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Revolut’s suspension of cryptocurrency services in the United States will affect 1% of their total global user base, the firm said. Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services in the United States amid the ongoing regulatory uncertainty. Soon after announcing a partial delisting of certain digital assets from its platform, Revolut took a decision to suspend all crypto services for U.S. users, the firm said in a statement to Cointelegraph on Aug. 4. Together with its U.S. banking partner, Revolut will be working to suspend access to crypto through its platform starting from Sept. 2, 2023. The firm then will completely shut down crypto services on Revolut on Oct. 3, a spokesperson for the online bank said, adding: “The access to cryptocurrencies through Revolut will be fully disabled and US customers will no longer be able to buy, sell, or hold any cryptocurrencies.” The Revolut representative emphasized that the decision to leave the U.S. marke...

According to Belgium’s Financial Services and Markets Authority, Binance, the largest cryptocurrency exchange globally, has been found to provide services from non-European economic area countries. The regulator stated that individuals and companies operating in Belgium, but not belonging to the European economic area, are prohibited from offering exchange services between virtual currencies and legal currencies, as well as custody wallet services. JUST IN: Belgium order s #Binance to cease crypto service s in the country. — Watcher.Guru (@WatcherGuru) June 23, 2023 An order for Binance Belgium’s Financial Services and Markets Authority (FSMA) has reportedly issued an order for Binance, the leading cryptocurrency exchange, to halt all virtual currency services within the country. According to the regulator’s statement, the FSMA alleged that Binance was providing exchange services between virtual currencies and legal currencies, as well as custody wallet...

Join Our Telegram channel to stay up to date on breaking news coverage KuCoin, a well-known cryptocurrency exchange based in Seychelles, recently came under the regulatory radar in the state of New York after the state’s Attorney General, Letitia James, discovered that she can buy and sell cryptocurrencies on KuCoin’s platform. This is a problem because the platform is not registered in the state, and it doesn’t have its so-called BitLicense, which allows exchanges to offer their services within its borders. KuCoin offered unregistered securities, claims Attorney General The new move represents another step by the regulators to crack down on digital currency exchanges that operate without register ing with the US authorities. In this particular example, the New York Attorney General herself filed a lawsuit against the exchange, which was then announced on the NY AG James’ Twitter account. I'm suing cryptocurrency platform @kucoincom for illegally oper...