Category: Exchanges

Indonesia to launch crypto exchange in July: Report

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The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, and expects to debut the platform in the coming weeks. Indonesia’s Commodity Futures Trading Supervisory Agency (CoFTRA), also known as Bappebti, is planning to launch the national crypto exchange in July 2023, the local news agency Tempo reported on July 14. Bappebti head Didid Noordiatmoko reportedly said all cryptocurrency transactions will be only allowed to take plac using the upcoming national exchange. “Yesterday we agreed on the stock exchange rules,” the official said, adding…

Monochrome revises filing for spot Bitcoin ETF at Aussie stock exchange

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Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees. The ETF — Monochrome Bitcoin ETF (IBTC) will be able to offer retail Australian investors direct exposure to Bitcoin (BTC) and Ethereum (ETH), according to the firm’s July 14 announcement. Australia joins the #Bitcoin race.#spot #bitcoinetf @MonochromeAsset https://t.co/hqXb9RY5HL pic.twitter.com/KEEXHQ9Eo6 — Jeff (@jeffyew_) July 13, 2023 Speaking to Cointelegraph, Monochrome CEO Jeff Yew explained that by obtaining a license, Australian…

US Authorities Charge Cybersecurity Engineer With Stealing $9,000,000 From Decentralized Crypto Exchange

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The United States Attorney for the Southern District of New York, Damian Williams, just announced the indictment of a former cybersecurity professional who allegedly hacked an international decentralized crypto exchange (DEX) and stole $9 million worth of crypto assets. According to the indictment, Shakeeb Ahmed carried out the attack sometime in July 2022 when he exploited a vulnerability of the Solana (SOL)-based DEX. The 34-year-old, a senior security engineer at an international technology company at the time of the attack, allegedly inserted fake pricing data that caused the platform’s smart…

Crypto Exchange Digitex Ordered to Pay $16M Following CFTC Charges

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A US court has ordered Adam Todd to pay approximately $16 million for operating an unregistered crypto exchange Digitex Futures. The amount includes $11.7 million in civil monetary penalty and $3.9 million as the return of illicit profit. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! Judge Roy K. Altman of the US District Court for the Southern District of Florida delivered the judgement on July 5, the Commodity Futures Trading Commission (CFTC) announced…

Dubai Bitcoin Exchange BitOasis Faces Regulatory Setbacks as License Revoked

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BitOasis, a prominent Bitcoin exchange based in Dubai, has recently faced regulatory setbacks as its license was revoked by the Virtual Assets Regulatory Authority (VARA). The company failed to meet the necessary regulatory requirements within the specified timeframe, leading to enforcement action being initiated against it. BitOasis had received a conditional license on April 12, but VARA stated that the company was unable to commence operations unless certain key conditions were fulfilled within 30-60 days. Despite this opportunity, BitOasis fell short of meeting the undisclosed standards set by VARA, media reports…