Regulation

In what appears to be a veritable crusade against unlawful monetary transactions, the German authorities have pulled down 47 cryptocurrency exchanges believed to exist solely in the caravan of criminal conduct. Some of these exchanges had long been under regulatory authorities’ radar over ponzy schemes and money laundering activities before the shutdowns began.  The latest…

The attorney general of Brazil has come out openly endorsing the possibility to suspend operation of X. The platform is in news as of late, because of the controversy it has generated regarding the spread of fake news.  As concerns grow, the Brazilian government is looking to regulate information that is fake news, especially in…

The Worldcoin is a less known project that is headed by the CEO of OpenAI, Sam Altman. It has received attention across the world and has been associated with privacy issues. Since it aims at implementing a decentralized system for identity verification through the use of scanning of the iris, the project is facing criticisms…

It is worth noting that UK courts recently classified Tether (USDT) as property under the law. This is a tremendously positive measure for the digital asset industry as it is the first time the court in England has come to this conclusion after a trial. The case provides a clear guideline regarding the treatment of…

Hong Kong’s Securities and Futures Commission is adjusting its regulatory approach with regard to cryptocurrencies. The expansion of the market of digital assets became a reason for reconsidering the rules and increasing the activity of the SFC. These changes would affect the way OTC cryptocurrencies’ transactions occur and how the market players are regulated. These…

The UK has recognized the potential in this market and has been opening up to it with the newly passed legislation seeking to regulate the Cryptocurrency market. The world economy is currently in the process of formulating well-coordinated legislation for digital currencies, so a significant victory was won by the British community of cryptocurrency users. …

Singapore is increasing its focus on the prevention of money laundering by banning crypto casinos. This major step by the MAS (Monetary Authority of Singapore), is an effort to reduce the embrace of crypto casinos in unlawful transactions.  The decision made by the regulatory body leaves no doubt that Singapore intends to sustain its position…

In one of the most high profile cases, the UK’s Financial Conduct Authority (FCA) has cracked down on a man alleged to have been operating illegal crypto ATMs. The man whose identity remained anonymous was charged on the 10th of September 2024, thus being one of the few UK firsts in relation to crypto ATM…

Swiss-based crypto bank Amina has recently received the VASP license in Austria. This can be considered as a turning point for the company that is interested in the further development of its services in Europe.  Securing this license enables Amina to fit into the rapidly growing Austrian crypto market and provide the following services; which…

The Indonesian exchange Tokocrypto, which is owned by the Binance Group, has recently gained a Physical Crypto Asset Trader (PFAK) license on its home turf. This is a big step in the compliance processes of Tokocrypto and Binance in Indonesia as it aimed at adapting to the new regulation of cryptocurrency in Indonesia.  Regulatory Approval…

Revelo Intel’s CEO, Nick Drakon, has recently resigned after a terrible armed robbery incident. It also places into spotlight the physical danger crypto executives are exposed to beyond the already notoriously high digital risks that are intrinsic to the crypto space. This arises a number of questions on the safety and security of people dealing…

When the CFTC filed an emergency motion – a request to a federal judge to immediately suspend the election contracts offered by Kalshi for two weeks. The major prediction market platform that is in the middle of this storm is Kalshi that wants to offer election-based contracts.  The CFTC stated that these contracts which let…