Category: Policy and Regulation
Montenegro Court Reverses Decision on Do Kwon’s Extradition Amid Legal Controversies
In a significant legal turn, the Appellate Court of Montenegro has revoked the extradition approval for Do Kwon, the founder of Terraform Labs, citing procedural irregularities in the November decision….
UK Unveils Regulatory Framework for Digital Securities Sandbox, Effective January 2024
The United Kingdom has taken a significant stride in shaping the future of its digital assets sector with the introduction of new regulations governing the Digital Securities Sandbox (DSS). This…
SEC Extends Evaluation Period, Delays Decision on Multiple Ethereum ETFs Until Mid-2024
In a recent announcement, the Securities and Exchange Commission (SEC) has once again deferred its decision on the Hashdex Nasdaq Ethereum ETF, extending the evaluation period until mid-2024. Despite the…
Latest updates on Bitcoin ETFs
An investment vehicle known as a Bitcoin ETF tracks the price of the cryptocurrency and gives investors exposure to it without requiring them to purchase and hold it themselves. Traditional…
Coinbase Expands Crypto Assets Support with USD SWIFT Transfers in Singapore
Coinbase has improved the conversion between cash and cryptocurrency by introducing USD transfers via the SWIFT network in Singapore. By enabling transfers in US dollars (USD), Coinbase has grown its…
Court Approval for FTX to Sell $744 Million in Grayscale Trust Assets Granted
According to a bankruptcy court filing filed on Friday, bankrupt cryptocurrency exchange FTX just gained consent from a bankruptcy court to sell its shares in digital trusts administered by Grayscale…
Binance agrees to a $4.3B settlement in the US. Changpeng Zhao “CZ” steps down as CEO.
As part of a $4.3 billion deal with the government, Binance’s founder and CEO, Changpeng “CZ” Zhao, agreed to resign after the company was charged with criminal charges in the…
Binance Announces a Large-Scale Delisting of Stablecoins as Lawyers Attempt to Decipher EU’s MiCA
The cryptocurrency world is buzzing with excitement and uncertainty as the European Union’s Market in Crypto Assets (MiCA) regulations draw near. The new rules are poised to come into effect…
Hong Kong likely to roll out stablecoin rules by 2024
Speaking at a forum in Shanghai, Hong Kong lawmaker Duncan Chiu said that the region is presently in the middle of a second round of consultations for forming rules to…
Coinbase Issued Clarifications after Circulating Reports talked about the company Halting Operations in India
The cryptocurrency exchange platform, Coinbase recently found itself in the spotlight with reports hinting at a potential halt of its services for Indian customers. This news sent shock waves across…
Google Announces an Update in its Cryptocurrency Advertisement Policy Permitting NFT Games Ad from September 15
The market for cryptocurrency and non-fungible tokens (NFTs) is growing at an exponential rate with even major companies like Google recognizing its significance. As per Google’s recent announcement on the…
PM Modi stresses “integrated approach” toward cryptos at B20 Summit
India’s Prime Minister Narendra Modi called for a global framework on cryptocurrencies and the ethical use of pioneering technology like artificial intelligence. Modi made the statement while addressing a gathering…
Hong Kong police arrest 458 in laundering proceeds of 314 crimes
The Hong Kong Police recently arrested 458 persons in connection with a massive organized money laundering scam. The scam was busted following a sting operation coordinated by the Triad. According…
IRS rolls out proposed rules for the sale of digital assets by brokers
The Internal Revenue Service, the government body looking after tax collections in the US, recently rolled out a set of proposed regulations that would determine the sale and exchange of…
Accused of ‘FCPA violations’ in China, 3M fined $6.5 million
The US Securities and Exchange Commission (SEC) came down heavily on 3M for allegedly bribing officials of a Chinese hospital by sponsoring extravagant business trips for them. The regulatory body…
Binance Limits Fiat Withdrawals in Europe Due to Issues Related to SEPA Transfer
The cryptocurrency news is flooded with Binance’s decision to limit fiat withdrawals in Europe. Binance, one of the giant cryptocurrency exchange platforms, has recently made it to the headlines with…
UK makes Travel Rule mandatory for all crypto businesses from September 1
Come September 1 and crypto asset companies operating in the United Kingdom would now have to comply with the Financial Action Task Force (FATF) rules for curbing money laundering and…
Odisha police make another arrest in $120-million STA token scam
The Economic Offences Wing of Odisha Police arrested a 45-year-old man in alleged connection with the $120-million crypto ponzi scheme involving the Solar Alliance (STA) Token. The accused was identified…
Central Bank of Brazil Announces the Launch of Its Own Digital Currency, DREX
The world has witnessed a large-scale adoption of cryptocurrencies in recent times. While some countries still have a restrictive approach towards decentralized finance (DeFi), others are liberal owing to the…
HashKey bags first crypto retail trading license in Hong Kong
Leading crypto financial services group HashKey Exchange became the first enterprise to be granted a crypto trading license under Hong Kong’s new licensing regulations. The new license would enable the…