The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will be restricted to trading, investment, and corporate treasury purposes […]
SEC mandates final S-1 filings for Ether ETFs by July 16, launch set for July 23. Invesco, Galaxy set fees at 0.25%; VanEck, Franklin Templeton at 0.20% and 0.19% respectively. Analysts predict Ether ETFs could […]
US House voted 228-184 in favor of overriding President Joe Biden’s veto of H.J.Res. 109 on SAB 121. The vote however fell short of required two-thirds majority. The US House of Representatives has failed to […]
Paxful’s lack of AML led to regulatory breaches, prompting leadership changes. Artur Schaback pled guilty to failing to maintain AML and KYC programs at Paxful. Schaback faces up to 5 years in jail and a […]
Nishad Singh and Gary Wang to be sentenced for FTX fraud on Oct. 30 and Nov. 20. Their cooperation in Sam Bankman-Fried’s trial may lead to reduced sentences. Ryan Salame got 90 months for non-cooperation; […]
Starting Monday, July 8th, Kucoin will charge a 7.5% tax on all transactions made by users registered in Nigeria. This decision comes from a regulatory update from the Nigerian SEC. Kucoin exchange took to Twitter […]
Turkey legalizes cryptocurrencies, defining them as “intangible fixed assets.” SPK permission required for crypto organizations, with strict regulatory oversight. Severe penalties for unauthorized activities, enhancing market security and compliance. In a landmark move, Turkey has […]
ACPR grants Circle e-money license for USDC and EURC across EU. Circle is the first stablecoin issuer to get licensed under MiCA regulation. MiCA aims to protect investors with stablecoin transaction limits. Circle has become […]
Australia has banned the use of cryptocurrencies in online gambling The ban came into effect on 11th June with the introduction of the Interactive Gambling Amendment (Credit and Other Measures) Bill 2023 Other countries are, […]
Cardano updates MiCA compliance indicators six months ahead of regulatory deadline. MiCA regulations focusing on stablecoins are already in effect since June 30. However, the broader MiCA regulations impacting crypto asset service providers are set […]
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