Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations

June 20, 2024 Bitcoin.com

Binance

India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges. This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets

June 18, 2024 Bitcoin.com

bitcoin.com

South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Nigeria Drops Tax Evasion Charges Against Binance Executives

June 14, 2024 Bitcoin.com

Biden Administration

Nigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s complete discharge of the executives from the cases. Binance Appoints Local Representative On June 14, […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Crypto Exchange Lykke Confirms Platform Breach; Reports Theft of Assets Valued at $22 Million

June 11, 2024 Bitcoin.com

Crypto Exchange Lykke Confirms Platform Breach; Reports Theft of Assets Valued at Million

bitcoin.com

The cryptocurrency exchange Lykke confirmed on June 10 that it fell victim to a breach, resulting in a hacker stealing digital assets valued at $22 million. Lykke stated that it had shut down the affected systems to contain the damage and assured users that their funds remained secure. Lykke Faces Accusations of Delayed Breach Confirmation […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals

June 9, 2024 Bitcoin.com

bitcoin.com

According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders millions of dollars to prevent potential harm to its reputation and avoid litigation. Bankruptcy Report Contradicts Saunders’ Previous Assertions The […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Associate Professor Rejects Alleged Link Between Nigerian Currency Depreciation and Crypto Trading

June 6, 2024 Bitcoin.com

Africa

Nigeria’s decision to halt naira trading on cryptocurrency exchanges is likely to worsen matters for its volatile currency,” an associate professor at the University of East London has argued. The associate professor said Nigeria can effectively regulate the cryptocurrency industry through a framework introduced by its securities regulator in 2022. Crypto Trading Not Linked to […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers

June 5, 2024 Bitcoin.com

Bitcoin

DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full reimbursement for affected customers, DMM Bitcoin plans […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Okx Launches Crypto Exchange and Wallet in the Netherlands

June 3, 2024 Bitcoin.com

Bitcoin

Global crypto trading platform Okx has launched its centralized exchange and wallet in the Netherlands. Dutch customers can now engage in spot trading and convert services for over 150 cryptocurrencies, including more than 60 crypto-Euro pairs. The platform integrates with Ideal, a popular online payment system in the Netherlands, for instant, fee-free deposits, and offers […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take Effect

June 3, 2024 Bitcoin.com

Bitcoin

Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits to taking appropriate actions against any legal breaches. […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Bybit Affiliate Withdraws Hong Kong VASP Application Months After Regulator Issued License Warning

June 1, 2024 Bitcoin.com

bitcoin.com

The Singaporean crypto exchange Bybit’s affiliate Spark Fintech Limited, has abandoned its pursuit of an operating license in Hong Kong. The affiliate withdrew its virtual asset trading platform application on May 31, exactly four months after submitting it. The decision followed the Hong Kong regulator’s classification of Bybit as an unlicensed entity, accompanied by threats […]

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