Jett Hutchinson спросил 2 года назад
«We are working hard to prepare our business to be fully compliant with MiCA when it is implemented in the next 18 months. To that end, we have made the decision to pull back efforts in Cyprus to focus on our efforts on fewer regulated entities in the EU, especially our larger registered markets where we already have a mature footprint, including France, Italy and Spain,» the spokesperson said.
In America, the Securities and Exchange Commission has been cracking down on the industry, last week filing lawsuits against cryptocurrency exchanges Coinbase and Binance for allegedly breaching its rules.
The agency’s aggressive policing has sparked a wave of criticism from digital assets firms and advocates on Capitol Hill for what they describe as regulatory overreach.
Two-year Treasury yields, which are extremely sensitive to monetary policy expectations, rose to 4.602%, while the yield on benchmark 10-year notes US10YT=RR climbed to 3.743%.
We had an on-site visit last week by the relevant authorities,» a Binance spokesperson said. «In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere.
«If we expand Dubai to offer services in Saudi Arabia or Bahrain, to jurisdictions where there is no domestic framework required, then those domestic populations are actually getting a windfall benefit because we are regulated by an international regulator,» Byun said.
A group of French crypto investors filed a criminal complaint against Binance in December, accusing it of misleading the public and promoting its services before it was legally allowed to do.
«The SEC has not said that BTC, ETH, or stablecoins generally are unregistered securities, and those assets account for at least 75% of crypto’s total market cap,» said Alex Thorn, Head of Firmwide Research at Galaxy Digital.
No firm has yet been licensed under VARA’s full market product (FMP) stage — which would permit the serving of retail clients, regulator information shows.
OKX plans to apply for such a licence, Byun said.
Among bitcoin traders, those that have held the coin for under five months were most active in last week’s trading, accounting for 76.4% of deposit volume, according to analytics firm Glassnode.
By contrast, bitcoin investors who have held their coins for more than five months appeared relatively calm and accounted for just 1.9% of deposit volume.
And it may not be all doom and gloom for beleaguered altcoins, according to some market watchers who say their price declines could be attracting investors hunting value.
«Investors in this asset class have learned their lessons the hard way and now are being much much more picky about who to deal with,» said Samed Bouaynaya, a digital asset portfolio manager at London-based hedge fund Altana Wealth.
Earlier on Friday, the company said it was leaving the Dutch market because it had been unable to meet registration requirements to operate as a virtual asset service provider.
The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U.S.
securities regulator on alleged violations of securities laws.
The case comes on the heels of charges in March against Binance by another US regulator, the Commodities Futures and 现货交易 Exchange Commission, and as the company faces a legal probe in France on allegations of illegal trading and money laundering.
Earlier this month, Nigeria’s markets regulator ordered Binance to halt its operations in the country, saying local unit «Binance Nigeria Limited» that courted Nigerian investors through a website was not registered or regulated, making it illegal.
A Binance spokesperson said in a statement on Saturday: «Although we maintain that the SEC’s request for emergency relief was entirely unwarranted, we are pleased that the disagreement over this request was resolved on mutually acceptable terms. User funds have been and always will be safe and secure on all Binance-affiliated platforms.»
June 18 (Reuters) — Binance has issued a cease and desist order to «Binance Nigeria Limited», Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a «scammer entity».
A day later, the SEC asked a federal court to freeze Binance.US’ assets, including more than $2.2 billion held in crypto and some $377 million in U.S.
dollar bank accounts. The SEC expressed concern that the exchange could move those funds offshore.
