Binance Withdraws Crypto License Application with German Regulator BaFin

Binance's issues in Europe continue to escalate as the crypto exchange faces another regulatory setback in Germany.

• 2023-07-26
• BaFin German authorities application crypto custody financial regulator

Binance Withdraws German Crypto License Application

The move follows reports had been rejected by financial regulators, and a pullback from markets including Austria, Belgium and the Netherlands

• 2023-07-26
• CoinDesk BaFin financial regulator

Binance withdraws application for crypto license in Germany

German regulators had told Binance they would not grant it a crypto custody license, Reuters reported last month. "Binance still intends to apply for appropriate licensing in Germany, but it is essential that our submission accurately reflects these changes," the spokesperson added. The BaFin application withdrawal was first reported by CoinDesk.

• 2023-07-26
• Germany application BaFin financial regulator crypto custody

Federal Regulators Are Needed for Crypto Oversight: U.S. Accountability Office

Regulators lack an ongoing coordination mechanism for addressing blockchain risks in a timely manner, the report says

• 2023-07-25
• Financial Services Committee Financial Stability Oversight Council Rep. Maxine Waters financial regulators financial regulator Stephen Lynch crypto assets coordination mechanism financial transactions regulatory concerns

Kuwait Regulator Bans Crypto Payments, Investment and Mining

The prohibitions are an effort to comply with the FATF's recommendations to prevent money laundering via crypto, the Capital Markets Authority said.

• 2023-07-20
• Capital Markets Authority The Capital Markets Authority financial regulator Central Bank of Kuwait Financial Action Task Force Kuwait

Societe Generale Becomes First Company to Win French Crypto License

SG Forge is licensed to provide buying and selling, exchange and custody of digital assets.

• 2023-07-19
• Societe Generale SG Forge financial regulator AMF cryptocurrency exchange digital assets

South Korea Wants Companies to Disclose Crypto Holdings

Companies that issue or own crypto will have to make disclosures in their financial statements from next year onwards, say draft rules.

• 2023-07-12
• Financial Services Commission draft rules financial regulator South Korea financial statements

South Korea mandates new accounting rules for domestic crypto sector

South Korea’s FSC is requiring companies that issue or own cryptocurrencies to provide detailed crypto disclosures from 2024.

• 2023-07-12
• South Korea Financial Services Commission South Korean authorities Korea Accounting Standards Board financial regulator crypto tokens

Denmark's Financial Watchdog Orders Saxo Bank to Shed Its Crypto Holdings

Danish bank Saxo has been ordered by Denmark's financial regulator to shed its own holdings of cryptoassets.

• 2023-07-05
• Danish Financial Supervisory Authority Financial Supervisory Authority financial regulator Saxo Bank FSA crypto regulation crypto assets financial watchdog Denmark

‘Crypto Companies Must Get Ready to Comply’: UK Financial Regulator

Authorities have established the rules for companies promoting cryptocurrencies to UK customers. Now, firms need to fall in line.

• 2023-07-05
• Financial Conduct Authority online advertising financial regulator Anti-Money Laundering the United Kingdom companies