Category Archives: Exchange

Indian Supreme Court Denies Interim Injunction Against Reserve Bank Of India Restrictions

The Supreme Court of India declined to grant an interim injunction against the Reserve Bank of India (RBI) circular banning banking services for companies dealing in cryptocurrency, according to a Twitter post by Crypto Kanoon May 11. Crypto Kanoon is a team of Indian lawyers engaged in crypto regulatory analysis and legal awareness. Continue reading Indian Supreme Court Denies Interim Injunction Against Reserve Bank Of India Restrictions

Japan’s BitFlyer Raids Banking Talent in Bid For Global Crypto Exchange

Yuzo Kano, chief executive of major Japanese exchange bitFlyer is trying to build a global cryptocurrency powerhouse, one former financier at a time. The Goldman Sachs Group alumnus who made bitFlyer Japan’s largest bitcoin exchange has doubled his staff in the past six months in a bid for global expansion. His team, which is expected to reach 300 this year, includes a fixed income chief at Barclays Plc and a former Credit Suisse Group AG senior private banker, according to Bloomberg. Continue reading Japan’s BitFlyer Raids Banking Talent in Bid For Global Crypto Exchange

Japan Bolsters Crypto Exchange Regulations to Prevent Another Coincheck

Japanese regulators have announced stricter regulations for cryptocurrency exchanges in an effort to prevent another heist like the one that befell Coincheck in January, according to Nikkei Asian Review. The country’s Financial Services Agency expects to begin using a new, stricter framework for registered cryptocurrency exchanges this summer, and will advise those that fail to meet its new rules to discontinue operations. Both new and existing operators will be required to meet the new standards. Continue reading Japan Bolsters Crypto Exchange Regulations to Prevent Another Coincheck

Revenue Square Earned from Bitcoin Trading in Q1 2018

Digital payments firm Square published its first-quarter earnings report this week, providing insight into how much revenue the company has raised from its recently-launched bitcoin trading platform. The company first rolled out bitcoin trading to a limited number of its Cash App users last year, and in January it unlocked the feature for the remainder of its user base. Continue reading Revenue Square Earned from Bitcoin Trading in Q1 2018