Regulation

Brazil bars this crypto exchange from brokering securities

admin2022-09-07T07:30:28+00:00

Brazil’s Comissão de Valores Mobiliários (CVM) or Securities and Exchange Commission (SEC) has barred crypto exchange Bybit from brokering securities. Brazil’s SEC also published a declaratory act for the same.  The act noted that the Singapore-based crypto exchange had been barred from offering securities to Brazilian citizens. Additionally, Bybit has also been suspended from the public offering of any securities, directly or indirectly. This also includes the use of websites, applications, or social networks. The CVM also stated that if...

CoinW CTO Affirmed the Cryptocurrency Exchange Had Fully Compensated Users Who Affected by Abnormal Price Fluctuations –

admin2022-09-03T11:02:54+00:00

Recently, there has been a short-term perpetual contract price abnormality in CoinW (one of the longest-standing cryptocurrency exchanges), which has caused some users' positions to be lost. Wilson, the CTO of CoinW responded to this saying; “The short-term contract price abnormality was caused by the underlying data upgrade of the cloud service over the weekend. There was a break in the data synchronization migration, which caused some users to fail to synchronize the position limit configuration function for copy-trading,...

Thai SEC Creates New Crypto Advertising Rules

admin2022-09-02T23:02:06+00:00

Key Takeaways

Thailand's SEC has introduced a set of six rules for cryptocurrency companies who advertise services. Broadly, those rules will ensure that clear warnings are provided and will otherwise limit advertising options. The rules took effect on September 1, and all advertisements must be revised within 30 days of the effective date.

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The Securities and Exchange Commission of Thailand has announced that it will create strict rules for cryptocurrency companies that advertise in the country.

Thailand SEC to Regulate Ads

Thailand’s regulators...

Billionaire David Rubenstein Predicts Future Of Crypto Regulation

admin2022-09-02T03:38:40+00:00

Billionaire businessman David Rubenstein said he is bullish on the crypto assets industry. Despite regulatory pressures, he predicted that some of the blockchain companies would be successful in future. He also shed some light on the Congress’ view of crypto and its position to regulate the industry. Although some companies have been hurt by the recent decline in prices, the industry is here to stay, he explained. The businessman was earlier a sceptic of crypto but is now supporting the...

Avalanche (AVAX) Hottest In Crypto Community: Price Recovery Soon?

admin2022-08-30T02:18:09+00:00

Interest in AVAX is the highest among cryptocurrencies after claims of anti-competitive practices by Ava Labs, the company behind Avalanche. Serious claims against the company had a negative impact on AVAX price, with a drop by 17% on existing price. The AVAX price recovery was, however, swift after the asset reaching 7-week lows at one point. Crypto group CryptoLeaks accused Ava Labs made a concerted effort to hurt its competitors and avoid any form of regulation. The group claimed...

S.Korea To Lift ICO Ban

admin2022-08-29T22:06:47+00:00

South Korea is actively reviewing its regulatory moves in the cryptocurrency industry, as it seeks to strike a balance between fostering innovation and ensuring adequate consumer protection measures. The country had placed a ban on initial coin offerings from entities within the space. Nonetheless, it appears it will be waving that regulation soon.

Bank of Korea will soon allow crypto entities to release new assets

A local news outlet uncovered the development Monday. Apparently, South Korea’s central bank, the Bank of...