Coinbase has requested changes to the U.S. Securities and Exchange Commission's (SEC) proposed regulation on registered investment advisers' (RIAs) responsibilities to hold client assets with qualified custodians. In a letter sent to the U.S. SEC on May 9, 2023,...
Cryptocurrency industry supporters have raised concerns about a proposed regulation by the U.S. Securities and Exchange Commission (SEC) that would tighten laws surrounding crypto custody. The Blockchain Association, an advocacy group, and Web3 venture capital firm Andreessen Horowitz (a16z)...
Estonia's recent amendments to its anti-money laundering (AML) laws have resulted over 300 virtual asset service providers (VASPs) either ceasing operations or have their licenses revoked. The amended laws included the adoption of the Financial Action Task Force Travel...
More Latin American countries are exploring the possibility of adopting Bitcoin as legal tender following El Salvador's recent move despite rising transaction costs. According to strategist Samson Mow, who helped drive the adoption of crypto in El Salvador, other...
Governor Ron DeSantis has emphasized his commitment to preventing the adoption of centrally backed digital currencies (CBDC) in Florida. He cited concerns about their potential to monitor every transaction. He stated that Florida residents would not accept a CBDC...
Ripple is set to spend a staggering $200 million on its legal defense against the United States Securities Exchange Commission (SEC). Ripple's CEO, Brad Garlinghouse, revealed this information during a fireside chat at the Dubai Fintech Summit on May...
OKX has announced its plans to establish an office in Turkey in the coming months. The company made the announcement just before the Blockchain Economy Istanbul Summit 2023, where it serves as a Title Sponsor and Premium Partner. According...
According to Reports from Local Media, on May 7, 2023, the Philippine National Police rescued 1,090 individuals who were trafficked into the country from various Asian countries and coerced or convinced to endorse fraudulent cryptocurrency investments. The operation was...
China has released a draft proposal outlining how to manage financial experiments related to cryptocurrencies as it seeks to expand its involvement in the crypto industry. Despite the Chinese government’s concerns about the risks associated with digital currencies, the...
Zimbabwe is set to offer its gold-backed digital currency for investors at a minimum price of $10 for individual buyers and $5,000 for businesses and other entities. The offer will be available for a limited time from May 8,...
