gerenme Introduction This article explains why existing securities exchanges fail to compete. It examines new tactics and products that would make inter-exchange competition a reality. Finally, and most importantly, it shows why an ambitious broker-dealer might be motivated to build a new exchange that might be called ENEX. Why Securities Exchanges Do Not Compete The…
The affected cryptocurrency exchanges have responded cautiously, stating their commitment to comply with local laws while minimizing disruptions to their services. Apple has recently made a big decision to block certain popular cryptocurrency exchange apps from its App Store in India. This choice was influenced by the increasing regulatory pressure from Indian authorities who are…
The Securities and Exchange Commission (SEC) is holding meetings with leading stock exchanges to conclude discussions and gather final comments on the much-anticipated Spot Bitcoin Exchange-Traded Funds (ETFs), according to Eleanor Terrett of FOX Business. The SEC has been under intense scrutiny regarding the approval of Spot Bitcoin ETFs, which would open doors for widespread access to…
The Indonesian government is keen to protect crypto investors from exploitative exchanges and ensure optimal tax collection. The high demand for digital assets and Web3 products in Indonesia has seen registered users surpass more than 18 million, compared to 12 million traditional stock traders. With the number of crypto users expected to grow exponentially in…
Anticipated interest rate cuts by central banks in the coming months could attract capital to various markets, potentially leading to increased volatility in speculative sectors like cryptocurrencies, according to some market observers. With the Federal Reserve pausing its rate hiking cycle and other central banks globally following suit, there is speculation that we may have…
The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income has already received approval…
The commission now has access to all of the exchange’s records, which could serve as a catalyst for uncovering additional instances of mishandled funds or suspected fraudulent activities. The recent news of Binance’s former CEO pleading guilty to money laundering charges has undoubtedly made headlines, adding to the circumstances that led to his decision to…
Armstrong touted Coinbase’s efforts at remaining in line with US compliance, while calling for regulatory clarity in the sector. The CEO of Coinbase Brian Armstrong has commented on Binance’s regulatory issues, particularly Changpeng Zhao’s decision to step down as CEO. The Coinbase chief took to X to explain the exchange’s decision to follow rules and ensure…
The new developments come after a court-mandated phased liquidation process, enabling FTX to sell digital assets worth a total of $3 billion on a weekly basis. A flurry of activity in the crypto space last night grabbed the attention of industry watchers as the wallets associated with bankrupt crypto exchange FTX and its sister company…
In readiness for the event, there has been a major increase in the price of TIA, as it was already trading on a decentralized derivatives exchange, Helix, at around $3.15. Celestia, a modular blockchain network focused on data availability, is preparing to launch its mainnet today, October 31, at 14:00 UTC. This long-anticipated event will…
Depending on current BC Technology discussions with potential buyers, the company might conclude a sale of all or parts of its OSL exchange. BC Technology Group, the parent company and owner of Hong Kong crypto exchange OSL is looking to sell the exchange. According to a Bloomberg article referencing people familiar with the matter, BC hopes to…
Kraken Australia’s Director Jonathon Miller does not support the proposed rules, stating that the paper was trying to fit crypto into existing financial services regulations. The Australian Treasury has unveiled a consultation paper that details plans to regulate crypto exchanges in the country. The new regulatory framework – released on October 16 and titled “Regulating…
In the heart of Sacramento, a quiet drama unfolds. As California’s legislative session concludes, two pivotal crypto regulatory bills, AB 39 and SB 401, stand on the cusp of becoming state law. These developments carry profound implications for the bitcoin and broader crypto industry, transcending California’s borders to influence future regulatory paths across other states…
Beyond Binance’s own commitment, the IRI garnered an additional $100 million in contributions from 18 organizations by February 2023. A recent report from Bloomberg suggests that the $1 billion Industry Recovery Initiative (IRI), launched by Binance has fallen short of expectations, with only 2.7% of the committed funds deployed. The Industry Recovery Initiative was first…
Torsten Asmus/iStock via Getty Images By Jeff Weniger, CFA “With this year as the first year of my ‘asset income doubling plan,’ we will promote, boldly and fundamentally, the shift from savings to investments.” – Japanese Prime Minister Fumio Kishida, February 2023 Nothing will put you into a deep nap quite like a PowerPoint deck…
The SEC enforcement chief stated that the agency’s interest in crypto goes much beyond the high-profile cases with a number of DeFi businesses on its radar. The US Securities and Exchange Commission (SEC) seems to be further determined to chase down crypto exchanges and DeFi firms. David Hirsch, head of the SEC’s Crypto Assets and…
The Taiwanese government is planning to release guiding principles by the month end, in order to boost information disclosure for crypto exchanges. Taiwan is preparing to introduce some sweeping regulatory changes while restricting offshore exchanges from operating in the country without any proper compliance in place. The Financial Supervisory Commission (FSC) of Taiwan has formulated…
With a robust operational history and an efficient Ethereum Virtual Machine launched earlier this year in April, EOS has established itself as a trusted platform for developers in the crypto industry. The EOS Network Foundation (ENF) has secured regulatory approval for the trading of EOS tokens on regulated cryptocurrency exchanges in Japan. The Japan Virtual and…
Binance’s influence is undeniable as the exchange boasts a staggering total of over 128 million users worldwide. Binance, the world’s largest crypto exchange, has defied all expectations by maintaining its position as the dominant player in China, even in the face of a crypto ban imposed by the country in 2021. A recent report from…