Signs 'crypto winter' ending as regulatory fog begins to lift

Binance and its boss Changpeng Zhao have “agreed to repatriate to the United States assets held for the benefit of customers of the Binance.US crypto trading platform,” the SEC said in its statement.

SINGAPORE, July 14 (Reuters) – Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have started to shift momentum in markets that had been stuck in a rut for months.

The company said on Friday however that it has received registration in other European Union countries, including France, Italy, Spain, Poland, click Sweden and Lithuania, and will continue to operate there.

SYDNEY, July 5 (Reuters) – The Australian securities regulator searched Binance Australia’s offices on Tuesday as part of a probe into its recently closed derivatives business, Bloomberg News reported on Wednesday.

CACEIS had 4.1 trillion euros ($4.51 trillion) in assets under custody at end of last year, according to its website.

Credit Agricole SA is its majority owner with a 69.5% stake, while Santander holds a 30.5% of the group.

crypto platform, saying they operated as exchanges without registering with the agency.

(Reporting by Jonathan Stempel in New York; editing by Jonathan Oatis)

This month the SEC sued Binance, the largest crypto platform, and Coinbase, the largest U.S.

OKX plans to hire 30 staff, Byun said, after opening an office last month in the Dubai World Trade Center in the business and financial hub of the United Arab Emirates.

Earlier this month, Wall Street’s regulator, the Securities and Exchange Commission, pressed a raft of charges against Binance, the world’s biggest cryptocurrency exchange, and US-based Coinbase.

PARIS, June 22 (Reuters) – CACEIS, the asset servicing business owned by Credit Agricole and Santander , has registered with France’s markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies.

General Counsel Hon Ng has also quit, Fortune and Bloomberg News reported on Thursday, with both outlets citing a person familiar with his departure.

Yibo Ling, Binance’s U.S.-based chief business officer, has also left, Bloomberg reported.

Earlier this month, Nigeria’s markets regulator ordered Binance to halt its operations in the country, saying local unit “Binance Nigeria Limited” that courted Nigerian investors through a website was not registered or regulated, making it illegal.

July 14 (Reuters) – Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday.

Andreessen Horowitz has invested in some of the world’s biggest tech names including Facebook, Twitter and Skype and it is also a major backer of cryptocurrency companies.

June 23 (Reuters) – Bitcoin, the world’s largest cryptocurrency, hit a more than one-year high on Friday, capping a week of gains helped in part by BlackRock’s plans to create a bitcoin exchange-traded fund (ETF) despite heightened U.S.

regulatory scrutiny on the digital asset sector.

Ripple Chief Legal Officer Stuart Alderoty said in an interview with Reuters that the company “wouldn’t shy away from an appeal, because the judge was right on her core findings,” adding: “I believe any appellate court looking at this would amplify and endorse those rulings, which would certainly be welcome,” he said.

The world’s largest cryptocurrency exchange is battling regulatory suits and probes around the world.

The U.S. Commodities Futures Trading Commission (CFTC) sued Binance and its founder Changpeng Zhao in March for operating what the regulator alleged was an “illegal” exchange.

June 29 (Reuters) – Paysafe Payment Solutions, Binance’s European banking partner, said on Thursday it will cease offering its embedded wallet solution to the U.S.

cryptocurrency exchange across the European Economic Area (EEA) from Sept.

The SEC on June 5 sued Binance, its CEO and founder Changpeng Zhao and Binance.US’s operator, alleging that Binance artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S.

customers from its platform and misled investors about its market surveillance controls.

Fidelity is one of several big asset managers that have applied to list bitcoin ETFs recent weeks. BlackRock, WisdomTree, Invesco and VanEck also submitted paperwork for spot bitcoin ETFs on Cboe BZX, Nasdaq and NYSE Arca, which is owned by Intercontinental Exchange Inc .