companies

Damex.io a digital asset trading company

24 Mar 23

One of 14 companies with a DLT license in Gibraltar to launch IEO

This week in crypto, Silicon Valley Bank’s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection, with Signature bank following in its footsteps. Despite these foreboding events, bitcoin (BTC) has rallied to its highest price since June 2022. Meanwhile, the digital asset service Damex announced the launch of its IEO. Maximize […]

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23 Mar 23

SEC sues Tron founder Justin Sun, his three companies, celebrities for securities violations

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Justin Sun, accusing him of selling unregistered securities offerings, manipulative trading, and illegal promotion of crypto assets, involving the enlistment of celebrities to boost public interest in TRX and BTT tokens. A legal document filed on March 22 in the Southern District of […]

17 Feb 23

US crypto crackdown pushes companies overseas

Cryptocurrency companies could look towards overseas financial hubs as the U.S. crypto crackdown intensifies. Soon, the country may no longer be an industry leader. More attractive offers beyond the US Countries like Dubai, Europe, Hong Kong, and Singapore are becoming more attractive for crypto companies. These companies are escaping the strict regulatory efforts in the […]

07 Feb 23

Dubai creates regulatory requirements for crypto companies

The Virtual Assets Regulatory Authority (VARA) in Dubai is set to roll out new rules of engagement that will serve as an operational guide for crypto firms domiciled in Dubai. The apex regulatory body’s published rule book encapsulates detailed requirements and operational guides for cyber security operations, while the other addresses activities like exchange services, […]

18 Jan 23

French crypto companies to be licensed by 2024

Legislators at France’s National Assembly are planning to force crypto firms to apply for licenses starting Jan. 1, 2024. According to Daniel Labaronne, one of the caucus members responsible for the new legislation, the local Finance committee gives new entrants one more year to get the necessary registration and authorization. The latest attempt by the […]