crypto regulations

Cryptocurrency exchanges in Japan are rallying for the softening of restrictions on margin trading, despite the tumultuous crash of the global digital asset market last year. A considerable number of industry professionals are advocating for the authorization of retail investors to employ leverage...

The Federal Deposit Insurance Corporation (FDIC) has accused cryptocurrency exchange OKCoin of making false and misleading claims regarding its insured status. This week, the FDIC sent a cease-and-desist letter to OKCoin, demanding the immediate correction of the claims. Allegations...

New York-based digital assets platform Bakkt has decided to remove three major cryptocurrencies Solana (CRYPTO: SOL), Polygon (CRYPTO: MATIC), and Cardano (CRYPTO: ADA) from its listings. This move comes not long after Bakkt acquired Apex Crypto, a trading infrastructure...

Stablecoin firm Circle Internet Financial, which issues USD Coin (CRYPTO: USDC), Thursday announced that it has enlisted the services of Heath Tarbert, a former regulator, as its chief legal officer and head of corporate affairs. This strategic acquisition comes at a time when Circle, which...

Binance Australia announced it will halt Australian Dollar (AUD) bank transfers. Consequently, trading pairs with AUD on Binance have been suspended as of June 1. This move inhibits the ability of Binance users in Australia to make deposits or withdrawals in AUD through bank transfers....

First Digital, a Hong Kong-based trust company and authorized custodian, announced the introduction of its new U.S. dollar-pegged stablecoin, which will be governed by regulations in Asia. What Happened: The stablecoin, named First Digital USD or FDUSD, is planned to be fully backed by U....

The Reserve Bank of India (RBI) has expressed its intent to broaden the global discourse on cryptocurrencies, aiming to go beyond just "financial stability and integrity" and delve into the "macro-financial and cross-sectoral implications and risks of crypto-assets." This...

The first quarter of 2023 saw a remarkable 70% decrease in cyberattacks on crypto projects and token protocols as compared to the same period last year, Coindesk reported citing security firm TRM Labs. Lower amounts were stolen in the first three months of 2023 compared to any quarter of 2022 due...

Japan is adopting enhanced measures to combat money laundering, notably, the "travel rule" advocated by the Financial Action Task Force (FATF). The regulation mandates Virtual Asset Service Providers, or VASPs, to share identifying details about the sender and recipient for all crypto...

Crypto trading platform Hotbit announced it will cease operations starting May 22, urging its users to withdraw their funds before June 21, 4 a.m. UTC. Hotbit shared in a public statement that its business environment worsened following an investigation into a former team member back in August...

Pakistan's official approach towards cryptocurrencies is becoming increasingly strict, despite the continued enthusiasm from its citizens who seek a hedge against the depreciating national currency amid the country's volatile political climate. During a meeting with the Senate Standing...

French officials have been touting a regulatory framework that offers relative predictability for crypto companies, especially those fleeing regulatory uncertainty in the U.S. What Happened: France currently boasts around 74 registered crypto companies. That number could surge to 100 as firms seek...

Coinbase Global Inc. (NASDAQ: COIN) is taking steps to prevent the SEC from filing a lawsuit against the firm, emphasizing the challenges the agency might face in such a legal battle. In a detailed response to the SEC's March Wells Notice, which indicated the regulatory agency's intention...

Faruk Fatih Özer, the CEO of the now-defunct Turkish crypto exchange Thodex, has been captured by authorities in Albania and is likely to be extradited to Turkey, as confirmed by Turkey's Interior Ministry. Before ceasing its operations unexpectedly in April 2021, Thodex was among Turkey...

The European Union lawmakers on Thursday voted overwhelmingly in favor of two new laws related to the regulation of cryptocurrencies. The first law, known as MiCA, establishes a comprehensive crypto licensing regime that requires wallet providers and exchanges to obtain a license to operate...