Regulation

Hong Kong Central Bank Launches Wholesale CBDC for Tokenization Market

Hong Kong's Monetary Authority (HKMA) has announced the initiation of Project Ensemble, a groundbreaking wholesale central bank digital currency (wCBDC) initiative designed to enhance...

BlockFi and FTX Reach Tentative $874M Settlement Agreement

Bankrupt cryptocurrency firms BlockFi and FTX have come to a preliminary settlement, where FTX has agreed to compensate BlockFi with up to $874.5 million....

Binance.US Faces SEC Scrutiny Over Information Sharing

The U.S. Securities and Exchange Commission (SEC) has raised concerns that Binance.US, the American branch of the global cryptocurrency exchange, has not been forthcoming...

Bitstamp Sets Its Sights on Singapore with Regulatory Approval

European cryptocurrency exchange Bitstamp has marked a significant milestone by receiving in-principle approval from the Monetary Authority of Singapore (MAS). This nod from MAS...

Binance Ends Operations with Nigerian Naira Amid Regulatory Challenges

Binance, a leading global cryptocurrency exchange, has announced its exit from the Nigerian market, signaling an end to all transactions involving the Nigerian naira...

Grayscale Unveils Crypto Staking Fund Amidst Bitcoin Rally

Grayscale, the prominent investment firm known for managing the largest spot Bitcoin ETF, has launched a groundbreaking fund dedicated to cryptocurrency staking. The Grayscale...

Nexo Gains Initial Approval for Digital Asset Services in Dubai

Nexo, a prominent player in the digital asset service industry, has achieved a significant regulatory milestone by obtaining initial approval to operate as a...

Virginia Advances to Become a Leading Crypto-Friendly State

Virginia is making significant strides towards embracing the blockchain and cryptocurrency sector, marked by the Virginia Senate's passage of a bill aimed at exploring...

Chinese Syndicates Turn to Crypto, Laundering Billions from Scams

Chinese crime syndicates are increasingly using cryptocurrencies to launder billions of dollars garnered from illicit activities, including drug trafficking and scam operations targeting American...

Hong Kong’s SFC Cracks Down on Fake Crypto Exchange Websites

Hong Kong's Securities and Futures Commission (SFC) has taken significant action against fraudulent websites masquerading as reputable local cryptocurrency exchanges. In a proactive move...

Taiwan Sets September Deadline for New Digital Currency Regulations

Taiwan is gearing up to introduce a new set of digital currency laws in September 2024, according to a recent announcement by the Financial...

Binance  Summoned by Nigerian Authorities Over Financial Crime 

The Nigerian House of Representatives Committee on Financial Crimes has demanded the presence of Richard Teng, CEO of Binance, amid allegations of terrorism financing...