Roskomnadzor bans Russia’s largest crypto OTC aggregator
Russia’s communications watchdog Roskomnadzor has blocked access to the country’s largest crypto aggregator platform. The Russian telecoms watchdog Roskomnadzor has blocked access to BestChange, one of the largest crypto over-the-counter aggregators in Eastern Europe and Russia. As of press time, the regulator hasn’t explained the reason, though the website is on the list of blocked […]
2024 Crypto OTC trading surged 106% YoY: Finery
2025 looks promising for the cryptocurrency industry after sectors like OTC and stablecoin transactions experienced significant growth in 2024, according to Finery Markets experts. Over-the-counter trading volume grew a staggering 106% year-on-year in 2024 as the digital asset market recorded new highs and euphoric sentiment, Finery Markets told crypto.news via email on Jan. 10. The […]
Agora and Galaxy execute first OTC transaction of AUSD
Stablecoin issuer Agora has hit a new milestone with the first-ever over-the-counter transaction involving its flagship asset, Agora USD. The company announced the significant development on Jan. 8, noting that the OTC transaction involved collaboration with Galaxy Digital, a digital asset and blockchain firm founded by Michael Novogratz. According to Agora, the successful execution of […]
Crypto market maker GSR secures FCA approval for OTC services
The crypto trading firm and market maker GSR becomes the first crypto liquidity provider to earn regulatory authorizations from both the FCA and Singapore’s MAS. GSR, the global crypto trading firm and market maker, has received approval from the Financial Conduct Authority for its British arm to operate as a registered crypto asset business, the […]
Russia’s central bank to combat illegal crypto OTC services with new surveillance platform: report
Russia’s central bank is set to develop a new platform that would help it crack down on illegal crypto OTC services and suspicious financial activities. The central bank of Russia is reportedly planning to create a new platform aimed at making it more difficult for shadow businesses to misuse banking services for illegal activities, including […]
