company to legally operate within the state.

2018-9-14 10:22
bitgo approval crypto world state regulatory service

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BitGo Receives Regulatory Approval to Custody Crypto Assets

Crypto security startup BitGo has received approval in the U.S. to act as a qualified custodian for digital assets.

2018-9-13 16:14
bitgo crypto assets approval act qualified custodian

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FINRA Issues Its First Crypto Disciplinary Action

The U. S. Financial Industry Regulatory Authority has taken its first disciplinary action involving cryptocurrencies. The authority charges a broker with fraudulent and unlawful distribution of unregistered crypto securities.

2018-9-13 08:10	Virtual Currency
crypto disciplinary action finra authority public issues

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US Judge Rules ICOs Covered By Federal Securities Laws

On Tuesday, U. S. District Judge Raymond Dearie in Brooklyn, New York said that U. S. federal securities laws may cover initial coin offerings (ICOs), per Bloomberg report. This week’s ruling enhances the regulatory framework that governs cryptocurrencies by leveraging existing rules that already regulate the U.

2018-9-12 23:00	Regulation
federal laws securities judge rules icos brooklyn

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SEC Takes Action Against Two Crypto Firms

The agency announced two regulatory “firsts” this week.

2018-9-13 22:36	law and legislation
two regulatory announced firsts week agency firms

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Federal Judge Applies Long-Established Securities Law to ICOs

Does a decades-old securities law apply to an initial coin offering (ICO)? In a case that represents the first time securities laws have been applied to cryptocurrencies, a district judge says it may.

2018-9-12 22:09	Law & justice
securities icos laws judge law two does

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Liechtenstein FMA Grants Regulatory Assessment to ETERBASE

Crypto exchange ETERBASE has made significant progress in its efforts to become one of Europe’s leading exchanges, with a regulatory assessment from Liechtenstein’s Financial Markets Authority (FMA).

2018-9-12 17:45
liechtenstein assessment eterbase regulatory fma grants markets

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Ethereum Co-Founder: Crypto is Seeing Huge Amount of Activity, Tremendous Growth

The cryptocurrency industry has undoubtedly been through a lot over the better part of the past decade. Whether it may be the regulatory scrutiny or the multiple 90% price corrections, it would be appropriate to say that longtime proponents have really seen it all.

2018-9-12 09:39	Joseph Lubin
crypto growth co-founder tremendous ethereum all seeing

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Malta Stock Exchange and Binance to Launch Tokens Platform

MSX PLC, the digital asset arm of the Malta Stock Exchange, has signed a Memorandum of Understanding (MoU) with Binance to launch a digital exchange for trading security tokens, per its press release.

2018-9-12 00:01	Adoption & community
malta binance exchange blockchain security tokens stock

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OKEx Founder Released After Questioning in Connection With Suspected Coin Fraud

The founder of cryptocurrency exchange OKEx was detained for questioning on September 10, 2018, by Shanghai police to investigate a case of suspected digital currency fraud related to WFee coin.

2018-9-12 23:42	Law & justice
coin wfee trading okex police according exchange

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Two-for-One: SEC Slaps Crypto Hedge Fund, Broker With Registration Failures

In what it deems a first for both enforcement actions, the United States Securities and Exchange Commission (SEC) is charging two entities with registration failures.

2018-9-12 23:36	Regulation
sec unregistered company tokenlot securities digital tokens

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Top 7 Cryptocurrency Predictions for 2019

Some days it feels like it’s all bad news for crypto. When the Federal Bureau says it’s not even a blip on the radar, the SEC delays another important decision, or the Chinese clamp down on content.

2018-9-12 22:30
cryptocurrency bad predictions 2019 putting everyone scaling

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Mainstream adoption of cryptocurrency will be achieved through meaningful association with name brands outside the financial and tech sectors.

Copper Technologies cancels U.K. registration in favor of global expansion

UK-based crypto firm Copper Technologies withdrew its registration to the FCA. Instead, its new CEO wants to shift the custodian’s focus towards securing operating licenses in the US and other countries.

Ohio introduces second Bitcoin reserve bill

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What’s behind Bitcoin’s historic rise to $108,000? From Trump’s speech to ETFs and MicroStrategy’s massive buys, could a major institutional supply squeeze be underway? Bitcoin soars to new highs Bitcoin (BTC) has once again stolen the spotlight. On Dec. 17,…

Springfield man is convicted for using crypto to finance ISIS operations

On December 13, Mohammed Azharuddin Chhipa residing in Springfield, was convicted by a federal jury on multiple counts associated with the Islamic State of Iraq and al-Sham, a foreign terrorist organization.

CZ highlights how governments are leaning towards BTC strategic reserves

Former Binance CEO Changpeng ‘CZ’ Zhao creates a thread on X, showcasing news headlines that point to governments establishing strategic Bitcoin reserves, much like the plans introduced in the U.

2023-5-26 11:28

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