Tag

Regulatory Guidance

All articles tagged with #regulatory guidance

cryptocurrency2 years ago

Binance Withdraws from Canadian Market over Regulatory Tensions.

Binance, the world's largest cryptocurrency exchange, is withdrawing from the Canadian market due to regulatory guidance surrounding stablecoins and investor limits. The company expressed its willingness to collaborate and communicate with Canadian regulators and hopes that a thoughtful framework will be established in the future, potentially paving the way for Binance to resume its services for Canadians. Canadian users will receive an email containing crucial details about how their accounts will be affected in the future.

cryptocurrency2 years ago

Coinbase Faces Legal Battles on Multiple Fronts

The US Securities and Exchange Commission (SEC) has been ordered by a US court to respond to Coinbase's complaint over how it applies securities laws to digital assets within 10 days. Coinbase argued that the SEC is providing insufficient regulatory guidance for US companies operating in the crypto sector. The crypto exchange referred back to a 2022 petition asking for formal rulemaking within the digital assets sector, to which the SEC is yet to respond. Coinbase has been attempting to launch a pre-emptive strike against the SEC, which said in March it expected to sue the exchange over allegations of offering unregistered securities products.