#CryptoExchange

From November 2024, cryptocurrency exchanges in Australia will be required to obtain financial services licenses, according to new regulations announced by the Australian Securities and Investments Commission (ASIC). Alan Kirkland, an ASIC commissioner, revealed details of the initiative at the AFR Crypto and Digital Assets Summit in Sydney, emphasizing the need for stricter oversight of…

Coinbase, the largest U.S. cryptocurrency exchange by trading volume, announced today that it is rolling out support for the Lightning Network. This integration offers a faster and more cost-effective method for its users to send, receive, or pay with bitcoin directly from their accounts. Previously, bitcoin transactions on Coinbase were processed on-chain, meaning they could…

Federal prosecutors in Manhattan have accused KuCoin, one of the globe’s largest crypto exchanges, of violating US anti-money laundering laws. KuCoin allegedly failed to adequately vet customers, resulting in the transfer of billions of dollars in illicit funds since its establishment in 2017. According to prosecutors, the Seychelles-based exchange actively sought business from US clients…