Crypto News
Binance India Goes Full Compliance Mode With Re-Verification Mandate
Binance just ignited a compliance revolution in India’s crypto market, enforcing full KYC re-verification to tighten security, align with AML laws, and redefine user accountability. Binance Triggers Full KYC Lockdown in India Crypto exchange Binance announced a policy update on April 18 mandating know your customer (KYC) re-verification for all users in India, regardless ofSource link
Ripple Enters Broker-Dealer Arena as Hidden Road Gains FINRA Authorization
Ripple just unlocked a game-changing foothold in traditional finance as its $1.25 billion acquisition scores FINRA approval, supercharging institutional access to fixed income markets. Ripple’s Hidden Road Gets FINRA Go-Ahead to Expand Prime Brokerage Services Hidden Road, a global prime brokerage firm recently acquired by Ripple for $1.25 billion, announced a regulatory milestone Thursday. ItsSource link
Coinbase Clashes With Oregon in Surprise Crypto Lawsuit After SEC Exit
Coinbase is going on the offensive as Oregon revives a discredited crypto crackdown, slamming the state’s lawsuit as politically driven and dead-on-arrival in court. Coinbase Rips Into Oregon for Rehashing SEC’s Collapsed Crypto Regulation-by-Enforcement Crypto exchange Coinbase revealed on April 18 that it is facing a new securities enforcement action from Oregon’s Attorney General, aSource link
Canary Capital Seeks SEC Approval for Tron ETF With Staking
As filings pile up for proposed U.S. ETFs based on XRP, Solana, Dogecoin, and other assets, Canary aims to launch the first Tron fund.Source link
Canary Capital Files for Tron ETF With Staking Capabilities
Canary Capital is looking to launch an exchange-traded fund (ETF) tracking the price of Tron’s native token, TRX, according to a filing.The hedge fund submitted a Form S-1 for the Canary Staked TRX ETF with the Securities and Exchange Commission (SEC) on Friday. As the name suggests, the fund — if approved — would stake portions of its holdings.This would be done through third-party providers, with BitGo acting as custodian for the assets. The fund would track TRX’s spot price using CoinDesk Indices calculations.A proposed ticker as well as the management fee for the product have not been shared yet.Issuers had initially filed applications for spot ethereum (ETH) ETFs with the staking feature included but removed them in an amended...