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“# OKEx Korea crypto exchange to shut down as new reporting laws take effect ” The South Korean branch of global cryptocurrency exchange OKEx is shutting down operations next month, OKEx Korea officially announced Tuesday. Users will have to withdraw their Korean won and crypto holdings by April 7. After that date, the exchange “will…
“# Bitcoin searches in Turkey spike 566% after Turkish lira drops 14% ” Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor. According to data from Google Trends, the number of searches for…
“# Nigeria’s central bank not discouraging people from trading crypto, says governor ” Godwin Emefiele, governor of Nigeria’s central bank which previously banned banks from servicing crypto exchanges, has reportedly clarified the bank’s position on the use of cryptocurrencies in the country. According to local news outlet TodayNG, Central Bank of Nigeria, or CBN, deputy…
“# UK advertising watchdog cuts ‘irresponsible and misleading’ Bitcoin ad ” The United Kingdom Advertising Standards Authority has upheld a complaint lodged against cryptocurrency exchange Coinfloor for its publication of a Bitcoin (BTC) advert in the regional press. The advert, published in the Northamptonshire Telegraph on Dec. 3, 2020, was deemed to have targeted retirees,…
“# EU securities regulator warns about risks of ‘non-regulated’ cryptos ” The European Securities and Markets Authority, the European Union’s independent financial authority, has warned about the high risk of cryptocurrency investment. In its latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA analyzed the impact of COVID-19 on financial markets, highlighting the increased…
“# Swiss regulators reject Bitcoin Suisse’s banking license application ” Switzerland’s Financial Market Supervisory Authority — the country’s principal financial regulator — has denied Bitcoin Suisse’s application for a banking license. According to an official announcement on March 17, Bitcoin Suisse’s current application is ineligible for approval on the grounds that “various elements that are…
“# Proposed FinCEN rule is a ‘grave threat to personal privacy,’ says Coin Center ” After the U.S. Treasury Department extended the comment period for anyone to express their thoughts on a proposed crypto rule, non-profit crypto policy advocate group Coin Center has made another — and possibly final — argument to regulators. Coin Center…
“# India to have a ‘window’ for Bitcoin, says minister amid crypto ban FUD ” The Minister of Finance of India, Nirmala Sitharaman, has given a ray of hope for the Indian cryptocurrency community, as more fear, uncertainty and doubt circulate regarding a supposedly impending ban on digital assets. In a March 13 interview with…
“# South African crypto firms warn opaque regulations are harming the industry ” South African crypto firms are threatening to move abroad if local lawmakers are unable to provide regulatory clarity to its domestic digital asset industry. Speaking to Bloomberg, Sean Sanders, the CEO of local crypto investment platform Revix — who plan to relocate…
“# Deutsche Borse’s platform Xetra to list its first Ether ETPs ” Deutsche Borse’s electronic trading platform, Xetra, is preparing to launch its first Ether (ETH)-based exchange-traded products, or ETPs. According to data from Xetra, the platform is set to debut trading of two Ether ETPs — ETC Group’s Ether exchange-traded commodity, or ETC, product…