Crypto Exchange HKVAEX Drops License Application in Hong Kong
HKVAEX, a crypto exchange based in Hong Kong and allegedly connected to Binance, has withdrawn its application for a license from the Securities and Futures Commission (SFC) on March 28.
HKVAEX, a crypto exchange based in Hong Kong and allegedly connected to Binance, has withdrawn its application for a license from the Securities and Futures Commission (SFC) on March 28.
The DOJ has charged KuCoin and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws.
Only five of the first nine days of March have seen trading volume on Coinbase International fall below $1 billion.
Coinbase’s chief legal officer, Paul Grewal, argued that the SEC has no justifiable reason to reject applications for ETH-ETFs.
OKX has informed its Indian clients that they must close all of their positions and withdraw all funds by the end of April.
The total value of assets held by clients on Binance has surpassed $100 billion.
Despite facing actions from the US Department of Justice, Binance remains resilient with over $100 billion in assets under custody as of March 18.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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