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Tag Archives: Crypto Exchange Crackdown

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How Balanced Regulation can Streamline Crypto Exchange Operations

by David Drake Recently, there has been news circulating about crypto trading platforms that paint them in a rather negative light. At the beginning of the year, Coincheck, a popular Japanese exchange, lost up to $530 million after hackers accessed its system and got away with NEM cryptocurrencies. This past week,¬†Cointelegraph¬†reported that trading volumes in one of the largest cryptocurrency exchanges, OKEx, are largely inflated. These and other occurrences have captured the interest of governments in different countries. Recently this month, the Financial Services Agency in Japan conducted a crackdown on cryptocurrency exchanges in which two trading platforms got suspended and five others were ordered to improve their operations. Last August, the US Securities and Exchange Commission (SEC) released a communication warning potential ICO investors and moved to suspend two ICO companies alleging unlawful token and coin trading. At the beginning of this month, the regulator subpoenaed 80 companies. Furthermore, ... Read More »

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