Regulation
Paxful shuts Bitcoin exchange due to regulatory challenges, staff departures
Paxful Bitcoin exchange announced the indefinite suspension of the marketplace on Tuesday, citing regulatory challenges and staff departures.
Forkast.News
Lens
Cryptocurrency Exchanges
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Regulation
S.Korea to expand probe on token listing bribes if it sees ‘more evidence’
Taking bribes in exchange for listing cryptocurrencies has been common practice among South Korean exchanges, one expert told Forkast.
Danny Park
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Regulation
Crypto exchange Fasset hopes to win Indonesia license next month
Dubai-based Fasset says Indonesia digital asset adoption is still in early stages, but the country’s young population is taking to crypto faster, encouraging exchanges to move in despite infrastructure constraints.
Pradipta Mukherjee
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Regulation
OKX cryptocurrency exchange to apply for virtual asset license in Hong Kong
Seychelles-based cryptocurrency exchange OKX said it will apply for virtual asset licenses to operate digital asset services in Hong Kong.
Timmy Shen
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Bitcoin News
Bitcoin, Ether extend declines amid U.S. lawsuit against Binance; Asian equities mixed
Bitcoin and Ether continued to fall in Tuesday afternoon trade in Asia, along with most other top 10 cryptocurrencies by market capitalization, after regulators in the U.S. pulled up Binance, the world’s biggest crypto exchange, for allegedly violating trading mandates.
Pradipta Mukherjee
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Regulation
Zipmex buyer misses payment, could risk US$100 million buyout: Bloomberg
Zipmex cryptocurrency exchange’s US$100 million venture capital buyout may be in danger, after buyer V Ventures missed the US$1.25 million payment due on March 23
Zoltan Vardai
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Regulation
Hong Kong may face backlog in virtual asset license applications as demand grows, former SFC regulator says
Angelina Kwan, who helped shape early Hong Kong automated trading services and internet trading regulation, told Forkast the upcoming virtual asset licensing regime is almost identical to that for traditional financial institutions.
Timmy Shen
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Altcoins
Bitget invests US$30 mln in BitKeep wallet, becomes controlling shareholder
Seychelles-based cryptocurrency exchange Bitget said it has invested US$30 million in decentralized multi-chain wallet BitKeep to become its controlling shareholder.
Pradipta Mukherjee
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Regulation
Singapore to publish crypto, stablecoin consultation feedback by mid-2023
The Monetary Authority of Singapore (MAS) aims to publish cryptocurrency and stablecoin consultations feedback by the middle of this year, it said Monday.
Pradipta Mukherjee
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Regulation
Singapore-based Crypto.com gets preparatory license to expand services in Dubai
Singapore-based cryptocurrency exchange Crypto.com will soon be able to extend its services in Dubai, after it received a Minimal Viable Product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA).
Pradipta Mukherjee
