The Canadian tax authority, the CRA (Canada Revenue Agency) recently filed a court document with the Ontario Superior Court of Justice. The document details a demand that one local crypto exchange surrenders its user information. The number of affected users is roughly 115,000 customers, and the exchange in…
The United States Senate voted in favor of an unprecedented £1.69 trillion rescue package on Wednesday. The aid is expected to offer support to the massively hit industries amidst the Coronavirus pandemic and help families and unemployed workers to thrive through the challenging times. As per the bill, the U.S…
The White House is getting closer to finalizing its stimulus package to support economic growth amidst the Coronavirus pandemic. The optimism of an imminent U.S aid package sent London shares up on Wednesday. The benchmark FTSE 100 index closed 4.5% up on Wednesday following Tuesday’s remarkable gain that was…
Former governor of the Bank of England (BoE), Mervyn King, said on Monday that the UK’s economy is currently facing a much more serious challenge amidst the Coronavirus pandemic than the market crash of 2008. A leading global investment banking firm, Goldman Sachs, predicted a 1% decline in the…
Wall Street contracted again on early Thursday morning with the major U.S stock indices losing traction as Coronavirus continues to wreak havoc on the global economy. Dow Jones Industrial Average futures were seen 352 points down on Thursday morning and hinted that the index is likely to open…
The U.S Federal Reserve took the drastic step of cutting rates for the second time in March in an emergency meeting on Sunday to 0.25% in an attempt to tackle the economic impact of Coronavirus. As the strategy failed to calm the financial markets, UK’s benchmark FTSE 100…
The White House announced a dramatic measure to contain the spread of Coronavirus in the United States putting a travel restriction on Europe. From Friday, the U.S will be canceling all flights from Europe that further threatens significant disruptions to the global business and economy at large. The benchmark…
Hacking attacks against crypto exchanges have become fairly common, and not a lot of people are surprised when they hear about them at this point. With that said, attacks on major exchanges are still very important events, and the two exchanges attacked in the last 24 hours are both…
The entire crypto community around the world is holding breath as it waits for Bitcoin to make a move. For now, the largest cryptocurrency is successfully holding on to gains. However, many expect a large correction to arrive in the near future.As for the long-term outlook, it still looks…
Tax authorities in Brazil recently received support to regulate the digital currency market after multiple reports of fraud emerged last year. Fraud allegations were reportedly tied to multiple platforms, including Zero10, Atlas Quantum, and Trader Group. Now, in February 2020, the results of such fraudulent actions caused a major crackdown.At…
Despite the recent cryptocurrency-related hearings, the situation regarding the future of digital currencies within the country of India remains uncertain. Even so, the global crypto exchange, OKEx, recently decided to make a move that will allow it to gain a foothold in the country.Yesterday, February 14th, OKEx announced…
As crypto adoption continues to spread, and people from all nations across the world are using digital currencies, a lot of countries have moved to create tax rules even before drawing regulatory frameworks for the new asset class. Brazil is one such country, and its tax regulations were already…
FCoin, a Singapore-based cryptocurrency exchange, recently had an incident that the crypto community managed to notice, although nobody knew what it was about. At first, many believed that the exchange was hacked, which was not surprising, considering how many others have fallen to hackers in recent years. However, over…
Derivatives exchange FTX, and its CEO, Sam Bankman-Fried, have made quite a few headlines in the past few months, especially when Binance announced an investment into the platform. Now, the derivatives exchange’s CEO once again attracted attention by explaining the difference between US and Asian derivatives exchanges.In the recent…
Until now it was difficult to quantify what financial impact high-frequency traders impose on regular investors. On Monday, a study by the United Kingdom’s financial regulatory body, the Financial Conduct Authority, found regular investors worldwide lost $5 billion at the expense of traders with sophisticated trading technologies and algorithms.How…
According to new guidance published by the Canadian Securities Administrators (CSA), any digital exchange serving Canadians will have to abide by the country’s securities laws. This includes onshore and offshore exchanges alike.While at first, it may seem that this would only include businesses offering assets that Canadian regulator considers securities,…
After praising blockchain technology for weeks, China suddenly reminded the world that it still does not have such a high opinion of cryptocurrencies. In fact, just as the country’s investors started thinking that crypto trading might be back, China started another crypto crackdown.Now, the crackdown started claiming some…
London Stock Exchange Group’s (LON:LSE) share price has surged this Wednesday as Hong Kong Stock Exchange shocked the market with a tie-up proposal. The proposed cash-and-share deal values the FTSE 100 group at about £30 billion. As of 10:38 BST, LSE’s share price had gained 6.45 percent to…
In a report published on the New York Attorney General’s website, Barbara D. Underwood, the New York Attorney General, attacked cryptocurrency exchanges reckoning that they do not have any workable procedures that ensure integrity, fairness, and security.Unlawfully acting exchanges?Based on the results of her report, Underwood accused three specific exchanges of possibly…
The Financial Services Agency (FSA), Japan’s premier financial regulator, is on a mission to tighten the registration screening process for cryptocurrency exchanges.The Japanese government is no doubt a pioneer in the cryptocurrency space. Its constant efforts to introduce bitcoin and other cryptocurrencies in general to the masses are exemplary, but it…
Chinese regulators are now cracking the whip on foreign cryptocurrency exchanges and have moved in to block over 100 platforms from offering its trading services in the country.China has been on a constant uphill struggle to dissuade its citizens from participating in cryptocurrency trade, albeit with little success. However, its regulators are now taking…
Japan’s financial watchdog, the Financial Services Agency (FSA), has published the results of its on-site inspections of cryptocurrency exchange operators, CoinTelegraph Japan reported on August 10.
Today, Singapore’s central bank announced that it has issued 9 cryptocurrency exchanges with warnings over securities compliance issues. The main issue is ICO tokens being listed and traded as cryptocurrencies when in fact they are securities. An ICO was also ordered to halt its token sale.
