Crypto Platforms Withdraw Applications Amid Hong Kong’s Push to Become Crypto Hub

by Александр Пирогов | May 27, 2024 | Blog News

Hong Kong is witnessing a series of cryptocurrency platforms retreat from the city, despite its efforts to establish itself as a regional crypto hub. The latest to withdraw its application for a virtual-asset trading platform license (VATP) is OKX, following similar...

U.S. Representative House Passes CBDC Anti-Surveillance State Act Amid Partisan Debate

by Александр Пирогов | May 27, 2024 | Blog News

The CBDC Anti-Surveillance State Act passed the U.S. House of Representatives on May 23, following a largely partisan vote of 216-192. The bill, which seeks to amend the Federal Reserve Act of 1913, aims to prohibit Federal Reserve banks from offering certain products...

Argentina and El Salvador Forge Bitcoin Regulatory Alliance

by Александр Пирогов | May 27, 2024 | Blog News

Argentinian regulators have initiated discussions with their counterparts in El Salvador regarding Bitcoin (BTC) adoption, the National Securities Commission of Argentina (CNV) confirmed this weekend. This move could signify a significant shift in Argentina’s...

Ex-CEO of Heartland Tri-State Bank Pleads Guilty to Embezzling $47.1 Million for Crypto Purchases

by Александр Пирогов | May 24, 2024 | Blog News

Kansas-based Heartland Tri-State Bank’s former CEO, Shan Hanes, has pled guilty to embezzling $47.1 million, which he used for personal cryptocurrency purchases. This financial misconduct led to the bank’s collapse in July 2023, resulting in a complete...

Binance Executive Tigran Gambaryan Collapses in Nigerian Court During Money Laundering Trial

by Александр Пирогов | May 24, 2024 | Blog News

Tigran Gambaryan, a Binance executive currently detained in Nigeria, collapsed in the Federal High Court in Abuja during his trial for alleged foreign exchange violations and money laundering offenses brought against him by the Nigerian Economic and Financial Crimes...

Worldcoin Foundation Expresses Disappointment Over Hong Kong Ban

by Александр Пирогов | May 24, 2024 | Blog News

The Worldcoin Foundation has voiced its disappointment with the recent decision by Hong Kong regulatory authorities to ban its operations. The foundation asserts that it operates lawfully and fully complies with data privacy laws, including Hong Kong’s Personal Data...