Reading Time: 2 minIn a groundbreaking decision, FTX liquidators have announced their plan to prioritize full customer reimbursement instead of relaunching the exchange. This move aims to protect customer interests, ensure legal compliance, and restore market confidence in the cryptocurrency industry.
Reading Time: < 1 minCoins.ph, a leading Philippine financial technology company, has secured its Digital Currency Exchange (DCE) registration with AUSTRAC, paving the way for its expansion into Australia. This move signals a potential shake-up in the country’s crypto landscape, promising more choices, competitive fees, and a commitment to compliance.
Reading Time: < 1 minCryptocurrency exchange FTX is seeking clawbacks from Bybit, alleging that the exchange facilitated illegal trades by FTX customers. Bybit has denied any wrongdoing, but Coinbase has warned its customers that they may be subpoenaed by the CFTC as part of an investigation into Bybit.
Reading Time: 2 minThe Australian government has proposed a regulatory framework for digital asset platforms, aiming to balance innovation with consumer protection. The framework introduces licensing requirements, minimum standards, and a new financial product called a “digital asset facility.” However, it faces challenges due to political uncertainties, regulatory complexity, and the evolving nature of digital assets. The consultation period ends on December 1, 2023, and an exposure draft of the legislation is expected in 2024.
Reading Time: 7 minExplore the seismic shifts in the cryptocurrency landscape as Binance, the world’s largest exchange, navigates a historic $4.3 billion settlement with the U.S. Department of Justice (DOJ). Delve into the impact of CZ’s resignation, the intricacies of the DOJ investigation, and the unfolding regulatory compliance journey. Discover how these developments could reshape the crypto industry and influence financial markets, marking a pivotal chapter in the evolution of Binance and the broader digital currency ecosystem.
