FTX opts for liquidation to reimburse customers
In a surprising turn of events, FTX, one of the most high-profile cryptocurrency exchange platforms, has announced the abandonment of its resurrection plans in favor of a full liquidation strategy. This decision is aimed at fully refunding customers affected by the platform’s spectacular collapse. A resounding collapse FTX, once a giant in the cryptocurrency world, […]
RIP FTX: The Sad End of a Cryptocurrency Platform
In the list of crypto disasters, FTX is now at the center of legal attention. The US SEC is trying hard to implicate Binance in FTX’s troubles, but the necessary evidence is lacking. Meanwhile, the bankruptcy managers of Sam Bankman-Fried’s exchange are getting closer to concluding their efforts. They have said they are focusing on […]
Bitfinex Securities launches in El Salvador and plans expansion in the United States
Bitfinex Securities, the tokenized securities exchange platform, officially launches operations in El Salvador. This step forward comes just a few months after the company obtained its license as a digital asset service provider under the country’s digital asset issuance law in April 2023. This marks an important milestone in the field of regulated digital investments, […]
Coinbase recruits former UK Finance Minister George Osborne to face SEC
Crypto-currency exchange Coinbase Global Inc. has announced the appointment of former UK Chancellor of the Exchequer George Osborne as an advisor, as it faces increasing regulatory pressure in the US. Prominent politicians join Coinbase Coinbase recruits George Osborne, former UK Finance Minister, to address regulatory challenges in the US. He joins other notable political figures […]
China updates its AML regulations to encompass cryptocurrencies by 2025
In a strategic turning point, China announces a substantial revision of its anti-money laundering guidelines, explicitly including cryptocurrencies within its scope. Scheduled for 2025, the update marks the country’s first major initiative since 2007, underlining a growing recognition of the challenges and opportunities presented by digital assets. The contours of tighter regulation China’s revision of […]
Hong Kong and the Worldcoin investigation: between innovation and privacy
In an era where blockchain technology and cryptocurrencies are redefining the norms of finance and privacy. Hong Kong is positioning itself as an attentive regulator with its recent investigation into Worldcoin. This ambitious project, aimed at creating a universal digital identity via iris scanning, raises fundamental questions about the balance between innovation and personal data […]