Union Bank of Philippines Launches Crypto Trading Services - AdLunam

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This topic has 7 replies, 3 voices, and was last updated 2 years, 7 months ago by
JapLunam

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November 8, 2022 at 9:54 am

#1826

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JapLunam

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Any updates on this?

November 7, 2022 at 4:16 am

#1818

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Saif

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Texas regulator probes crypto platform FTX and CEO Sam Bankman-Fried

Texas’s securities regulator is investigating crypto trading platform FTX and its billionaire founder, Sam Bankman-Fried, for selling an investment product that potentially violated state law.

The probe, announced in a Friday filing by Texas State Securities Board enforcement director Joe Rotunda, centers on whether FTX has been illegally offering Texans accounts that pay interest on crypto deposits.

Rotunda argues that the accounts are akin to securities and that the company should have registered with the state before signing up its residents. It’s the latest attempt by state financial watchdogs to crack down on leading crypto players as federal policymakers remain divided about how to write rules for the industry.

The investigation is a possible roadblock to Bankman-Fried’s bid to buy up digital assets from companies that buckled under the weight of the crypto market’s downturn earlier this year.

How state regulators supplanted the feds in policing crypto markets

The 30-year-old chief executive last month won an auction for the assets of bankrupt crypto lender Voyager Digital with a $1.4 billion bid. But Rotunda in his filing asked the New York bankruptcy court handling Voyager’s case to block that sale. He said FTX’s yield-bearing accounts resemble a similar offering from Voyager that drew cease-and-desist orders from Texas and other states before the company collapsed.

FTX said in a statement that the company has been in talks with the Texas regulator “for a while.”

November 4, 2022 at 5:01 pm

#1813

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JapLunam

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Let me know if they give you something.

November 4, 2022 at 5:01 pm

#1812

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JapLunam

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Ha ha ha ha… Well Good luck

November 4, 2022 at 10:19 am

#1811

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Kimberly Lagunzad

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Yesss!! and this is my bank 🙂 ( hoping there’s an emoji ) LOL

November 4, 2022 at 10:02 am

#1810

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JapLunam

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Looks like it will be available for all

November 4, 2022 at 10:02 am

#1809

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JapLunam

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Wow.. Thats great news

November 4, 2022 at 3:22 am

#1808

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Kimberly Lagunzad

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https://cryptonews.com/news/union-bank-of-philippines-launches-crypto-trading-services-which-coins-are-included.htm
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