Category: Policy and Regulation
KuCoin Receives Vote of Confidence Amid Legal Turmoil: Insights from CryptoQuant CEO
In the midst of legal challenges and concerns regarding its reserves, KuCoin, the Seychelles-based cryptocurrency exchange, has garnered support from Ki Young Ju, the CEO of CryptoQuant, a crypto analytics…
U.S. Regulatory Agencies Seek Increased Funding to Strengthen Oversight of Cryptocurrency Market
The U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Treasury Department are all pushing for additional funding in the 2025 fiscal year to bolster their supervision…
Nigeria’s SEC Proposes Significant Fee Hike for Crypto Firms Amid Economic Concerns
In response to perceived risks and challenges associated with the cryptocurrency industry, Nigeria’s Securities and Exchange Commission (SEC) has put forward substantial increases to supervision fees for crypto firms. The…
OKX Halts USDT Trading in EEA Ahead of EU Crypto Regulations: A Strategic Shift Towards Euro Adoption
As the European Union (EU) gets ready to adopt a complete legal framework for cryptocurrencies, OKX is gradually discontinuing trading pairs for tether (USDT -0.06% USDT -0.06) in the European…
Indian Finance Minister Sitharaman Advocates for International Crypto Regulation
With regard to Bitcoin (BTC) and other digital assets, Indian Finance Minister Nirmala Sitharaman has adopted a strong stance, stressing that they should not be regarded as currencies. Sitharaman states…
Breaking Ground: Dubai’s DIFC Leads the Way with New Digital Assets Law
This week, the United Arab Emirates’ tax-free special economic zone, Dubai International Financial Centre (DIFC), announced the adoption of its new Digital Assets Law. The enactments, which include a new…
UK judge determines that Craig Wright is not Satoshi Nakamoto
A U.K. judge declared that Craig Wright is not Satoshi Nakamoto or the writer of the Bitcoin whitepaper. According to a post from the alliance, the case, which was brought…
FinCEN Investigates Alleged $165 Million Cryptocurrency Transaction Linked to Hamas
According to the Wall Street Journal, the US Financial Crimes Enforcement Network (FinCEN) is looking into the $165 million cryptocurrency transaction that was connected to Hamas. In order to prevent…
US Department of Justice Appeals Montenegro Court’s Decision on Do Kwon’s Extradition
In a twist of legal events, the U.S. Department of Justice (DOJ) has opted to challenge the recent Montenegrin high court ruling favoring the extradition of Do Kwon, the former…
Wyoming enacts legislation to establish a nonprofit legal framework for DAOs
The Decentralised Unincorporated Nonprofit Association Act was signed into law on Thursday by Governor Mark Gordon of Wyoming. This gives DAOs with 100 members or more a framework for converting…
Singapore has approved Bitstamp Exchange’s license in principle
The Monetary Authority of Singapore (MAS) has granted cryptocurrency exchange Bitstamp the in-principle approval necessary to operate as a Major Payment Institution. This announcement was made on Wednesday. In accordance…
Binance Suspends Services in Nigeria
The cryptocurrency exchange Binance declared that it will no longer offer any NGN-related services. The company announced today that all leftover NGN balances in Binance users’ accounts will be immediately…
Multichain to Wind up as Fantom Seeks Recovery of Missing or Frozen Assets
Fantom Foundation, a blockchain platform for decentralised finance has revealed on its blog that it intends to ask the court to dissolve Multichain Foundation in order to retrieve funds that…
Upcoming September 2024: FSC Plans to Draft New Digital Asset Regulations for Taiwan
In September 2024, the Financial Supervisory Commission (FSC) of Taiwan plans to submit a revised draft of the nation’s digital asset legislation. According to Huang Tien-mu, chairman of the FSC,…
Hong Kong’s Crypto Landscape Flourishes with 22 Major Firms Applying for Exchange Licenses
In an effort to solidify its position as a leading crypto hub in the region, Hong Kong has witnessed a surge in applications from 22 prominent crypto firms seeking licenses…
England’s Legal Landscape: Draft Legislation Proposes Treating Crypto as Property
In a significant move, England’s Law Commission is soliciting public opinions on proposed legislation that would officially recognize cryptocurrencies as property. The commission, responsible for reviewing and suggesting legal modifications…
Former Terraform Labs CFO Extradited to South Korea: Unraveling the Aftermath
In a significant turn of events, Han Chang-joon, the former Chief Financial Officer of Terraform Labs, has been extradited to South Korea by Montenegrin Police following the completion of his…
Hong Kong’s Crypto Investors on Notice: Verify Platform Licenses Before Key Deadline
Hong Kong’s Securities and Futures Commission (SFC) has issued a crucial advisory to crypto trading platforms, making it mandatory for them to either apply for licenses by February 29 or…
SEC Files Charges Against Founder of American Bitcoin Academy in $1.2 Million Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has brought charges against Brian Sewell, the founder of the American Bitcoin Academy, for orchestrating a fraudulent cryptocurrency scheme that allegedly siphoned $1.2…
Coinbase Bolsters Advisory Board with Former UK Chancellor Amid Regulatory Hurdles
In a strategic maneuver aimed at bolstering its resilience amid ongoing legal battles, Coinbase, a leading cryptocurrency exchange, has enlisted the expertise of George Osborne, the former UK Chancellor, to…