Tornado Cash Co-Founder Files Motion to Dismiss Money Laundering Charges

by Александр Пирогов | Apr 1, 2024 | Blog News

Roman Storm, co-founder of the cryptocurrency mixer Tornado Cash, has filed a motion to dismiss all three charges against him alleging money laundering and violations of the International Emergency Economic Powers Act. Storm’s lawyers argue that he cannot be...

Tinkoff Bank Secures License to Issue Digital Financial Assets in Russia

by Александр Пирогов | Apr 1, 2024 | Blog News

Tinkoff Bank, one of Russia’s major banking players, has obtained a license to issue and sell “digital financial assets” (DFAs) in the country. The Central Bank of Russia added Tinkoff to its list of approved DFA operators on March 28, as reported by...

EU’s MiCA Regulation Sparks Changes in Stablecoin Landscape

by Александр Пирогов | Apr 1, 2024 | Blog News

The impending implementation of Europe’s Markets in Crypto-Assets Regulation (MiCA) has prompted significant disruptions in the stablecoin sector, with offshore stablecoins facing challenges and exchanges adapting to comply with the new regulatory framework. The...

Binance-Affiliated HKVAEX Withdraws License Application from Hong Kong SFC

by Александр Пирогов | Apr 1, 2024 | Blog News

On March 28th, HKVAEX, a crypto exchange affiliated with Binance and based in Hong Kong, withdrew its license application from the Hong Kong Securities and Futures Commission (SFC). The SFC had set a deadline for all crypto exchanges to apply for operational licenses...

Portugal Halts WorldCoin’s Biometric Data Collection Amid Privacy Concerns

by Александр Пирогов | Apr 1, 2024 | Blog News

Portugal has imposed a temporary halt on WorldCoin, a project led by Sam Altman, from collecting biometric data, highlighting growing global concerns over privacy and data protection rights. WorldCoin aims to create a unique digital ID and financial network using...

Elon Musk’s X Platform Obtains Money Transmitter Licenses in 23 States, Plans Peer-to-Peer Payments

by Александр Пирогов | Mar 29, 2024 | Blog News

Elon Musk’s X platform has made significant strides since its acquisition in late 2022, securing money transmitter licenses from 23 states, including Louisiana, Michigan, Arizona, Wyoming, and Ohio. The platform, envisioned as an “everything app,”...