South Korea has been grappling with a rise in criminal activities involving digital assets, prompting the nation to expedite the implementation of a comprehensive Virtual Asset User Protection bill. This bill comprises 19 bills specifically targeting cryptocurrencies, reflecting the...
Westpac, one of Australia's leading banks, has initiated the first phase of its trial of scam prevention tools to combat cryptocurrency-related fraud. The bank aims to introduce a set of tools and safety measures that wil help reduce risks...
A recent report by British legislators recommending the classification of cryptocurrencies as gambling has been the subject of fierce criticism from stakeholders in the UK cryptocurrency industry. The House of Commons Treasury Committee released the report on May 17,...
Indian authorities prohibited the Unified Payments Interface (UPI) from facilitating cryptocurrency transactions, and in response, multiple advocacy groups have submitted petitions urging them to reconsider this decision. The public policy advice firm Black Dot has already submitted its proposal...
Ripple has announced its acquisition of Metaco, a digital asset custody and tokenization technology provider. This strategic move by Ripple is aimed at establishing a competitive position in the rapidly expanding institutional cryptocurrency custody market, which experts predict will...
The U.S. Department of Justice (DOJ) has charged a Russian national named Mikhail Pavlovich Matveev for his involvement in cyber-attacks targeting American infrastructure. Matveev, known by various aliases such as Wazawaka, m1x, Boriselcin, and Uhodiransomwar, is linked to a...
Bitget has released its transparency report for the first quarter of 2023, showcasing its accomplishments and progress during that period. According to the report, Bitget experienced a surge in investor activity driven by the cryptocurrency market's total capitalization exceeding...
Scott Shay, the former chairman of Signature Bank, faced criticism from US lawmakers for attributing his company's failure to cryptocurrency despite reportedly receiving substantial bonuses and stock options. On May 16, 2023, Shay testified before the Senate Banking Committee,...
According to research conducted by the Global Financial Markets Association (GFMA), incorporating distributed ledger technology (DLT) in traditional financial markets has the potential to deliver annual savings of up to $100 billion. Released on May 16, 2023, the research...
The G7 Finance Ministers and Central Bank Governors convened in Niigata, Japan, on May 13, 2023, ahead of the G7 Summit in Hiroshima City, to discuss digital currencies and their potential impact on the global monetary and financial system....
