Regulatory Updates
Russia Advocates Crypto Solutions for International Payments Amid Sanctions
Amid escalating Western sanctions, Russia’s central bank is advocating the use of cryptocurrencies and other digital assets to facilitate...
EU-U.S. Financial Regulatory Forum: A Milestone in Transatlantic Cooperation
On 25-26 June, 2024, the EU–U.S. Joint Financial Regulatory Forum concluded a productive meeting hosted by the European Commission and the U.S....
CFTC Wins Landmark Case Against Crypto Fraudsters: Over $120 Million Ordered in Penalties
In a recent victory for market integrity, the Commodity Futures Trading Commission (CFTC) announced on 3 July, 2024, that Judge Mary Rowland of the...
Binance Enhances Trading Environment by Delisting Low-Performance Pairs
Binance, one of the leading global cryptocurrency exchanges, has announced it will refine its trading offerings by delisting certain spot trading...
Bittensor Blockchain Temporarily Suspended Amid Security Breach, Aims for Revolutionary Decentralized AI
On Tuesday, the Bittensor blockchain, known for its cutting-edge decentralized artificial intelligence (AI) technology, experienced a significant...
Paxos Gains Full Approval from MAS to Offer Digital Payment Token Services
Paxos has received full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token (DPT) services, marking a significant...
Circle Achieves Compliance with EU Crypto Regulations, Paving the Way for Global Stablecoin Expansion
On Tuesday, 2 July, 2024, Circle, the issuer of USD Coin (USDC) and Euro Coin (EURC) stablecoins, announced a groundbreaking achievement in the...
Bolivia Central Bank Updates Regulations to Include Virtual Asset Transactions
On 26 June, 2024, the Central Bank of Bolivia, Banco Central de Bolivia (BCB) issued Press Release CP35/2024, with significant updates to...
Denmark Considers Regulating Self-Custody Bitcoin Wallets and DeFi Interfaces, Sparking Industry Debate
Denmark is taking a significant step in the cryptocurrency world by considering regulations for self-custody Bitcoin wallets and decentralized...
ATO Tightens Crypto Tax Compliance with Enhanced Data Collection Program
The Australian Tax Office (ATO) is closely tracking crypto gains as the financial year ends on June 30, 2024. This year, the ATO has significantly...
Ripple President Monica Long Discusses Ripple’s Future and XRP ETF Prospects Amid Legal Battles
Monica Long, president of Ripple on 25 June, 2024, illuminated the company's advancements and future opportunities in light of a favorable court...
Singapore MP Tin Pei Ling Joins MetaComp as Co-President, Eyes Sustainable Finance Growth
Tin Pei Ling, the Singapore Member of Parliament for MacPherson, has taken on a new role as co-president of MetaComp, a digital payment token...