Hong Kong’s securities regulator said its crypto licensing regime will include measures to protect retail investors as it brings in tougher rules for digital asset companies from June 1.
The SFC’s guidelines prohibit crypto “gifts” designed to incentivize retail investments, which likely includes airdrops, and says stablecoins should not be admitted for retail trading until they are regulated.
Hong Kong’s Securities Futures Commission (SFC) will release guidelines on the licensing regime for cryptocurrency exchanges by next month.
Hong Kong’s Securities and Futures Commission calls for public feedback on the proposed licensing regime for cryptocurrency exchanges.
Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to protect Americans from double dealing on digital mortgage comparison-shopping platforms. Companies operating these digital platforms appear to shoppers as if they provide objective lender comparisons, but may illegally refer people to only those lenders paying referral fees.
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Crypto.com has become the latest cryptocurrency exchange to release its Proof of Reserves data from auditing firm Mazars Group.
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The crisis of confidence affecting crypto lenders is now spreading to major exchanges.
The Securities and Exchange Commission (SEC) of the United States has published recommendations for cryptocurrency trading platforms. According to the guideline, platforms were advised to record digital assets held for users on their balance sheets at fair value. According to John Deaton, an attorney representing XRP investors in the Ripple vs. SEC dispute, the SEC […]