The industry has since been reeling amid the scrutiny of global regulators, while FTX founder Bankman-Fried faces a criminal lawsuit by the U.S.
government for alleged fraud. (Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)
securities regulator stepped up its crackdown on the crypto sector. June 9 (Reuters) - The U.S.
affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S.
Binance has come under pressure from regulators around the world.
The U.S. Securities and Exchange Commission this month sued Binance and its CEO Changpeng Zhao over what the regulator called a "web of deception" to evade U.S. Binance denies the charges.
June 28 (Reuters) - Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray.
On Thursday, Gensler hit back at the notion the rules are unclear, noting the agency has established its position with more than 100 crypto enforcement actions in addition to other guidance.
"I do recognize - and, again, think it´s appropriate - that it takes work" to fall into compliance, he added.
The SEC sued Binance and Zhao earlier this month alleging that the company artificially inflated its trading volumes, diverted customer funds, and misled investors about its market surveillance controls.
Binance disputes the SEC charges.
(Reporting by Manya Saini and Niket Nishant in Bengaluru; Ankur Banerjee and Rae Wee in Singapore; Editing by Devika Syamnath and Pooja Desai)
Plans for BlackRock's ETF were reported by CoinDesk earlier in the day.
BlackRock, the world's biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny.
The mini-rush of pitches to the U.S.
watchdog comes days after the SEC sued major crypto exchanges Coinbase and 币安期货交易方法 Binance for allegedly breaking securities laws, casting a chill over the cryptocurrency marke
/>Binance confirmed the news and said it would change the banking provider for euro deposits and withdrawals through the Single Euro Payments Area (SEPA), but did not reveal any details about the new partne
/>June 29 (Reuters) - Paysafe Payment Solutions, Binance's European banking partner, said on Thursday it will cease offering its embedded wallet solution to the U.
/>cryptocurrency exchange across the European Economic Area (EEA) from Sep
/>LAGOS, June 10 (Reuters) - Nigeria's markets regulator has ordered the world's largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illega
/>these prohibitions are essential to protecting investor assets," Gurbir Grewal, director of the SEC's enforcement division, said in the statement. "Given that Changpeng Zhao and Binance have control of the platforms' customers' assets and have been able to commingle customer assets or divert customer assets as they please .
/>on alleged violations of securities law
/>Earlier this month, the U.S. Securities and Exchange Commission (SEC) sued major crypto exchanges including Coinbase and Binanc
/>Last week, Binance was sued by the U.
/>Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent U.
/>Tether is the largest stablecoin that aims to maintain a 1:1 peg with the U.
/>dollar. Tron is the ninth largest cryptocurrency with a $6.3 billion market value, while ether is the largest after bitcoin, with its $210 billion market capitalizatio
/>In a separate 177-page filing denying the SEC's substantive claims, Coinbase said it "welcomes regulation," but that the regulator was arbitrarily and without Congress' permission trying to fill the "regulatory gap" over crypto asset
/>The Cyprus registration allowed Binance to offer spot trading, custody and other services in compliance with Cyprus's anti-money laundering and counter-terrorist financing rules, the exchange has previously said on its websit
/>"Investors in this asset class have learned their lessons the hard way and now are being much much more picky about who to deal with," said Samed Bouaynaya, a digital asset portfolio manager at London-based hedge fund Altana Wealth.
government for alleged fraud. (Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)
securities regulator stepped up its crackdown on the crypto sector. June 9 (Reuters) - The U.S.
affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S.
Binance has come under pressure from regulators around the world.
The U.S. Securities and Exchange Commission this month sued Binance and its CEO Changpeng Zhao over what the regulator called a "web of deception" to evade U.S. Binance denies the charges.
June 28 (Reuters) - Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray.
On Thursday, Gensler hit back at the notion the rules are unclear, noting the agency has established its position with more than 100 crypto enforcement actions in addition to other guidance.
"I do recognize - and, again, think it´s appropriate - that it takes work" to fall into compliance, he added.
The SEC sued Binance and Zhao earlier this month alleging that the company artificially inflated its trading volumes, diverted customer funds, and misled investors about its market surveillance controls.
Binance disputes the SEC charges.
(Reporting by Manya Saini and Niket Nishant in Bengaluru; Ankur Banerjee and Rae Wee in Singapore; Editing by Devika Syamnath and Pooja Desai)
Plans for BlackRock's ETF were reported by CoinDesk earlier in the day.
BlackRock, the world's biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny.
The mini-rush of pitches to the U.S.
watchdog comes days after the SEC sued major crypto exchanges Coinbase and 币安期货交易方法 Binance for allegedly breaking securities laws, casting a chill over the cryptocurrency marke
/>Binance confirmed the news and said it would change the banking provider for euro deposits and withdrawals through the Single Euro Payments Area (SEPA), but did not reveal any details about the new partne
/>June 29 (Reuters) - Paysafe Payment Solutions, Binance's European banking partner, said on Thursday it will cease offering its embedded wallet solution to the U.
/>cryptocurrency exchange across the European Economic Area (EEA) from Sep
/>LAGOS, June 10 (Reuters) - Nigeria's markets regulator has ordered the world's largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illega
/>these prohibitions are essential to protecting investor assets," Gurbir Grewal, director of the SEC's enforcement division, said in the statement. "Given that Changpeng Zhao and Binance have control of the platforms' customers' assets and have been able to commingle customer assets or divert customer assets as they please .
/>on alleged violations of securities law
/>Earlier this month, the U.S. Securities and Exchange Commission (SEC) sued major crypto exchanges including Coinbase and Binanc
/>Last week, Binance was sued by the U.
/>Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent U.
/>Tether is the largest stablecoin that aims to maintain a 1:1 peg with the U.
/>dollar. Tron is the ninth largest cryptocurrency with a $6.3 billion market value, while ether is the largest after bitcoin, with its $210 billion market capitalizatio
/>In a separate 177-page filing denying the SEC's substantive claims, Coinbase said it "welcomes regulation," but that the regulator was arbitrarily and without Congress' permission trying to fill the "regulatory gap" over crypto asset
/>The Cyprus registration allowed Binance to offer spot trading, custody and other services in compliance with Cyprus's anti-money laundering and counter-terrorist financing rules, the exchange has previously said on its websit
/>"Investors in this asset class have learned their lessons the hard way and now are being much much more picky about who to deal with," said Samed Bouaynaya, a digital asset portfolio manager at London-based hedge fund Altana Wealth.