Tag Archives: Hong kong

Defined Regulations Main Factor For Crypto Exchanges When Choosing Country

Thanks to its well-defined regulatory framework, Malta now accounts for the largest share of cryptocurrency trading volume in the world. This conclusion comes from a Business Insider report Sunday, Apr 29, that cites a recent research done by the Morgan Stanley bank. A team of Morgan Stanley researchers, led by analyst Sheena Shah, has conducted a study on the distribution of cryptocurrency exchanges and crypto trading volume across all countries, based on volume data from Coinmarketcap and company registration info listed on the websites of the respective exchanges. Continue reading Defined Regulations Main Factor For Crypto Exchanges When Choosing Country

Binance CEO Zhao “Denies All” Sequoia Allegations in Hong Kong Lawsuit

Binance chief Zhao Changpeng, founder of the world’s largest cryptocurrency exchange, has formally denied allegations made by venture capital firm Sequoia Capital about a failed funding deal. As reported yesterday, a subsidiary of Sequoia Capital China sued Zhao in a Hong Kong lawsuit claiming the crypto exchange founder had violated terms of an exclusivity agreement by holding fundraising talks with other potential investors. It is believed that negotiations between the two parties broke down after Binance shareholders were left unimpressed by Sequoia’s valuation of Binance, at a proposed $80 million. Continue reading Binance CEO Zhao “Denies All” Sequoia Allegations in Hong Kong Lawsuit

OKEx Denies Responsibility for Bitcoin Price Crash on Futures Exchange

Cryptocurrency exchange giant OKEx is pushing back against allegations that it is responsible for market manipulation that caused the Bitcoin price to crash below $5,000 on its futures exchange last week. Continue reading OKEx Denies Responsibility for Bitcoin Price Crash on Futures Exchange

Cryptocurrency Exchange Binance Faces Regulatory Pressure in Japan

Japan’s top securities regulator will warn cryptocurrency exchange Binance that it must cease operating in the country without a license or face enforcement action. Citing a person familiar with the matter, Nikkei reports that Japan’s Financial Services Agency (FSA) will issue a formal warning to Binance, which has allegedly begun expanding operations into Japan without permission from the regulatory agency. Continue reading Cryptocurrency Exchange Binance Faces Regulatory Pressure in Japan