“Although we maintain that the SEC’s request for emergency relief was entirely unwarranted, we are pleased that the disagreement over this request was resolved on mutually acceptable terms,” the spokesperson said via email.
The agency’s aggressive policing has sparked a wave of criticism from digital assets firms and advocates on Capitol Hill for what they describe as regulatory overreach.
“The fact that BlackRock, a well-respected and established asset management company, has filed for a Bitcoin ETF could be seen as a positive development in the quest for regulatory approval,” said Joshua Chu, group chief risk officer at blockchain technology group XBE, Coinllectibles and Marvion.
The investigation is about “the unauthorised practice of the profession of virtual assets service provider” and “aggravated money-laundering,” the prosecutor’s office said in a statement.
The UK-based lenders, and the Bank of China were questioned by the Hong Kong Monetary Authority last month on why crypto exchanges were not being accepted as clients, the report added.
Fortune, citing a person at Binance familiar with the situation, reported that the executives quit over Zhao’s response to the Justice Departure probe.
Reuters could not independently confirm this.
It is the latest in a string of setbacks for Binance including the June 5 decision by the U.S.
Securities and Exchange Commission (SEC) to charge the company with evading securities laws. Binance disputes the SEC charges.
France is also probing Binance, which has decided to quit the Dutch market because it was unable to meet registration requirements to operate as a virtual asset service provider.
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ASIC’s investigation, first confirmed in February, concerns the misclassification of retail investors as wholesale.
The former are entitled to a higher level of regulatory protection.
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Chris Dixon, founder and managing director of the firm’s a16z crypto fund, which is setting up the office, said it has ‘become clear that the Government sees the promise of web3′ – a transformation of the nature of the internet, based on blockchain.
Crude oil remained on the back foot after a report that the United States and Iran were close to a nuclear deal, although denials from both parties kept it off the previous session’s lows.
PARIS, June 22 (Reuters) – CACEIS, 币安买帀 the asset servicing business owned by Credit Agricole and Santander , has registered with France’s markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies.
The failed crypto company has been holding talks with investors about backing a potential restart of the FTX.com exchange through structures such as a joint venture, the report added, citing people familiar with the discussions.
Hillmann, who joined Binance in 2021 as its top communications executive, became its chief strategy officer in October last year.
After Zhao, he was Binance’s most outspoken advocates on social media.
The SEC began targeting initial coin sales as unregistered securities offerings, but has increasingly focused on crypto firms acting as unregistered exchanges and broker-dealers.
June 11 (Reuters) – U.S.
venture capital firm Andreessen Horowitz, a major cryptocurrency investor, said on Sunday it will set up its first international office in London, at a time when U.S. regulators have increased scrutiny of the cryptocurrency sector.
Bitcoin had struggled to gain traction after a series of crypto company meltdowns, including the sudden collapse of exchange FTX late last year, which authorities say was running a multi-billion dollar fraud.