In less than a decade, cryptocurrency trading has emerged as one of the most captivating and widely discussed investment activities, holding a fascination akin to El Dorado’s trove of gold artifacts. However, trading cryptocurrencies turned out to be a non-trivial task even for professional traders. Over the past half-decade, cryptocurrency exchanges have diligently worked to […]
Tag: STO
U.S. House Financial Services Committee Unveils Draft Stablecoin Legislation: Key Insights
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The US House Financial Services Committee has released a draft of a new crypto regulation focused on stablecoins. The 73-page draft bill would require stablecoin providers to fully back their digital assets with reserve assets on […]
South Korea’s Evolving Regulatory Landscape for Cryptocurrencies: What to Expect
South Korea’s cryptocurrency industry is bracing for an impending shakeup as policymakers set their sights on regulation. The government’s primary objective is to safeguard investors by stamping out any fraudulent activities that may be lurking within the industry’s dark corners. While the specifics of these regulations remain unclear, one thing is certain: change is coming. […]
HK Banks Ready to Serve Web3 Customers amid Crypto Hub Push
With the deadline for changes to cryptocurrency regulations in Hong Kong (HK) rapidly approaching, an increasing number of companies and digital asset exchanges are seeking local licenses and setting up branches in the special administrative district. Meanwhile, banks operating in the area, including China-owned Bank of Communications, are vying for potential customers. Hong Kong Banks […]
UK Unveils Two-Year Open Banking Development Plan to Boost Fintech Apps
The Joint Regulatory Oversight Committee (JROC), which is co-led by the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), has released its proposed guidelines for the upcoming stage of open banking in the United Kingdom. Currently, the open banking services and products have reached more than 7 million consumers in the UK. The […]
Spotex Onboards Former Coinbase Executive as APAC Sales Head
Spotex LLC, a forex ECN and technology provider, announced the appointment of Ivan Wong as the Managing Director for APAC Head of Sales and Distribution. He will be based in Singapore and will report directly to Spotex’s CEO, John Miesner. Spotex Hires Ivan Wong “APAC continues to be a key region in both Foreign Exchange […]
Hester Peirce Says SEC Might Kill US Innovation With Exchange Act Changes
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Several hours after the Securities and Exchange Commission announced it is reopening the comment period for the proposed amendments to the exchange act on Friday, April 14th, Commissioner Hester Peirce published her retort. In […]
MetaMask Users Who Sought Technical Support Get Their Information Compromised
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Friday, April 14th, ConsenSys published a Q&A detailing a “data security incident” that endangered the personal information of MetaMask users that opened technical support tickets. The vulnerability was active between August 2021, and […]
UK Regulator Flags Down Saxo 24 FX, One Zero Trade
The United Kingdom’s financial markets regulator has issued a warning against two forex/CFDs platforms, Saxo 24 FX and One Zero Trade. The watchdog said both platforms are targeting UK investors without being authorized to operate in the country. FCA Flags Two Illegal Trading Platforms The Financial Conduct Authority (FCA) sounded the warning on Friday in […]
SEC Reopens Comment Period on Rule Changes Targeting DeFi the Second Time
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Friday, April 14th, the Securities and Exchange Commission reopened the comment period for its proposed amendments to the Exchange Act. The changes would place much of DeFi under the definition of an exchange […]
