Editors' Picks
Jun 7, 2023
SEC Sues Coinbase Over Alleged Securities Law Violations
- The U.S. securities regulator has alleged that Coinbase has been operating as an unregistered securities exchange, broker, and clearing agency since 2019.
- The exchange pointed out that it had met with the SEC 30 times in 2022 seeking regulatory guidance, and that it will “vigorously defend” itself.
Jun 5, 2023
SEC Alleges Binance, Binance.US, and CEO Changpeng Zhao Violated Securities Law
- The U.S. regulator has alleged that the platforms offered unregistered securities to the general pubic in the form of the BNB token and BUSD stablecoin.
- Binance was also accused of failing to register as an exchange, and that it had comingled funds between its global and U.S. platforms.
May 31, 2023
Bybit Becomes Latest Exchange to Exit Canada
- Bybit is the latest exchange following Binance and OKX to announce its departure from the Canadian market due to “recent regulatory development”.
- Canadian nationals will no longer be able to open new accounts starting Wednesday, while existing users have until 30 September to withdraw their assets from the platform.