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CATEGORY: regulatory development

Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 31, 2023 10:30

Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns

In the wake of Binance’s departure from Canada, cryptocurrency exchange Bybit has announced its exit from the nation as well, citing “recent regulatory development” as the reason. Effective May 31, Bybit stated that it would cease accepting applications from Canadian residents. Bybit to Pause Operations in Canada According to a Tuesday announcement, Bybit is withdrawing [...]

The post Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns appeared first on Crypto Breaking News.

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Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 02, 2023 10:30

Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan

In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate Bank has been given a ten-day deadline to submit a plan outlining its self-liquidation procedure and the systematic cessation of operations. This order from the central bank comes in the wake of Silvergate’s declaration of voluntary liquidation [...]

The post Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan appeared first on Crypto Breaking News.

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