BingX | Crypto

Nine other crypto platforms voluntarily restricted app access in Kazakhstan, prompting the regulator to withdraw its claims against them. Kazakhstan’s Astana International Financial Centre court (AIFC) has prohibited six platforms from offering digital-asset services without licenses in its jurisdiction and extended access restrictions to app stores. The Astana Financial Services Authority (AFSA) said Tuesday the court issued injunctions after the regulator sued operators of crypto platforms for offering digital-asset services without authorization. The Sept. 15 order named BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase, LBank and WEEX; an amendment three days later removed LBank after its operator blocked access in Kazakhstan. Read more

ESMA’s latest MiCA register update includes BingX, YouHodler and Banco Santander’s Openbank, bringing the total to 375 unique CASPs. [Update 11:30 UTC, Oct. 19 - Updates with comment from Penning Financial Services in the sixth paragraph.] The European Union’s Markets in Crypto-Assets Regulation (MiCA) register added nine crypto-asset service providers (CASPs), including BingX, bringing the total to 375 unique providers. The European Securities and Markets Authority’s (ESMA) Friday register update included crypto exchange BingX’s Austrian entity, MEGE zweite. It also listed the Italian subsidiary of YouHodler, a crypto lending platform offering yield products, with authorization for custody, crypto exchanges, order execution and transfers. Read more

BingX strategy chief Kevin Lee says wealthy investors are taking a longer-term approach to Bitcoin, though family-office crypto exposure remains limited. BingX chief strategy officer Kevin Lee says wealthy “old money” investors are taking a longer-term approach to Bitcoin (BTC) than many crypto-native traders. In a Token2049 fireside chat with Cointelegraph head of multimedia Ciaran Lyons, Lee said he deals with “a lot of old money” seeking alternative investments. “They have stronger diamond hands than any of us,” Lee said. Read more