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US Prosecutors to Appeal Montenegrin Court’s Decision to Extradite Do Kown to South Korea
8.3.2024
US prosecutors aim to appeal the Montenegrin High Court's decision to extradite former cryptocurrency mogul Do Kwon to South Korea to face charges related to the $40 billion collapse of the TerraUSD stablecoin in 2022.
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Worldcoin Ordered to Stop Operations in Spain
8.3.2024
Worldcoin, the biometric identity project, has been banned from operating in Spain for up to three months, according to a press release from the Spanish data agency, the AEPD. The agency will also require Worldcoin to stop using the already collected data from Spanish citizens, utilizing...
Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets
8.3.2024
Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country.
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SEC Chair Gensler Cautions About Crypto Investing — Warns ‘Thousands’ of Crypto Tokens May Be Securities
8.3.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has cautioned about crypto investing. “This is a highly speculative asset class. One could just look at the volatility of bitcoin in the last few days,” he stressed, warning that thousands of crypto tokens may...
Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval
7.3.2024
Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell Assures No Direct Fed Accounts in CBDC Plans, Seeks Congressional Go-Ahead In...
Shapeshifting Justice: The SEC’s Weakest Case Yet
7.3.2024
Nigeria’s Central Bank Partners with Gluwa to Boost eNaira Amid Global Regulation Changes
7.3.2024
The Nigerian Central Bank has partnered with the blockchain-based financial platform Gluwa Nigeria to increase the adoption of its digital currency, the eNaira. This move seeks to address financial inclusion challenges and provide credit access to unbanked individuals.
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Entry of Tradfi Institutions Can Help Reshape User Perceptions Towards Crypto — Sami Start
7.3.2024
The recent adoption of cryptocurrency by traditional financial (tradfi) institutions is likely to reshape user perceptions of this asset class and may even foster broader acceptance of blockchain technology, Sami Start, co-founder and CEO of the crypto trading platform Transak, has argued. Start...
US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions
7.3.2024
A U.S. district judge has sided with the Securities and Exchange Commission (SEC) in a ruling that declares the trading of certain crypto assets on secondary markets to be securities transactions. This decision emerged from an insider trading case involving crypto exchange Coinbase’s former...
SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation
7.3.2024
The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the regulatory framework for crypto assets, with SEC Commissioners Hester Peirce and Mark Uyeda...
No Bitcoin ETF Without Further Crypto Regulation, Says South Korean FSS Chief
7.3.2024
No Bitcoin ETF will gain approval in South Korea unless the government introduces new crypto rules, the head of the Financial Supervisory Service (FSS) said on March 5.
The post No Bitcoin ETF Without Further Crypto Regulation, Says South Korean FSS Chief appeared first on Cryptonews
Behnam Reiterates Call for Congressional Action on Crypto Regulation During House Committee Hearing
6.3.2024
Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), has reiterated his call for Congress to pass legislation clarifying cryptocurrency regulation. The call for congressional action was presented during Wednesday's hearing before the House Agriculture Committee.
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Hong Kong Reiterates Unlicensed Cryptocurrency Platforms Will Be Expelled by June
6.3.2024
Unlicensed cryptocurrency platforms will not be allowed to operate in Hong Kong starting next June, according to the Securities and Futures Commission (SFC). The commission closed the period for these institutions to introduce their applications to obtain a license on February 29 and will...
Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai
6.3.2024
On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous city. Nexo Gains Initial VARA...
Binance to Exit Nigerian Market, Discontinues All NGN Services
5.3.2024
Binance has revealed plans to exit the Nigerian market, discontinuing all services involving the local fiat currency, the Nigerian naira (NGN).
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Crypto Lender Nexo Secures First Regulatory Victory in Dubai
5.3.2024
Nexo, a company offering digital asset services, has won initial approval as a licenced entity in Dubai from the region's Virtual Assets Regulatory Authority (VARA), it announced Tuesday
FSC Plans New Digital Asset Regulations Draft for Taiwan in September 2024
4.3.2024
The Financial Supervisory Commission (FSC) of Taiwan has announced its intention to propose a new draft of digital asset regulations for the country in September 2024.
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Hong Kong SFC Warns of Websites Impersonating Regulated Crypto Exchanges
4.3.2024
The Hong Kong Securities and Futures Commission (SFC) issued a public warning today, urging investors to be cautious of suspicious websites impersonating legitimate virtual asset trading platforms.
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The Nigerian Government and Binance: The Way Forward — CMO of Flincap
3.3.2024
The promise of the blockchain and cryptocurrency still remains strong. Globally, there continues to be growing interest in the blockchain and peer-to-peer exchanges. We are seeing the institutional adoption of crypto and a rise in interest in retail adoption, too. We have seen the example in...
SEC’s Hester Peirce Criticizes Agency’s Crypto Approach as “Strange”
2.3.2024
US Securities and Exchange Commissioner Hester Peirce has reiterated her criticisms of her own agency's approach to cryptocurrencies in a recent appearance at ETH Denver.
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