# SEC reportedly investigates decentralized exchange Uniswap

# SEC reportedly investigates decentralized exchange Uniswap

“# SEC reportedly investigates decentralized exchange Uniswap ” The United States Securities and Exchange Commission (SEC) is reportedly investigating the startup behind the world’s largest decentralized cryptocurrency exchange, Uniswap. The U.S. securities regulator has initiated a probe into Uniswap’s main developer, Uniswap Labs, the Wall Street Journal reported Sept. 3. The report says that enforcement…

Read More
# South Africa’s financial regulator issues warning against Binance

# South Africa’s financial regulator issues warning against Binance

“# South Africa’s financial regulator issues warning against Binance ” South Africa’s Financial Sector Conduct Authority (FSCA) has warned the country’s public against dealing with crypto exchange platform Binance. In a statement issued on Friday, the FSCA stated that Binance Group, an “international company” domiciled in Seychelles, was not authorized to render financial services in…

Read More
# Nigeria’s securities regulator establishes fintech unit to study crypto

# Nigeria’s securities regulator establishes fintech unit to study crypto

“# Nigeria’s securities regulator establishes fintech unit to study crypto ” In 2021, financial institutions operating in Nigeria have been the lever of a government crackdown on cryptocurrencies, beginning with February’s notorious central bank ban on lenders providing services to crypto exchanges in the country. With much of the Nigerian crypto market of necessity peer-to-peer,…

Read More
# Bithumb crypto exchange reportedly bans foreigners without mobile KYC

# Bithumb crypto exchange reportedly bans foreigners without mobile KYC

“# Bithumb crypto exchange reportedly bans foreigners without mobile KYC ” South Korean crypto exchange Bithumb has reportedly announced a ban on foreigners who have not completed phone-based Know Your Customer (KYC) verification. According to local coverage by Pulse, non-Koreans using the Bithumb crypto exchange will be subject to mandatory mobile verification. While the rule…

Read More
# Stablecoins are assets — not currencies, says ECB president

# Stablecoins are assets — not currencies, says ECB president

“# Stablecoins are assets — not currencies, says ECB president ” Christine Lagarde, president of the European Central Bank, said all cryptocurrencies, in which she included stablecoins and speculative assets, “are not currencies at all.” In a Sept. 1 interview with World Economic Forum founder and executive chair Klaus Schwab, Lagarde said cryptocurrencies “present themselves…

Read More