World’s largest crypto exchange Binance is considering shifting its focus to the Middle East as regulatory pressure is becoming unbearable in Europe and the US. General Manager of Binance Dubai, the United Arab Emirates (UAE), Alex Chehade said the UAE may become…
The Financial Services and Markets Authority (FSMA) has issued an order to Binance, the world’s largest crypto exchange by trading volume to stop servicing clients in the country. The regulator issued the order Friday 23 June. The reason for the order is…
A recent announcement conveyed by the largest eCommerce platform Amazon revealed plans to invest around $100 million in establishing an artificial intelligence center. The Amazon cloud unit, also known as AWS, will create the proposed AI center. The AWS team is optimistic…
A recent International Monetary Fund (IMF) study revealed that crypto bans lack an effective and sustainable long-term solution. The IMF official identified gaps in crypto demands that must be addressed rather than implementing restrictive approaches to crypto assets bans. The IMF compiled…
Head of Hong Kong’s Securities and Futures Commission, Julia Leung Fung-yee says crypto trading is an integral part of the digital asset ecosystem. She stated this while explaining why Hong Kong has flung its doors open to cryptocurrencies in its regulatory approach….
Top crypto exchange Crypto.com has secured a Virtual Asset Services Provider License in France. This regulatory milestone further expands crypto.com services across Europe, the exchange wrote in a press release shortly after securing the license on Friday 23 June. Crypto.com is a…
Top crypto exchange Binance has launched a regulated crypto services platform in Kazakhstan. The platform will offer exchange and conversion as well as crypto custodial services to the people of Kazakhstan. They will also be able to deposit and withdraw fiat currencies…
Ripple has secured preliminary regulatory greenlight in Singapore, one of the top crypto hubs in the world. The company announced on Wednesday June 21 that it has achieved ‘In-Principle Approval’ from the Monetary Authority of Singapore (MAS) for its subsidiary Ripple Markets APAC…
In an advanced statement, the Bank for International Settlements and the Bank of England announced the completion of Project Rosalind. The financial watchdogs revealed plans to release soon the central bank digital currency (CBDC), commonly known as Britcoin. After analyzing the development…
On Thursday, Block, a prominent payment company founded by Jack Dorsey, announced plans to launch a beta program for its self-custodial Bitcoin wallet Bitkey. The Block team confirmed to work closely with its financial service partners CashApp and Coinbase to conduct beta…
A recent update on the French Newspaper Le Monde released on June 16 revealed that the authority would launch a new investigation on Binance for engaging in “aggravated money laundering. The report mentioned that the investigation on Binance will be conducted by…
An official report issued by the Seychell-based crypto exchange OKX revealed that Dubai’s Virtual Asset Regulatory Authority green-lighted minimal viable product preparatory (MVP)license. Initially, the OKX team had announced plans to broaden its market presence to the Middle East. Following the approval…
A few days ago, the Congressman invited key players in the crypto space to formulate the bill on regulating crypto assets. In honor of the invite, the top executives from high-profile crypto firms attended the meeting in two rounds this week. During…
A court sitting in the US has denied the request of the Securities and Exchange Commission (SEC) to freeze the assets of Binance’s US subsidiary, Binance.US. The presiding judge, judge Amy Berman declined the request to freeze the exchange’s assets as investigations…
A Hong Kong Lawmaker, Johnny NG has extended an invitation to digital currency exchanges around the world to come to the administrative region of China. Ng in a tweet invited crypto exchanges to apply for official trading platform status. “I hereby offer…
The popular crypto custody platform in Palo Alto BitGo, plans to acquire Prime Trust at an undisclosed price. A source privy to the matter revealed that the BitGo team has been seeking to close the Prime Trust acquisition deal. A person familiar…
Following the lawsuit by US Securities and Exchange Commission (SEC) against world’s largest crypto exchange Binance, there has been a huge outflow of assets from the exchange, a report by Cointelegraph says. Data shared by crypto analytic firm Nansen with Cointelegraph, reveals…
On Thursday, the Binance US team issued a report on suspending US dollar deposits. The Binance team stated that its banking partners are working on halting fiat dollar withdrawals as of June 13. From June 9, the Binance US team intends to…
The Financial Conduct Authority (FCA) in the UK has come up with new rules to guide crypto advertising in the country. The new rules place certain restrictions on crypto adverts targeting UK residents. Advertisers are also required to include a “cooling off…
Regulators in the state of California have ordered Coinbase to stop offering its crypto staking services in the state. The Department of Financial Protection and Innovation on Tuesday ordered the top US cryptocurrency exchange to ‘desist and refrain’. The department stated that Coinbase has…
