Hong Kong targets noncompliant crypto exchanges in licensing push

August 22, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Hong Kong’s SFC finds deficiencies in some “deemed-to-be-licensed” crypto exchanges, risking their licensing status amid tightened regulations.

On Feb. 14, United States banking behemoth JPMorgan Chase announced its own cryptocurrency. Significantly, it is the first time a major U.S. bank has tapped into digital assets for direct use in business operations.It is fair to say that move comes unexpectedly for JPMorgan Chase, whose CEO, Jamie Dimon, is famous within the crypto community…

DCG-backed Korean exchange faces closure if it can’t find banking partner

South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down. 394 Total views 1 Total shares South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for…

Nillion network raises $25M for decentralized privacy solutions

Since its graduation from an accelerator in January 2023, privacy solution Nillion has raised a total of $50 million.

Report: Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users

Denmark-based cryptocurrency users have begun receiving letters from the Danish tax agency, Skattestyrelsen (Skat), requesting that traders provide a full background of all their cryptocurrency transactions, sources informed Cointelegraph on Dec. 10.In its letters, Skat specifically asked crypto users to provide information about profits and losses for fiscal years 2016 to 2018, according to FIFO…

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Portfolio management provider GoodCrypto joins Cointelegraph Accelerator

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Everledger’s Leanne Kemp on How to Enable Marketplaces With Fair Pricing

This interview has been edited and condensed. Leanne Kemp is the founder of blockchain platform Everledger, which tracks high-class assets like diamonds in order to reduce fraud and promote more viable marketplaces. Cointelegraph spoke to Kemp about how the service’s role as a global digital registry can help ensure ethical trade across a variety of…

Overheated DOGE: 5 times crypto traders were warned before their assets tanked

Everybody loves a crypto bull market, but every green wave inevitably gives way to periods of sideways or downward movement.Skilled traders know that these phases of the market cycle can be rife with profit opportunities, too. Anticipating not only a digital asset’s upward price movements, but downturns and corrections can be useful when deciding on…

Fintech Arm of Chinese Insurance Giant Shoots for $500M IPO in US

OneConnect, the financial technology subsidiary of Chinese insurance giant Ping An, has updated its filing for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC).According to an F-1 filing dated Dec. 2, the firm is looking to sell $500 million worth of shares in its IPO. The recent filing states:“We…

DCG reaches ‘agreement in principle’ with Genesis creditors, debtors

The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. 519 Total views 9 Total shares Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, has reached an agreement in principle with creditors of its crypto lending subsidiary, Genesis.According to a…

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