Found a total of 10000 related content
Japan FSA Reviews Crypto Investment Protections
Article Introduction:The Financial Services Agency in Japan has already begun an in-depth assessment of its cryptocurrency rules. This analysis intends to determine whether regulating cryptocurrencies according to the Payments Act is still viable.
2024-10-01
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New York Department of Financial Services establishes new guidelines for crypto firms to improve customer service standards
Article Introduction:These new rules, which will be implemented starting November 1, reflect the New York Department of Financial Services’ expectation that crypto companies will handle customer service requests and complaints promptly and fairly. The New York State Department of Financial Services (NYDFS) released new guidance on May 30 aimed at improving customer service standards for virtual currency entities (VCEs). It is reported that these regulations will come into effect on November 1. Clear Guidelines NYDFS emphasizes that the purpose of this newly formulated detailed set of guidelines is to ensure that virtual currency entities (VCEs) can establish a strong customer service system that can promptly and effectively solve the problems faced by customers. In addition, VCEs need to continually update their customer service policies and ensure that these policies comply with all relevant laws and regulations
2024-06-13
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Swiss crypto bank FlowBank was declared bankrupt by the local monetary authority! Cryptocurrency in trouble?
Article Introduction:This site (120BTc.coM): As a partner of the stable currency TrueUSD (TUSD) and the exchange Binance, the Swiss Financial Management Authority (FINMA) forced the crypto bank FlowBank to enter bankruptcy proceedings yesterday (13), claiming that it seriously violated the operating banking regulations. Required minimum capital standards, over-indebtedness and almost no possibility of bankruptcy and reorganization. FlowBank was shut down by the Swiss Monetary Authority: High-risk business caused trouble. FINMA pointed out in the latest statement that it had forced the initiation of bankruptcy proceedings for the crypto bank FlowBank on June 13, saying that it no longer had enough funds to continue to maintain the bank’s operations. FINMA stated that FlowBank can no longer afford the funds needed to operate its business and there is no possibility of restructuring.
2024-06-15
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How the Rise of Crypto ETFs is Reshaping the Financial Landscape
Article Introduction:Investors around the globe are beginning to recognize a shifting tide in the realms of finance and technology. While traditional markets continue to be dominated by decades-old practices, the introduction and growth of cryptocurrency exchange-traded
2024-11-16
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Bankrupt Genesis agrees to pay $21M SEC fine to resolve closed Gemini Earn crypto lending violations
Article Introduction:Gemini crypto exchange has assured its Earn users that they will receive 100% spot returns on digital assets. Bankrupt crypto lender Genesis Global has agreed to pay a $21 million civil penalty in connection with its terminated GeminiEarn lending program, according to a March 19 statement from the U.S. Securities and Exchange Commission (SEC). Under the terms of the settlement, the SEC will not receive the penalty until Genesis satisfies all bankruptcy claims, including those from Gemini Earn investors. The resolution, initially reached in January, was a turning point for Genesis, allowing it to turn its attention to ongoing bankruptcy proceedings. Violations of Securities Act SEC Chairman G
2024-03-20
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Is Bitcoin buying and selling illegal?
Article Introduction:According to the "Notice on Further Preventing and Dealing with Speculation Risks in Virtual Currency Transactions", mainland China prohibits financial institutions and payment institutions from providing services for virtual currency transactions, and domestic and foreign virtual currency exchanges provide services to Chinese residents. The notice emphasizes the risks of virtual currency transactions, including violent price fluctuations, speculation, money laundering, terrorist financing and other illegal and criminal activities. Therefore, the Chinese government prohibits virtual currency transactions to maintain financial order and social stability.
2024-03-14
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Inventory of the top ten blockchain digital currency trading apps 2024 blockchain digital currency trading app ranking list
Article Introduction:1. The top ten digital currency trading apps in the blockchain are: Binance, Huobi, OKX, Bybit, FTX, Kraken, Gemini, Bittrex, KuCoin, and Coinbase. 2. Binance: The world’s largest cryptocurrency exchange, providing a wide range of trading pairs, crypto lending services and derivatives trading. 3. Huobi: China’s leading cryptocurrency exchange, providing a wide range of financial services, including fiat currency trading, OTC trading and asset management.
2024-07-18
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Virtual currency app summary
Article Introduction:Virtual currency APP covers a variety of categories, including: Exchange type: provides virtual currency trading, custody and market information services (such as Binance, Huobi, OKX). Used to keep, send and receive virtual coins (such as MetaMask, Trust Wallet). Payment type: Supports the use of virtual currency for shopping and online payments (such as PayPal, Square Cash). DEFI type: Provides decentralized financial services, such as loans, pledges and lending (such as Aave, Compound).
2024-11-21
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How does the virtual currency trading platform make money? Foreign virtual currency trading platform
Article Introduction:Abstract: A virtual currency trading platform refers to a website that operates virtual currency transactions. It earns transaction fees and transaction spreads to make profits by providing virtual currency exchange services. This article mainly introduces the profit model and principles of virtual currency trading platforms, and analyzes some practices and challenges of foreign virtual currency trading platforms in terms of profitability. 1. The profit model of the virtual currency trading platform The profit of the virtual currency trading platform is mainly achieved through the following two methods: 1. Transaction fees: In order to provide trading services, the virtual currency trading platform will charge users transaction fees, usually Each buyer and seller are charged a certain percentage of handling fees. This profit model is similar to securities trading in the traditional financial industry. 2. Transaction spread: Transaction spread refers to the difference in virtual currency prices between different trading platforms.
2024-08-01
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