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02 Mar 23

Binance seeks Singapore license for institutional crypto services

Binance is seeking a license to offer cryptocurrency services in Singapore once more, focusing on institutional clients rather than retail investors. According to reports, the world’s largest crypto exchange is planning for its custodial arm, Ceffu, to apply for a permit to provide custodial and other digital asset services to professional investors. The spinoff was […]

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14 Feb 23

Bitcoin-friendly DBS Bank to offer crypto services in Hong Kong

DBS Bank has revealed that it’s seeking regulatory approval from Hong Kong authorities to offer crypto services to its regional customers. Last year, the bank recorded a four-fold surge in demand for its bitcoin (BTC) trading service. In a bid to take advantage of Hong Kong’s newfound liberal stance towards blockchain-based digital assets, DBS Bank, […]

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13 Feb 23

Coinbase to defend against staking services ban in court

Brian Armstrong, the CEO of Coinbase, made a remark on Twitter where he declared that Coinbase’s staking services are not securities. Armstrong also added that the company would gladly defend this position in court if necessary after rumors of a staking ban made rounds. The US Securities Act and the Howey test, which the SEC […]

Australia cracks down on crypto scams, boosts regulatory team

23 Jan 23

Aussie minister welcomes treating crypto assets as financial services

Australia’s Financial Services Minister Stephen Jones says it’s okay for the government to regulate certain crypto assets as financial products to protect consumers from FTX-type collapses in the future. No need for separate crypto regulation The Australian government gets set to conduct a token mapping exercise later this year, to enable it to formulate a […]

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20 Dec 22

Incoming House Financial Services Committee chair reintroduces crypto bill

North Carolina’s Representative Patrick McHenry, an incoming chair of the House Financial Services Committee, has reintroduced a crypto bill. The reinstatement of the Financial Services Innovation Act McHenry, who had pushed the Financial Services Innovation Act in 2016 and 2019, announced on Dec. 19 that the act will be reintroduced. The legislation aims to modernize […]

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