Category: Exchanges

Thailand Targets Five "Unlicensed" Crypto Exchanges, Including Bybit, OKX in Latest Crackdown

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Thailand’s financial watchdog “will block access” to five unlicensed cryptocurrency exchanges, including Bybit and OKX, in the latest effort to curb illicit financial activity and protect domestic investors. The order, which takes effect on June 28, is reportedly in line with updated legal powers granted under new cybercrime legislation. The Office of the Securities and Exchange Commission of Thailand (SEC) reportedly investigated and identified Bybit, 1000X, CoinEx, OKX, and XT.COM as operating digital asset services without proper licenses. Regulator Flags Unauthorized Activity The agency filed formal complaints against the platforms,…

Thai SEC blocks 5 crypto exchanges, including OKX and Bybit

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The Thai Securities and Exchange Commission (SEC) will block five cryptocurrency exchanges, including Bybit and OKX, from operating in the country. According to a May 29 announcement, Bybit, 1000X, CoinEx, OKX and XT.COM will be blocked in the country on June 28. The SEC said the measure aims “to protect investors and crack down on illegal platforms used for money laundering.” “The SEC advises all investors using these platforms to take necessary action regarding their assets before the shutdown date,” the agency said. The decision follows the Royal Decree on…

Thai Regulators Tighten Crypto Oversight—Unlicensed Exchanges to Be Banned by June 2025

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Thailand’s Securities and Exchange Commission (SEC) has taken action against five unauthorized digital asset trading platforms: Bybit.com, 1000x.live, Coinex, OKX, and XT.COM. The SEC has filed charges with the Economic Crime Suppression Division (ECD) for operating without the necessary licenses under Thailand’s Digital Asset Business Act. To protect investors and combat money laundering, the SEC […] Source

Cryptocurrency Bill Draft Introduced in Guatemalan Congress

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The draft project, introduced by Representative Shirley Rivera to the Guatemalan Congress, establishes several rules aimed at positioning Guatemala at the forefront of cryptocurrency regulation. The bill provides tax exemptions for personal transactions and regulates the voluntary use of crypto for payments. Bill Regulating Cryptocurrency Payments Proposed Before Guatemalan Congress Increasingly, countries are rushing to […] Source

How To Accept Cryptocurrency on Your Website – Step-by-Step Instructions

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Cryptocurrency is no longer a niche technology – it is reshaping global finance and digital commerce. By December 2024, the number of crypto users reached 659 million, and experts predict a 30% increase in 2025, according to Statista. This rapid adoption is driven by both economic necessity and financial innovation. India, Indonesia, Nigeria, the United States and Vietnam are leading the shift. In emerging markets, crypto provides a hedge against inflation, simplifies remittances and expands financial access. In the US, institutional investments and evolving regulations fuel growth. Peer-to-peer trading in…

World’s Top Crypto Exchange by Trading Volume Announces Upcoming Support for Consumer-Focused Altcoin on Binance Alpha

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The world’s largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform. In a new announcement, Binance says it’s adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity. “Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance…

Hacker Plunders $223,000,000 Worth of Crypto from Sui-Based Decentralized Exchange

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The largest decentralized exchange (DEX) and liquidity protocol on the layer-1 blockchain Sui (SUI) is temporarily disabling its smart contracts following a major security breach. In a statement, Cetus Protocol confirms that a bad actor siphoned approximately $223 million worth of assets from the platform. The DEX says it has already taken measures to prevent further theft and secure the majority of the impacted funds. “$162M of the compromised funds have been successfully paused. We are working with the Sui Foundation and other ecosystem members right now on next-step solutions,…

World’s Largest Crypto Exchange by Trading Volume Binance Adds Support for Trump-Linked World Liberty Financial Stablecoin

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The world’s largest crypto exchange by trading volume is adding support for an asset linked with President Donald Trump’s new decentralized finance project, World Liberty Financial (WLFI). In a new announcement, Binance says it will add support for the stablecoin World Liberty Financial USD (USD1), a dollar-pegged digital asset managed by the crypto asset manager BitGo. “Binance is excited to announce that World Liberty Financial USD (USD1) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin [on May 22nd].” USD1, which was designed to keep…

Crypto Exchange Lbank Halts UAE Registrations, Plans to Retire Users in Russia, Ukraine

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Lbank announced on May 20 that it has temporarily suspended new user registrations from the United Arab Emirates to comply with regulatory requirements set by Dubai’s Virtual Assets Regulatory Authority. Existing UAE Users Face Service Restrictions Lbank, the British Virgin Islands-based cryptocurrency exchange, announced May 20 it has temporarily suspended new user registrations from the […] Source

BTCC Exchange Appoints Dan Liu as CEO Ahead of 14th Anniversary Milestone

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May 21st, 2025 – VILNIUS, Lithuania BTCC, one of the world’s longest-serving cryptocurrency exchanges, today announces the appointment of Dan Liu as its new Chief Executive Officer. Liu, who previously served as Chief Research Officer at BTCC, brings extensive expertise in both traditional finance and cryptocurrency markets to his new role. As BTCC approaches its 14th anniversary in June, Dan Liu’s appointment as CEO marks a new chapter for the exchange. Under his leadership, BTCC aims to build upon its legacy as the world’s most established crypto exchange while pursuing…