Regulation

Bitstamp Sets Its Sights on Singapore with Regulatory Approval

European cryptocurrency exchange Bitstamp has marked a significant milestone by receiving in-principle approval from the Monetary Authority of Singapore (MAS). This nod from MAS...

Binance Ends Operations with Nigerian Naira Amid Regulatory Challenges

Binance, a leading global cryptocurrency exchange, has announced its exit from the Nigerian market, signaling an end to all transactions involving the Nigerian naira...

Grayscale Unveils Crypto Staking Fund Amidst Bitcoin Rally

Grayscale, the prominent investment firm known for managing the largest spot Bitcoin ETF, has launched a groundbreaking fund dedicated to cryptocurrency staking. The Grayscale...

Nexo Gains Initial Approval for Digital Asset Services in Dubai

Nexo, a prominent player in the digital asset service industry, has achieved a significant regulatory milestone by obtaining initial approval to operate as a...

Virginia Advances to Become a Leading Crypto-Friendly State

Virginia is making significant strides towards embracing the blockchain and cryptocurrency sector, marked by the Virginia Senate's passage of a bill aimed at exploring...

Chinese Syndicates Turn to Crypto, Laundering Billions from Scams

Chinese crime syndicates are increasingly using cryptocurrencies to launder billions of dollars garnered from illicit activities, including drug trafficking and scam operations targeting American...

Hong Kong’s SFC Cracks Down on Fake Crypto Exchange Websites

Hong Kong's Securities and Futures Commission (SFC) has taken significant action against fraudulent websites masquerading as reputable local cryptocurrency exchanges. In a proactive move...

Taiwan Sets September Deadline for New Digital Currency Regulations

Taiwan is gearing up to introduce a new set of digital currency laws in September 2024, according to a recent announcement by the Financial...

Binance  Summoned by Nigerian Authorities Over Financial Crime 

The Nigerian House of Representatives Committee on Financial Crimes has demanded the presence of Richard Teng, CEO of Binance, amid allegations of terrorism financing...

Nigeria Denies Rumors of $10 Billion Fine Against Binance

A representative from the Nigerian government, Bayo Onanuga, has recently addressed rumors regarding a supposed $10 billion fine against the cryptocurrency exchange, Binance. Onanuga,...

UK to Empower Law Enforcement with Enhanced Crypto Seizure Capabilities

The United Kingdom is set to grant its law enforcement agencies increased authority to seize cryptocurrency assets linked to criminal activities, including terrorism, starting...

Hungary Moves to Let Banks Offer Bitcoin Services

Hungary is on the brink of significant financial innovation, as its government has put forward draft legislation that aims to permit banks, investment funds,...