The Financial Intelligence Unit (FIU) of India has granted Binance and KuCoin registration, months after both cryptocurrency exchanges were banned for operating illegally, Coindesk reported. While KuCoin has paid a penalty of $41,000 and resumed its operations, Binance is awaiting a penalty decision following a hearing with the FIU. Credibility...

Securities and Exchange Commission (SEC) Chair Gary Gensler has slammed the cryptocurrency sector for not providing adequate disclosure to investors compared to the traditional financial space. In an interview with CNBC, Gensler said that most cryptocurrencies are considered securities and must comply with the relevant laws. Gensler's comments came...

Grayscale's proposal to list exchange-traded funds (ETF) tied to the price of ether was recently withdrawn, according to a notice by the Securities and Exchange Commission (SEC). NYSE Arca, the platform Grayscale's ETF would have been listed if approved, withdrew the proposal ahead of an anticipated decision by the regulator on similar applications...

Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) has taken action against cryptocurrency exchange Binance, imposing a hefty fine of nearly USD 4.38 million (C$6 million) for violations related to money laundering and terrorist financing laws.Canada Imposes Fines for Money Laundering ViolationsThe regulatory body disclosed that...

Singapore has disowned the collapsed cryptocurrency project Terraform Labs, saying the platform was not performing activities requiring a license from the MAS and was neither licensed nor exempted from licensing by the regulator. The city-state has also downplayed the impact of the Terraform Labs saga on its financial systems.Responding to a question...

In a rebuttal against accusations of bribery levelled by Binance Holdings Ltd, Nigeria has refuted claims made by the cryptocurrency firm, dismissing them as a diversionary tactic. The West African nation has been involved in a boisterous saga with Binance.Binance's Allegations of Bribery in NigeriaThe rift deepened following a blog post penned...