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Hong Kong considers new licensing regime for OTC crypto trading
13.9.2024
Hong Kong's SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants
US Treasury Sanctions Cambodian Tycoon Over Crypto Fraud and Trafficking Links
13.9.2024
The U.S. Department of the Treasury has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud. Victims were manipulated into online scam centers, and trafficked workers were forced into labor...
UAE regulators to allow Dubai-licensed VASPs to service entire country
11.9.2024
The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training.
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...
Mansa Partners With Nigerian Blockchain Platform Bitmama to Boost Cross-Border Payments
8.9.2024
The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution...
South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices
5.9.2024
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe...
China Urged to Establish Unified Crypto Regulations for Seized Digital Assets
5.9.2024
A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack of uniform standards complicates asset recovery...
United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’
4.9.2024
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance...
Japan’s Financial Services Agency Includes Crypto in 2025 Tax Proposal
4.9.2024
The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long...
Arbitrum Stylus mainnet launch opens Web3 for traditional coders
3.9.2024
Offchain Labs introduces Arbitrum Stylus on mainnet, enabling DApp development with WebAssembly languages, boosting performance, and lowering gas fees
Arbitrum Stylus mainnet launch opens Web3 for traditional coders
3.9.2024
Offchain Labs introduces Arbitrum Stylus on mainnet, enabling DApp development with WebAssembly languages, boosting performance, and lowering gas fees
Ripple to add smart contracts to XRP Ledger
3.9.2024
The move aims to attract developers and expand XRP Ledger's capabilities, bringing new use cases to its ecosystem
Ripple to add smart contracts to XRP Ledger
3.9.2024
The move aims to attract developers and expand XRP Ledger's capabilities, bringing new use cases to its ecosystem
Amazon to revamp Alexa with Anthropic's Claude AI model: report
2.9.2024
Amazon is set to overhaul its Alexa virtual assistant, integrating Anthropic's Claude AI model to enhance its capabilities, with a new premium version scheduled to launch in October
Chip breakthrough could bring ultra-fast 6G network ‘within a decade’
30.8.2024
This research could have revolutionary implications for tech, especially in the areas of AI, VR, and blockchain
40 Nations Join US and South Korea in Combating North Korean Crypto Crimes
29.8.2024
The U.S. Department of State and the Republic of Korea’s Ministry of Foreign Affairs co-hosted a symposium in New York City on Tuesday, focusing on protecting the virtual asset industry from exploitation by North Korea (DPRK) and disrupting its revenue generation. The event aimed to curb...
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds
23.8.2024
The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which...