Binance and KuCoin Obtain Registration with India’s Top Financial Regulator
While KuCoin has already paid a fine of $41K and resumed operations in India, Binance is yet to complete compliance proceedings.
Kraken, a Bitcoin exchange, has announced its launching in Japan, aiming itself at the nation’s large number of finance professionals and active traders.
While KuCoin has already paid a fine of $41K and resumed operations in India, Binance is yet to complete compliance proceedings.
Kraken contends the SEC interpretation of the Howey Test and asks the court to dismiss the case against the exchange.
Steingraber stated that while the price of XRP is currently determined by supply and demand on exchanges, traditional finance institutions such as Bank of America are restricted from using the asset due to regulatory requirements
The BCB Group provides crypto-related services to major web3-focused financial institutions such as Gemini, Kraken, and Crypto.com, among others.
Apart from Malta, OKX has encountered regulatory troubles in other countries. The exchange is facing regulatory hurdles in India and has asked users to stop trading margins, perpetuals, and futures options.
Kraken’s strategy is driven toward attracting new institutional customers into the market.
Kraken criticized the SEC’s interpretation of investment contracts, calling it into question for its potential impact on the broader market.
The emergence of OnlyFake poses significant concerns for the crypto ecosystem, particularly in combating fraudulent activities.
Among the 46 legal actions initiated in 2023, 57% specifically targeted fraud, while 61% accused defendants of vending unauthorized products to US customers.
The affected cryptocurrency exchanges have responded cautiously, stating their commitment to comply with local laws while minimizing disruptions to their services.