In a recent discussion, Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, shared his experiences and thoughts on the evolution of digital asset regulation. Collaborating with CryptoSlate Senior Analyst James Van Straten, Garcia shed light on the hurdles and achievements encountered while shaping regulatory frameworks for digital assets.
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Bybit, a popular cryptocurrency exchange, recently announced that it will be ending its operations in France due to regulatory issues. This decision has been linked to new regulatory developments from the French regulator, which may have resulted in licensing problems for the exchange. Bybit stated that it hopes to return to the French market once
Coinbase recently announced its second-quarter earnings, reporting total revenue of $1.449 billion. This figure exceeded market expectations, showcasing the company’s strong revenue growth. In comparison to the same period last year, Coinbase’s income more than doubled from $674.1 million to $1.449 billion. A particularly noteworthy highlight from Coinbase’s Q2 report was its net income of
The Bahamas Securities Commission recently made an announcement regarding the passage of new crypto legislation, known as the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024). This move comes nearly two years after the collapse of FTX, a major crypto exchange. The goal of DARE 2024 is to bring regulatory clarity to the digital
Coinbase, a prominent crypto company, faced a setback when the UK’s Financial Conduct Authority (FCA) imposed a hefty fine of £3.5 million for Anti-Money Laundering breaches. This fine was a result of CB Payments Limited (CBPL), a Coinbase Group subsidiary, repeatedly violating the FCA’s guidelines. Despite an initial fine of £5 million, CBPL managed to
The founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, recently spoke out about the challenges faced by the crypto industry under the current administration. They openly criticized the Biden-Harris Administration’s handling of the cryptocurrency sector, pointing out a series of regulatory issues that they believe are hindering innovation and growth in the industry.
In the wake of a significant exploit that resulted in the loss of nearly half of its assets, India-based centralized exchange WazirX is actively seeking partnerships to restore full operations. The exchange’s co-founder, Nischal Shetty, took to social media to share the news with users, stating that they are working on a solution to help
The crypto industry is currently on edge, anxiously awaiting the possibility of a second term for former President Donald Trump. Trump has made promises to end President Joe Biden’s perceived “crusade against crypto,” causing industry players to speculate on the potential outcomes of a Trump presidency. As polls show an increasing likelihood of Trump winning
Recently, crypto exchange OKX made the decision to select Malta as its Market in Crypto-Assets (MiCA) hub to cater to the 450 million residents of the European Union. By establishing itself in Malta, OKX aims to provide services that are fully compliant with local regulations, while also ensuring seamless deposit and withdrawal connectivity to local
Recently, crypto exchange OKX has made the decision to cease operations in Nigeria due to local regulations. Nigerian clients were informed through an email that they have until August 16 to close their positions on the platform. After this deadline, users will only be able to access withdrawal services and close existing positions. This announcement