German financial regulator suspects Binance offering ‘violates securities laws’
The German financial regulator has reasonable grounds to suspect cryptocurrency exchange Binance of violating securities laws over its tokenized stock trading service.
The German financial regulator has reasonable grounds to suspect cryptocurrency exchange Binance of violating securities laws over its tokenized stock trading service.
Senior government officials in Turkey are considering establishing a centralized authority to tackle counterparty risk in digital currency transactions, after employees were arrested at Vebitcoin and Thodex.
Employees of the Financial Services Commission who deal with digital currencies must file reports on their personal digital currency holdings.
Companies considered to be Virtual Asset Service Providers (VASPs) are now required to adhere to the same rules as other regulated financial companies in Ireland.
Daybit cited the toughened regulations that seem to only favor the big exchanges, while pushing the smaller rivals out of business, as the reason for its closure.
ASIC commissioner Cathie Armour said the regulator remained interested in how digital currency could improve the operation of the wider financial system.
The Financial Times reported that European regulators, were investigating whether the Binance token launch was arranged in compliance with securities laws before being made available for sale.
Senator Rob Portman said he hoped the bill would attract bipartisan support, as a measure for tackling the problem of undeclared digital currency trading gains.
Two local firms are set to lodge their applications with the Johannesburg Stock Exchange, which has rejected such an application in the past.
The Seoul metropolitan government said this week it had found and even seized such assets from over 600 "tax delinquents"—individuals and heads of companies living in the city.
The bill calls for a jointly established digital asset regulation working group, composed of bot the SEC and the CFTC as well as relevant business representatives, academics and investor protection organizations.
The South Korean government is reportedly preparing to ramp up regulation against digital currency, in a bid to more readily identify illegal digital currency transactions.