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Nigeria Increases Capital Requirements for Currency Dealers Nearly Sixtyfold to $1.4 Million
25.5.2024
The Central Bank of Nigeria has increased the capital requirements for national bureau de change operators from approximately $24,000 to $1.4 million. The central bank has given operators a six-month period to comply and they must apply for new licenses. The bank’s director for risk management...
Kraken Says No Plans to Delist Tether’s USDT Stablecoin in Europe
20.5.2024
Cryptocurrency exchange Kraken reassured users it has no plans to delist USDT in Europe and will continue to follow all legal requirements.
The post Kraken Says No Plans to Delist Tether’s USDT Stablecoin in Europe appeared first on Cryptonews
Taiwan proposes tougher AML measures for crypto service providers
9.5.2024
Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance
Marathon Digital, Kenyan government discuss crypto policy, energy use
6.5.2024
The Kenyan president announced the talks at an American business summit in Nairobi attended by the U.S. commerce secretary
Helldivers 2 Players Mad Over New PSN Steam Requirements
3.5.2024
Among the myriad scourges that make playing games in 2024 so tiresome, the need for multiple different accounts to various services ranks high. Helldivers 2 players have just been told by Sony that come next week, they’ll have to link their Steam account with a PlayStation Network account...
Singapore Enacts Licencing Requirements for Crypto Custody Services and Others
2.4.2024
Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday
Crypto Markets Require Transparency, Says SEC Chair Gary Gensler
23.3.2024
The US Securities and Exchange Commission (SEC) Chair Gary Gensler has criticized crypto industry participants for avoiding registration requirements with the regulator.
The post Crypto Markets Require Transparency, Says SEC Chair Gary Gensler appeared first on Cryptonews
Crypto Trading Platform Bakkt Faces NYSE Delisting Risk Over Compliance Issues
14.3.2024
Crypto trading platform Bakkt received a warning from the New York Stock Exchange regarding compliance with stock price requirements, it said Wednesday.
The post Crypto Trading Platform Bakkt Faces NYSE Delisting Risk Over Compliance Issues appeared first on Cryptonews
Binance Implements Price Cap for USDT on Nigerian P2P Platform to Comply with Local Regulations
21.2.2024
Binance has introduced a price cap for Tether (USDT) tokens on its peer-to-peer (P2P) platform in Nigeria in order to comply with local regulatory requirements.
The post Binance Implements Price Cap for USDT on Nigerian P2P Platform to Comply with Local Regulations appeared first on Cryptonews
ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator
16.2.2024
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that,...
Thailand’s SEC Orders Zipmex to Suspend Trading and Brokerage Services
2.2.2024
Thailand’s Securities and Exchange Commission instructed cryptocurrency exchange Zipmex to temporarily suspend its digital asset trading and brokerage services beginning February 2. In a February 1 announcement, the SEC said that Zipmex has been given a 15-day period to fix its financial position...
Avalanche Announces Eligibility Criteria for Meme Coin Purchasing Program
25.1.2024
The Avalanche Foundation, a non-profit organization seeking to support the avalanche ecosystem, has announced the rules covering its already active meme coin purchasing program. The institution has defined the holder count, concentration, liquidity, liquidity providers, lifespan, and market...
Canadian Regulator Proposes Rules for Crypto-Centric Public Investment Funds
19.1.2024
Source: Pixabay The Canadian Securities Administration (CSA), the country’s securities watchdog, has proposed new regulatory requirements for public investment funds that looks to invest in crypto assets. In a report released Thursday, the regulator announced certain rules that would restrict...
EU Provisional Agreement: Crypto Asset Service Providers Added to Obliged Entities List
19.1.2024
As per the provisional agreement struck between the European Union Council and Parliament, crypto asset service providers will be obliged to verify facts and information on users whose transactions exceed $1,090. According to the Belgian Finance Minister, the new requirements will “ensure...
Fantom Reduces Validator Requirement to 50k FTM, Prioritizes Decentralization
16.1.2024
Source: Adobestock Fantom Network has announced a 90% reduction in validator requirements, taking the assets needed to run a self-staking node to 50,000 FTM from 500,000 FTM. The company wrote on X (formerly Twitter) about the new developments, informing its community of changes, reasons, and...
Fantom Slashes Validator Staking Requirements by 90%, FTM Prices Unchanged
16.1.2024
The move could help improve network security as validators are more widely distributed across the world, developers said
Congressman Warren Davidson Rails Against Treasury’s ‘Red Herring Arguments’ On Crypto
12.1.2024
Warren Davidson, Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion of the House Financial Services Committee, has rejected the policy suggestions made by the U.S. Treasury on crypto assets, stating these seek to ban digital assets in the U.S. using unworkable...
Controversy Arises as Genesis Creditors Challenge DCG’s Claim of Full Debt Repayment
10.1.2024
Genesis Global Source: AdobeStock / Timon Digital Currency Group (DCG) is facing allegations from an ad hoc group of lenders, claiming that DCG has not fulfilled its repayment requirements to its bankrupt subsidiary, Genesis Global. Despite DCG’s recent announcement on X that it had fully...
New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be Reported to IRS Within 15 Days
3.1.2024
A new tax reporting law has entered into force in the U.S. Starting on Jan. 1, all Americans receiving $10,000 or more in crypto in the course of their trade or business must file a report with the Internal Revenue Service (IRS) within 15 days. “If you don’t file a report within...
Crypto Investors Beware: IRS Crypto Tax Reporting Rules for $10k+ Transactions Now in Effect
2.1.2024
The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1. These new Internal Revenue Service (IRS) rules mandate that cryptocurrency brokers report personal information on digital asset transactions over...