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European authorities investigate social media platforms over misleading crypto ads

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Meta Platforms’ Instagram, Alphabet’s YouTube, TikTok, and Elon Musk’s Twitter may face regulatory action as the European consumer group BEUC has lodged a complaint with the European Commission, highlighting the alleged facilitation of misleading promotions related to crypto assets on these […]
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Authorities raid Upbit and Bithumb in connection with South Korean crypto scandal

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Prosecutors conducted a raid on two prominent South Korean cryptocurrency exchanges, Upbit and Bithumb, as part of an ongoing investigation into allegations surrounding independent lawmaker Kim Nam-kuk’s digital assets. The team of investigators from the Seoul Southern District Prosecutors Office seized […]
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Binance.US-Voyager acquisition moves on amid resolution with US authorities

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Voyager, the Unsecured Creditors Committee (UCC), and the US government have reached an agreement that will enable the much-anticipated Binance.US-Voyager acquisition. After several months of uncertainty, the victims of the once prominent but now-bankrupt Voyager Digital may soon be made whole, […]
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Asian authorities stepping up crypto regulatory efforts

Asian financial authorities have begun stepping up on regulatory efforts aimed at effectively overseeing the crypto industry in their respective jurisdictions. Notably, Hong Kong and Taiwan have championed these efforts, as they look to bring crypto under greater scrutiny. Hong Kong to regulate stablecoins, set up licensing regime Hong Kong is gearing up to establish […]
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Binance allegedly tried to evade US authorities, while offering Gensler advisory role

A recent report revealed that crypto exchange Binance allegedly maintained control over its American unit, which was said to operate independently from the international entity. Moreover, Binance reportedly courted Gary Gensler to be an adviser for the company long before Gensler became chairman of the US Securities and Exchange Commission (SEC).  A Wall Street Journal report […]
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French authorities seek to expedite the issuance of crypto licenses

The French financial markets authority, Autorité des marchés financiers (AMF), is the latest regulator in the nation to push for cryptocurrency operators to be regulated. The AMF, in particular, is advocating for mandatory and expedited licensing of cryptocurrency entities not registered to provide services in the country, according to the agency’s chair, Marie-Anne Barbat Layani. Layani’s call […]
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