Regulation

FalconX Agrees to $1.8 Million Settlement with CFTC

FalconX, a cryptocurrency trading firm, has agreed to pay $1.8 million in penalties to resolve charges from the Commodity Futures Trading Commission (CFTC). The...

OKX Expands in Australia with New Local Regulatory Approval

Crypto exchange OKX is enhancing its services in Australia by establishing a locally regulated entity, OKX Australia, to cater specifically to the Australian market....

Bribery Allegations Threaten Foreign Investment in Nigeria

Recent allegations of bribery and the detention of Binance executives in Nigeria could potentially hinder the nation's efforts to attract foreign investment, according to...

U.S. House Set to Vote on Crypto Regulation Bill FIT21

The U.S. House of Representatives is poised to vote on a significant piece of cryptocurrency legislation, the Financial Innovation and Technology for the 21st...

SEC Challenges Coinbase’s Appeal Strategy in Ongoing Lawsuit

The U.S. Securities and Exchange Commission (SEC) has responded strongly to Coinbase's request for an interlocutory appeal in their ongoing legal dispute, accusing the...

Kraken Seeks Dismissal of SEC Lawsuit

Crypto exchange Kraken has requested a U.S. court to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC), arguing that accepting the...

Hong Kong Businessman Detained for Crypto Investor Kidnapping

Hong Kong police have detained a 70-year-old businessman and his 30-year-old son after they surrendered to authorities over their alleged involvement in the kidnapping...

Taiwan Proposes Stringent AML Regulations for Crypto Firms

Taiwan is taking decisive steps to tighten Anti-Money Laundering (AML) controls for cryptocurrency firms, as the Ministry of Justice has introduced substantial amendments to...

U.S. House Votes to Overturn SEC Crypto Policy

The U.S. House of Representatives has voted in favor of a resolution to overturn the SEC's cryptocurrency accounting policy, Staff Accounting Bulletin No. 121...

Former Digitex CEO Admits to Violating Bank Secrecy Act

Adam Todd, the founder and former CEO of Digitex Futures Exchange, has pleaded guilty to charges of failing to establish an Anti-Money Laundering (AML)...

Nigeria to Ban Peer-to-Peer Crypto Trading in Naira

Nigeria is actively preparing to impose a ban on peer-to-peer (P2P) cryptocurrency trading involving its national currency, the naira. This action forms part of...

ATO Targets 1.2 M Crypto Exchange Users in Tax Compliance

The Australian Taxation Office (ATO) is taking significant steps to ensure tax compliance among cryptocurrency traders, seeking personal and transactional data from approximately 1.2...