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“This is not just about securities,” said the 58-year-old, who was head of the EU securities regulator before joining the Dutch bank. “Some crypto-related activity is already subject to anti-money laundering laws and regulations, but even there we see non-compliant behaviour.” Examples of companies circumventing illicit funds protections are easy for the Dutch to cite. In late April, the Dutch Central Bank fined Binance, the world's largest cryptocurrency exchange, €3 million for providing services to Dutch citizens without clearing the Dutch safeguards required for illicit funds protection, thereby gaining a competitive advantage over its competitors. Binance appealed the fine in…
Recalling the words of the first SEC leader nearly 90 years ago, SEC Chairman Gary Gensler said in his opening remarks that the core principles of investor protection apply to all corners of the securities market, including intermediaries in the securities and virtual currency markets. at the annual SEC Speaks event in Washington, D.C., on Sept. 8. Chairman Gensler said, “Joseph Kennedy, the first SEC Chairman, said, “An honest company need not fear the SEC,'' which reflects how Congress has shaped securities laws over the generations. He went on to explain how he had “refined and revised” it. “There is…
BlockFills, a crypto financial services and technology company, is collaborating with Isla Verde Capital to provide crypto miners with environmental credits to help offset their carbon emissions.Cryptocurrency miners, especially those on the Bitcoin network, have come under heavy criticism regarding their carbon footprint. The industry consumes as much energy as some small countries, but not all of it is renewable, which infuriates environmentalists and authorities alike.BlockFills will sell carbon emissions offsets, renewable energy credits (RECs) and other carbon accounting instruments to miners through a partnership with Isla Verde, which specializes in such services, according to a Tuesday press release. .…
Cryptocurrency: Bitcoin over altcoins getty First Satoshi created Bitcoin BTC. And he said, “Let's introduce blockchain,” and blockchain was born. A decade has been an era in technology, and a lot has changed in the world of cryptocurrencies since the birth of the Bitcoin network. From the Cambrian-like explosion of altcoins to smart contracts and decentralized finance, on-chain innovations are making Bitcoin look obsolete. Back to Bitcoin Ironically, during bull markets where Bitcoin prices reach record highs, it underperforms compared to other markets. If you had bought Bitcoin in 2017 or early 2020, you certainly would have made a profit…
Cryptocurrency: Bitcoin over altcoins getty First Satoshi created Bitcoin BTC . And he said, “Let's introduce blockchain,” and blockchain was born. A decade has been an era in technology, and a lot has changed in the world of cryptocurrencies since the birth of the Bitcoin network. From the Cambrian-like explosion of altcoins to smart contracts and decentralized finance, on-chain innovations are making Bitcoin look obsolete. Back to Bitcoin Ironically, during bull markets where Bitcoin prices reach record highs, it underperforms compared to other markets. If you had bought Bitcoin in 2017 or early 2020, you certainly would have made a…
DDespite the market turmoil in 2022, cryptocurrency adoption continues to grow, with regulators developing more comprehensive frameworks for this nascent asset class. Like other financial markets, cryptocurrencies are vulnerable to market manipulation and abuse by fraudulent actors, and strong This highlights the growing need for comprehensive monitoring programs. As crypto markets evolve, how are Asia's regulatory approaches evolving and what role does market oversight play in building resilience and trust in the crypto world? was the topic discussed in a recent webinar co-hosted by Regulation Asia and Nasdaq. Same challenge, different market Indeed, confidence in the cryptocurrency market from both…
In this issue Filecoin: DoubleCryptoPunks: Shiny thingsChina's digital drift: sunny climate From the editing desk Dear readers Digital asset investors weary of the crypto winter may be forgiven for the temptation to call it a reversal of fortunes as the value of cryptocurrencies rose earlier this week. Sadly, all the wishful thinking in the world doesn't move markets, no matter what people say about the irrationality of certain asset prices. But there is a sense that the end of the deep freeze may be in sight. As investors lick their wounds as the drama surrounding the recent bankruptcies of overleveraged…
Web 3 has brought with it many innovations and solutions to real-world problems, but its true potential will not be realized until new technologies are fully integrated into the web infrastructure.”We are now entering the third era of the internet, also referred to in tech terms as Web 3. This is primarily possible because of its decentralized nature, community-driven aspect, and because the data is owned by people rather than a few companies. It will be a combination of four technologies: IoT (internet of things), artificial intelligence/machine learning, data science and blockchain, and 5G communication capabilities,” said Dileep Sainberg, founder…
As the cryptocurrency market matures, there are more opportunities for investors and tech-savvy individuals to move their funds to new areas of interest. However, understanding exactly what you're getting into and how you can reduce your risk is a key component of any investment strategy. The cryptocurrency market is also full of terms and language such as “gas fees,” non-fungible tokens (NFTs), and “hoddles.” Navigating the world of cryptocurrencies safely, especially the murky waters of a plethora of new tokens and projects, is almost a full-time job. One area of focus is the technology royalty market. Royalties can be compared…
Unlock Editor's Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.FTX aims to shake up the sprawling U.S. derivatives market, marking the biggest intervention yet by a crypto group into the heart of traditional finance.The three-year-old exchange, founded by Sam Bankman Fried, offers customers Bitcoin futures, a contract that allows users to bet on the price of the world's most actively traded digital token. The company is seeking approval from the U.S. Commodity Futures Trading Commission to provide this service. If the group succeeds, it could change the way markets work for everyone from…