Major crypto exchanges eye Asian market amid growing regulatory clarity
Crypto adoption is expanding apace across Asia, with major global exchanges inking partnerships and making acquisitions on the continent. Major crypto exchanges originating from Asia as well as from the West have shown an increasing interest in the Asia-Pacific region. Coinbase launched in Japan last year, joining the selected group of exchanges to offer crypto trading services to native customers. Binance, the world’s leading crypto exchange by trading volume, has forged a series of new partnerships in Singapore, Indonesia and Thailand.The growing interest in global crypto exchanges in....
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Painstaking research from notably relevant websites have over time ranked Binance & other major Asian exchanges like Kucoin, Bybit & FTX as the major exchanges of the world with huge trade volumes & endearing value propositions. Despite the ongoing clampdown on crypto hotspots within the Asian continent, the surge in trading volumes of these exchanges […]
A recent report by the International Consortium of Investigative Journalists (ICIJ), titled “The Coin Laundry,” has unveiled evidence of criminal activities conducted through major cryptocurrency exchanges, aimed at evading global regulatory scrutiny. The investigation alleges that money launderers, linked to drug trafficking, Southeast Asian scam centers, and North Korean hackers, have been leveraging major exchanges […]
The Digital Trading Clarity Act of 2022 aims to provide regulatory clarity around classifying digital assets and related liabilities under existing securities laws. United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from “certain” Securities and Exchange Commission (SEC) enforcement actions.The Digital Trading Clarity Act of 2022, introduced by Sen. Hagerty, aims to provide regulatory clarity around two primary concerns plaguing crypto exchange establishments — (i) the classification of....
Taiwan’s financial regulator, the Financial Supervisory Commission (FSC), has released a set of guiding principles explicitly designed for crypto-related firms and businesses. Thanks to this significant development, the East Asian country seems closer to attaining regulatory clarity in its cryptocurrency industry. Taiwan Restricts Offshore Virtual Asset Platforms In New Guidelines In a press release published […]
Blockchain.com becomes the second crypto exchange in two days to receive preliminary approval to provide crypto services within the growing crypto hub. Crypto exchange Blockchain.com has become the latest crypto company to secure preliminary approval from Singapore’s central bank to provide Digital Payment Token services in the city-state.Blockchain.com’s regulatory approval follows hot on the heels of Coinbase, which revealed it had received the same “in-principle” approval from the Monetary Authority of Singapore (MAS) on Oct. 11.If officially approved, Blockchain.com would join the....