China’s top securities regulator to crack down on market manipulators

Wu Qing, Chairman of the China Securities Regulatory Commission, answers a question at a press conference during the second session of the 14th National People’s Congress (NPC) in Beijing on March 6, 2024. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images) Wang Zhao | Afp | Getty Images BEIJING — … Read more

China appoints ‘Broker Butcher’ Wu Qing as new chairman of securities regulator

BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) Vcg | Visual China Group | Getty Images China’s Cabinet on Wednesday appointed markets veteran Wu Qing as chairman of the China Securities Regulatory Commission, state … Read more

China replaces its top securities regulator, moving to reassure investors and end a market slump

BEIJING — China replaced the head of its market watchdog Wednesday in an apparent attempt to restore confidence in financial markets following a prolonged downturn. Official media said Wu Qing, a former chairman of the Shanghai Stock Exchange, would replace Yi Huiman as chairman and Communist Party chief of the China Securities Regulatory Commission. Chinese … Read more

HSBC to launch custody services for tokenized securities

HSBC is the largest bank in Europe by total assets. Nicolas Economou | Nurphoto | Getty Images HSBC on Wednesday announced it will offer custody services for tokenized securities, making the British bank the latest major institution to embrace digital assets. HSBC is using technology from Swiss crypto custody firm Metaco, which was recently acquired … Read more

Coinbase argues it doesn’t commerce securities, so the SEC’s lawsuit needs to be dismissed

Coinbase is asking a choose to dismiss the Securities and Alternate Fee’s lawsuit towards it. In a movement filed on Friday, Coinbase maintains that it doesn’t commerce securities, rendering the SEC’s arguments invalid. The SEC sued Coinbase in June, alleging that the crypto alternate broke securities legal guidelines by working as an unregistered dealer, alternate, … Read more

SEC sues Richard Coronary heart and his tasks Hex, PulseChain and Pulse X for fraud, securities violations

The U.S. Securities and Alternate Fee (SEC) stated it’s suing Richard Schueler, identified on-line as Richard Coronary heart and his three crypto tasks, Hex, PulseChain and PulseX, for conducting unregistered choices of “crypto asset securities.” The unregistered choices raised greater than $1 billion in crypto from buyers, the company said. Coronary heart and PulseChain additionally … Read more

SEC sues Binance and CEO Changpeng Zhao for U.S. securities violations

The CEO of the most important on-line change for buying and selling cryptocurrency, Binance, stated he’s establishing a restoration fund to assist individuals within the business, whereas saying the sector “shall be high-quality.” Ben McShane / Contributor / Getty Photos The Securities and Trade Fee filed 13 prices in opposition to Binance, the world’s largest … Read more