The Swiss blockchain technology company is being sued under U.S. securities laws, with investors arguing that the U.S. rules should still apply to the firm’s unregistered digital tokens.
Mirror Trading International was forced into liquidation in December 2020, amid claims it was operating illegally and fraudulently.
The digital asset exchange has said users will now be banned from withdrawals unless they are able to verify their ownership of external wallets.
The court approved the bid from investor Tetragon to prevent Ripple from buying any more XRP, or redeeming other investor stock, until Tetragon’s stake had been redeemed.
Suggesting the government needs new tools to prevent money laundering through exchanges, Janet Yellen said many digital currencies “are used at least in a transactions sense mainly for illicit finance.”
The period for comments has been extended for a further 15 days to allow submissions on a proposed $10,000 limit per transactions.
Digital currency exchange Huobi has secured the backing of regulators in South Korea, following the decision to award Huobi Korea an ISMS certification.
The permanent closure comes after the exchange abruptly shut down in the wake of the attack in late December, leaving many of its users out of pocket.
The decision follows a filing by the U.S. securities regulator against parent company Ripple Labs Inc. for failing to register with the SEC.
Twitter founder Jack Dorsey has said Bitcoin represents a better model for the internet, in a series of tweets offering justification for the platform’s recent ban of U.S. President Donald Trump.
The Chinese block reward miner manufacturer is preparing for an imminent initial public offering (IPO) that could see the firm debut on the Nasdaq over the coming weeks, according to reports.
The Hong Kong based group, which runs cryptocurrency exchange OSL, issued 45 million shares at HK$15.50, raising a total of HK$697 million—roughly equivalent to $90 million.
