Tag: BitGet

Austria’s Financial Market Authority (FMA) has turned Vienna into a MiCA hub – and a single Viennese lawyer, Oliver Stauber, keeps appearing at the front door. First KuCoin, now Bitget: both global exchanges with serious regulatory baggage, both pushing their EU entry via Austria, both with Stauber as CEO or managing director at the licensing stage. From a compliance perspective, this “rent-a-CEO” model looks increasingly problematic.

In the current crypto bull run, a troubling trend has emerged: more and more crypto exchanges are aggressively promoting...

The crypto community witnessed a significant event on December 19 when the mastermind behind the Grimace Coin, identified as Odysseus (@GrimesOdysseus), orchestrated a strategic financial maneuver. This move enriched its followers and resulted in substantial losses for MEXC. Grimace, launched in the spring of 2023, quickly gained traction, rewarding early backers with substantial profits.

To map the worldwide crypto scene is an impossible task. One encounters a practically opaque network of crypto exchanges such as Binance, ByBit, KuCoin, BitGet, etc., and connected payment processors such as Advcash or MoonPay. For example, the FIAT transactions of the crypto exchanges are processed via the latter. Of course, this is a very simplified representation. But you have to start somewhere. The "101 Crypto Ecosphere" chart shown above is such a start.

While the Italian Consob seems to continue its struggle with its warnings page, the Spanish regulator CNMV issued its new warnings on Monday. This time against seven websites that offer regulated financial products without permission. The warning against the decentralized crypto exchange PancakeSwap, which is well established in the crypto scene, is noteworthy. We will take a closer look at the other warned providers and bring detailed reports soon. Below is the list of new warnings.