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FCA Secures First Conviction for Illegal Crypto ATM Operation in UK

1.10.2024
Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under...

Australian bank joins Project Guardian to explore RWA tokenization

1.10.2024
Major Australian bank ANZ is interested in exploring how it can move its Australian dollar-backed A$DC stablecoin between blockchains

Digital-Asset Manager Kin Launches $100M Tokenized Real Estate Fund on Chintai Network

30.9.2024
Fund tokenization is one of the frontiers of bringing real-world assets to blockchain rails in pursuit of greater efficiency, lower costs and faster settlements

Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These Schemes

30.9.2024
The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec....

Dubai Regulator Increases Scrutiny on Crypto Companies

27.9.2024
Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented stricter regulations for crypto companies to enhance investor protection and ensure transparency. The new rules require firms to include risk warnings in marketing materials, obtain necessary licenses, and adhere to compliance...

Telegram Wallet temporarily blocked for UK users due to restructuring

25.9.2024
Telegram users in the United States are also restricted from using the platform's in-app wallet due to financial regulations

Wallet in Telegram app temporarily blocked for UK users due to restructuring

25.9.2024
Telegram users in the United States are also restricted from using the Wallet in Telegram app due to financial regulations

OKX Singapore's New CEO Says Custodian Arrangements Were ‘Most Important, Most Difficult’ Part of MPI License

19.9.2024
Crypto custodianship has been in the spotlight since the collapse of FTX

Onedegree, Dubai Insurance Launch Digital Asset Custodial Insurance for UAE Clients

14.9.2024
Onedegree, an Asian digital assets insurer, and its UAE partner, Dubai Insurance, have started offering digital asset custodial risk insurance to clients in the UAE. This new product, approved by the Central Bank of UAE, expands both companies’ product portfolio and offers a comprehensive...

Judge says CFTC exceeded its authority halting Kalshi election bets

12.9.2024
According to Judge Jia Cobb, having Kalshi offer contracts on “whether a chamber of Congress will be controlled by a specific party in a given term” was not unlawful

CFTC Has No Authority to Reject Election Contracts, Judge Says

12.9.2024
Elections are not a form of "gaming," so the agency should not have conducted a public review of Kalshi's political prediction markets, the judge wrote

Regulators Partner to Bolster UAE’s Crypto Hub Status

11.9.2024
United Arab Emirates (UAE) regulators, SCA and VARA, have signed a cooperation agreement to strengthen the country’s position as a virtual assets hub. The agreement outlines licensing requirements for VASPs, establishes mutual supervision mechanisms, and aims to foster a stable and regulated...

Standard Chartered Launches Bitcoin and Ethereum Custody in UAE

11.9.2024
Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first...

87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls

6.9.2024
Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence

Okx Approved to Provide Cross-Border Payment Services in Singapore

3.9.2024
Global crypto exchange Okx has secured a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), allowing it to offer digital payment token services. Gracie Lin, the newly appointed CEO of Okx’s Singapore entity (Okx SG), highlighted the significance of this...

Slow FCA processing at odds with UK's crypto ambitions — Report

30.8.2024
Crypto firms may want to register somewhere they can receive more prompt attention, law firm warns

Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions

29.8.2024
The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies. The HKMA will collaborate with other regulators and industry players...