🚀 EDX Markets Appoints New CEO Amid Leadership Changes
#EDXMarkets #CEOAppointment #LeadershipChange #CryptocurrencyExchange #InstitutionalInvestors #TradingVolume #Bitcoin #Ethereum #NonCustodialModel #FinancialServices #BTC #ETH
According to PANews, EDX Markets, a cryptocurrency exchange dedicated to institutional clients, has announced a leadership transition. Tony Acuña-Rohter, who has been serving as the Chief Technology Officer (CTO) since 2022, has been appointed as the new Chief Executive Officer (CEO). Meanwhile, the founder and former CEO, Jamil Nazarali, will take on the role of Executive Chairman. Acuña-Rohter has been instrumental in leading the technology and information security efforts at EDX, having previously held the position of CTO at ErisX.
EDX Markets, backed by major Wall Street firms such as Fidelity, Charles Schwab, and Citadel Securities, commenced operations in June 2023. The platform has achieved a trading volume exceeding $36 billion this year. Operating on a non-custodial model, EDX emphasizes the integration of institutional-grade trading and clearing services. It offers trading in six different cryptocurrencies, including Bitcoin and Ethereum. The exchange aims to provide a secure and efficient trading environment for institutional investors.#EDXMarkets #CEOAppointment #LeadershipChange #CryptocurrencyExchange #InstitutionalInvestors #TradingVolume #Bitcoin #Ethereum #NonCustodialModel #FinancialServices #BTC #ETH
🚀 Man Sentenced for Involvement in Unlicensed Cryptocurrency Exchange Operations
#cryptocurrency #unlicensedexchange #XieJiajie #LiuHanquan #cryptocurrencyexchange #moneylaundering #remittance #criminaljustice #PANews #SMC
According to PANews, a 34-year-old man named Xie Jiajie has been sentenced to 10 months in prison for his role in managing and operating cryptocurrency exchanges without a license. Despite knowing that his employer, Liu Hanquan, was conducting unlicensed currency exchange operations, Xie facilitated 430 transactions totaling over 35 million yuan in just 23 days. He was arrested during a police raid.
Xie faced charges under the Payment Services Act and the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act. He pleaded guilty to one charge, while the remaining charges were considered during sentencing on June 26.
The case involves Sir Money Changer (SMC), a licensed family business providing currency exchange and cross-border remittance services, managed by the Mohamad couple. In June 2021, SMC expanded its operations in Geylang, where Liu Hanquan offered to pay 14,000 yuan monthly to use the license for independent remittance operations. Liu hired his own staff but used SMC's name to pay for social security contributions, later reimbursing the costs.
Starting in September 2021, Liu conducted cross-border remittances and Tether transactions without reporting to the Monetary Authority or submitting transaction records. Following the discovery of his activities, Liu fled to Cambodia and emptied his cryptocurrency wallet. He remains at large.#cryptocurrency #unlicensedexchange #XieJiajie #LiuHanquan #cryptocurrencyexchange #moneylaundering #remittance #criminaljustice #PANews #SMC
🚀 Attempted Robbery at Hong Kong Cryptocurrency Exchange Investigated
#HongKong #cryptocurrencyexchange #attemptedrobbery #MongKok #crimeinvestigation #CCTVfootage #police #robberyattempt #securityguard #KwongWahHospital #WPlaza #SoyStreet #victiminjury
According to Odaily, an attempted robbery occurred at a cryptocurrency exchange in Mong Kok, Hong Kong, on the evening of December 13. Police received a report from a security guard around 8 p.m. regarding a suspected robbery at a shopping mall located at 608 Nathan Road.
Initial investigations revealed that the 46-year-old male victim, the owner of the cryptocurrency exchange, was preparing to close the shop when two men allegedly attempted to rob him. A third suspect later appeared. During the altercation, the victim and his wife were involved in a struggle with the three men, resulting in the victim sustaining a finger injury. He was taken to Kwong Wah Hospital for treatment and was conscious upon arrival.
Police are currently reviewing CCTV footage from the scene and are searching for the suspects involved. The exchange is situated on the first floor of W Plaza President Commercial Building, with a small amount of blood found on the staircase leading to Soy Street. The investigation is ongoing.#HongKong #cryptocurrencyexchange #attemptedrobbery #MongKok #crimeinvestigation #CCTVfootage #police #robberyattempt #securityguard #KwongWahHospital #WPlaza #SoyStreet #victiminjury
🚀 South Korean Court Upholds Sentence for Crypto Exchange Employee in Espionage Case
#SouthKorea #Cryptocurrency #Espionage #NorthKorea #MilitarySecrets #Bitcoin #NationalSecurity #CourtRuling #Hacking #CryptocurrencyExchange #BTC
According to PANews, the South Korean Supreme Court has upheld a four-year prison sentence for a cryptocurrency exchange employee involved in an espionage case. The employee was found guilty of assisting North Korean hackers in recruiting a South Korean army captain to exchange military secrets for Bitcoin. The employee received $487,000 in Bitcoin from the hackers and paid the captain $33,500 in Bitcoin as compensation.
The court ruled that the employee violated the National Security Act, posing a threat to national security. The involved army captain had previously been sentenced to ten years in prison and fined for breaching the Military Secrets Protection Act. Investigations revealed that North Korean hackers instructed the employee to provide the captain with a "watch-shaped hidden camera" and a USB hacking device intended for use on military laptops to remotely access the Korea-U.S. Joint Command Control System, although the attempt was unsuccessful.#SouthKorea #Cryptocurrency #Espionage #NorthKorea #MilitarySecrets #Bitcoin #NationalSecurity #CourtRuling #Hacking #CryptocurrencyExchange #BTC
🚀 Japanese Securities Firms Plan Cryptocurrency Exchange Launches
#JapaneseSecurities #CryptocurrencyExchange #NomuraHoldings #LaserDigital #DaiwaSecurities #SMBCNikkoSecurities #CryptoMarket #JapanCrypto
Leading Japanese securities companies are gearing up to enter the cryptocurrency exchange market. According to NS3.AI, Nomura Holdings is planning to launch an exchange by the end of the current year through its Swiss subsidiary, Laser Digital. Other firms, including Daiwa Securities Group and SMBC Nikko Securities, are also exploring similar initiatives.#JapaneseSecurities #CryptocurrencyExchange #NomuraHoldings #LaserDigital #DaiwaSecurities #SMBCNikkoSecurities #CryptoMarket #JapanCrypto
🚀 Japan's FSA Plans to Strengthen Cryptocurrency Regulations
#Japan #FSA #cryptocurrency #regulations #investorprotection #cryptocurrencyoperators #meme tokens #cryptocurrencyexchange #securities #criminalpenalties
Japan's Financial Services Agency (FSA) is planning to enhance penalties and regulations for unregistered cryptocurrency operators. According to ChainCatcher, the FSA intends to shift cryptocurrency-related regulations from the Payment Services Act to the Financial Instruments and Exchange Act to bolster investor protection. The proposed changes would increase criminal penalties for unregistered cryptocurrency sales from the current 'up to 3 years imprisonment or a fine of up to 3 million yen' to 'up to 10 years imprisonment or a fine of up to 10 million yen, or both.'
Additionally, the Securities and Exchange Surveillance Commission will be granted authority to conduct compulsory on-site inspections and evidence seizures as part of criminal investigations. The legal designation for registered operators is also set to change from 'cryptocurrency exchange operators' to 'cryptocurrency trading operators.' This move comes amid a rise in disputes related to highly speculative meme tokens.#Japan #FSA #cryptocurrency #regulations #investorprotection #cryptocurrencyoperators #meme tokens #cryptocurrencyexchange #securities #criminalpenalties