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regulatory crackdown

Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown

Coinbase to Suspend Trading of BUSD Amid Regulatory CrackdownCryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that […]

BlackRock leads $47M funding round for RWA tokenization firm Securitize

‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions

‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement ActionsOn Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered offering” related to its U.S. staking service. Digital currency advocates are now debating what constitutes a yield product versus a noncustodial solution […]

BlackRock leads $47M funding round for RWA tokenization firm Securitize

Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the Province

Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the ProvinceCryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected the operations of several exchanges. Crypto Exchange Binance Exits Canada’s Ontario Binance, which is one of the world’s leading cryptocurrency exchanges by daily volume, has […]

BlackRock leads $47M funding round for RWA tokenization firm Securitize