Infamous mixing protocol eXch drops USDT, USDC as US authorities eye its role in Bybit theft

Shady crypto mixing protocol eXch is merging with an offshore entity and restructuring to evade scrutiny over laundering tens of millions stolen from Bybit. Centralized crypto mixing protocol eXch revealed in an update on Bitcoin Talk that it plans to… дальше »

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Banning Tether is a threat to national monetary security

The following is an opinion piece by Tom Howard, Head of Financial Products and Regulatory Affairs at CoinList. Stablecoin Act drafts that would effectively ban Tether and other non-US stablecoin issuers from the US market due to offshore operations are circulating. дальше »

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US crypto exchange Coinbase eyes India comeback

Coinbase is in talks with Indian regulators to reenter the market after its 2023 exit as the FIU eases its stance on offshore crypto exchanges. дальше »

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India risks losing $2b in tax revenue as crypto traders shift to offshore platforms: report

India could lose over $2 billion in tax revenue from cryptocurrency transactions over the next five years due to its tax policies driving traders to offshore platforms, according to a recent report. The December report from Indian technology think tank… дальше »

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Hong Kong plans crypto tax exemptions for hedge funds and private investors

Hong Kong plans crypto tax exemptions for funds to enhance its status as an offshore financial hub, competing with Singapore. The post Hong Kong plans crypto tax exemptions for hedge funds and private investors appeared first on Crypto Briefing. дальше »

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Polymarket's Probe Highlights Challenges of Blocking U.S. Users (and Their VPNs)

What can offshore crypto companies practically do to stop Americans from accessing their services – and what do regulators expect them to do? дальше »

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Top Best Offshore Casinos for US Players in 2024

Discover the top 8 offshore casinos for US players in 2024. Explore the best offshore online casinos offering exciting games, generous bonuses, and secure payment options. дальше »

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Vietnam police bust crypto scam ring linked to offshore actors

Vietnamese police arrest five individuals linked to a crypto scam network, unraveling an offshore-led operation targeting unsuspecting victims. дальше »

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Kraken launches Bermuda-based crypto derivatives venue 

Kraken has expanded its offshore with a new derivatives trading venue in Bermuda, licensed by the Bermuda Monetary Authority. Kraken, a major global cryptocurrency exchange, has launched a new derivatives trading platform in Bermuda after securing a digital asset business… дальше »

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Curve Finance considers dropping TUSD from crvUSD backing amid SEC charges

Curve Finance is considering dropping TUSD from crvUSD backing amid SEC charges. The SEC alleges TUSD was mostly backed by a risky offshore fund, not U. S. dollars. Proposed changes include reducing TUSD backing to zero and lowering PYUSD minting. дальше »

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Curve mulls dropping TUSD as crvUSD backing after SEC charges

The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin. дальше »

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Bitcoin's South Korea Discount Hits Highest Since October 2023

The bitcoin price discount on Korean exchanges relative to offshore venues is the steepest since October 2023, according to CryptoQuant. дальше »

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A Fire Alarm Interrupted an Aussie Crypto Summit. The Symbolism Wasn't Missed by a Concerned Industry

Australia's crypto industry is concerned companies will move offshore after the nation's securities regulator set off "the crypto fire alarm." дальше »

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CFTC eyeing Polymarket, betting platforms amid US elections: Law Decoded

Polymarket and other offshore platforms are under CFTC scrutiny for compliance, and the SEC and German authorities are ramping up crypto crackdowns. дальше »

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CFTC eyeing Polymarket, betting platforms amid elections, says chair

If an offshore entity’s “footprint” in the US is big enough, they must register their derivative contracts or risk facing enforcement actions, says CFTC Chair Rostin Behnam. дальше »

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India to recover $345m in taxes from Kraken, Huobi, and other offshore exchanges

India’s Financial Intelligence Unit is looking to recoup at least $345 million in goods and services tax from 7 seven foreign cryptocurrency exchanges that operated in the nation. Sources familiar with the matter told the Economic Times that India’s anti-money… дальше »

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India tops global crypto use despite offshore exchange ban

India ranked first in Chainalysis’ 2024 Global Crypto Adoption Index, in addition to ranking second in the CSAO region in terms of crypto value received. дальше »

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Indian regulators to clear offshore crypto exchanges after strict AML review

India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year, following a thorough review of their compliance with anti-money laundering (AML) laws. дальше »

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India’s FIU considers approving two more foreign crypto exchanges

Following Binance and KuCoin, two more offshore cryptocurrency exchanges could receive the green light from India’s financial watchdog by March 2025. Sources familiar with the matter told a local media outlet that India’s Financial Intelligence Unit is reviewing registration requests… дальше »

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Biptap Set to Transform the Fintech Industry After $2 Million Funding

Biptap, a rapidly expanding fintech firm focusing on offshore banking solutions with a strong emphasis on privacy, has recently secured $2 million in a pre-seed funding round. The funding round garnered the attention of notable investors, such as various web3 decentralized investment funds, a travel facilitator with an extensive network of 2.5 million hotels, an […] дальше »

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Here's Why XRP Whales May Prefer U.S. Exchanges Over Offshore Venues

XRP's order book on U.S. exchanges is 30% more liquid than offshore platforms. дальше »

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LBank in hot water for breaking Japan’s financial rules

The Japanese FSA issued a warning to the offshore exchange LBank Exchange on June 14, saying that it was not registered to provide cryptocurrency transactions. It also warned Bybit, MEXC, Bitget, and Bitforex. дальше »

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Four offshore crypto exchanges eye return to Indian market

India’s financial watchdog, the Financial Intelligence Unit (FIU), has received new petitions from offshore cryptocurrency exchanges seeking to resume operations in India. According to a June 14 report from local news outlet Business Standard, a senior government official told the… дальше »

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Колин Ву: Bybit открыла регистрацию для китайских пользователей

Криптовалютная биржа Bybit, по-видимому, начала оказывать услуги в материковом Китае, который входит в список исключенных юрисдикций для платформы. Exclusive: The third largest offshore exchange Bybit suddenly opened up registration and authentication for users in China. дальше »

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Notcoin price takes a hit after Bybit debacle, is Bitbot a better alternative?

The price of Notcoin (NOT) has experienced a significant decline following a debacle involving the offshore exchange Bybit. At press time, Notcoin price had dropped to $0. 01159 from a high of $0. дальше »

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Несколько топ-менеджеров уволились из Bybit

Несколько топ-менеджеров криптобиржи Bybit подали в отставку после проблем с листингом Notcoin (NOT). Об этом сообщает журналист Колин Ву со ссылкой на служебную записку.  Exclusive: After the Notcoin delayed deposit incident, several executives of Bybit, the third largest offshore exchange, "voluntarily resigned" and publicly recruited new technical and spot managers, according to an internal letter […] дальше »

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CME Looks to Take On Binance and Coinbase, Could Launch Spot Bitcoin Trading: Report

The CME is already the top bitcoin futures exchange by open interest, while the offshore, non-regulated Binance dominates the spot market. дальше »

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Crypto’s Transition: Bringing Capital Onshore

Today, offshore firms dominate the list of the biggest cryptocurrency exchanges. Expect the center of gravity to come onshore going forward, says Paul Brody, head of blockchain at EY. дальше »

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Upcoming changes to Belgian gambling laws prompt shift to offshore Bitcoin casinos

The upcoming changes to Belgian gambling laws include bans on certain devices, gifts, bonuses, and free games. The age limit for punters will also be raised from 18 to 21 years. Many Belgian gamblers are shifting to online crypto casinos to circumvent the new changes. дальше »

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Binance loses 25% of Bitcoin market share as offshore markets shrinks

As offshore markets diversify, Binance’s Bitcoin market share has declined to 55%, while Bybit emerged as a frontrunner with a surge from 2% to 9. 3% Binance‘s dominance in Bitcoin trading outside the U. дальше »

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Crypto Market Conditions That Fueled FTX, Bankman-Fried, No Longer Hold: Galaxy Digital

U.S. investors now have access to regulated bitcoin ETFs that provide the same protections as buying stocks and reduce the incentive to move to unregulated offshore exchanges, the report said. дальше »

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Court Freezes $7.6 Million Assets Of Satoshi Wannabe Craig Wright To Prevent Legal Costs Evasion

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OKX repositions US compliance team as highest priority 

Offshore exchange OKX has moved its U.S. compliance team to top priority within the organization. дальше »

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Coinbase, Circle push for US action against Tether, non-compliant firms

Coinbase and Circle executives have called on the U.S. authorities to intensify actions against Tether and offshore crypto firms that fail to comply with regulations. дальше »

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