GRAPHIC-Global markets in H1: Banks vs the machines

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Finlay Vivier спросил 3 месяца назад

Under other provisions in the proposed agreement, Binance.US will create new crypto wallets to which the global exchange’s employees have no access, provide additional information to the SEC and agree to an expedited discovery schedule, the filings said. Last week, Binance was sued by the U.S. Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent U.S. Earlier this month, the regulator sued major exchanges Coinbase and Binance in high-profile lawsuits that reverberated through the digital assets industry. (Reporting by Manya Saini in Bengaluru; Editing by Devika Syamnath) Two-year Treasury yields, which are extremely sensitive to monetary policy expectations, rose to 4.602%, while the yield on benchmark 10-year notes US10YT=RR climbed to 3.743%. The Hong Kong Monetary Authority’s (HKMA) comments were in response to a Financial Times report which said lenders including HSBC and Standard Chartered were facing pressure from Hong Kong’s central bank to take on crypto exchanges as clients. But the blows against Binance and Coinbase hit the industry with an accusation that stung: some crypto currencies are securities that must be traded under strict rules and not an alternative to dollars, yen or euros and outside the reach of regulators. «The dark clouds overshadowing crypto have lifted in recent days amid a burst of institutional interest,» said Kate Laurence, general partner of Bloccelerate VC, which invests in crypto projects. The game changer for many people this time around was BlackRock applying for a spot bitcoin ETF, because it files for ETFs only when it believes it can get them approved, Moya said. Tether is the largest stablecoin that aims to maintain a 1:1 peg with the U.S. dollar. Tron is the ninth largest cryptocurrency with a $6.3 billion market value, while ether is the largest after bitcoin, with its $210 billion market capitalization. The clampdown in the US has brought a dose of self doubt to a whole ecosystem behind cryptocurrency and the blockchain idea at its core, in which transactions do away with middlemen, including governments and banks. «We are working hard to prepare our business to be fully compliant with MiCA when it is implemented in the next 18 months. To that end, we have made the decision to pull back efforts in Cyprus to focus on our efforts on fewer regulated entities in the EU, especially our larger registered markets where we already have a mature footprint, including France, Italy and Spain,» the spokesperson said. Two-year Treasury yields, which are extremely sensitive to monetary policy expectations, were little changed at around 4.53% in Tokyo after a 3 basis-point (bp) decline by the New York close. The 10-year yield edged up to 3.73% after tumbling 7 bps overnight. PARIS, June 16 (Reuters) — Binance is under preliminary investigation for illegal canvassing of clients and money-laundering, 币安现货交易 the Paris prosecutor’s office said on Friday, the latest in a series of setbacks for the world’s largest crypto exchange. securities regulator stepped up its crackdown on the crypto sector. June 9 (Reuters) — The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S. The payment includes $1.17 million of refunds to 4,691 investors, which may be reduced if they withdraw crypto assets during a specified 90-day period, plus a $626,000 fine. In a letter filed just before midnight on Wednesday in Manhattan federal court, Coinbase said the SEC has no authority to pursue civil claims because assets trading on its platform are not «investment contracts,» and thus not securities. Fed Chair Jerome) said on May 19 it was still unclear if U.S. interest rates will need to rise further, and the risks of overtightening or undertightening had become more balanced. The SEC on June 5 accused Binance and its founder and CEO Changpeng Zhao of creating Binance.US as part of a «web of deception» to evade securities laws aimed at protecting U.S. investors. Binance said it would defend itself «vigorously.» The move comes amid renewed regulatory scrutiny at the world’s largest cryptocurrency exchange and will help cushion some of the fallout from recent blows, including Binance being sued by the U.S. Securities and Exchange Commission.