McDermott Will & Emery, a New York-based law firm, has requested a compensation claim of $5.1 million from the creditors of Voyager Digital for the legal services it provided between March 1 and May 13, 2023, to the bankrupt...
China is aggressively pushing forward with its digital currency adoption efforts as various cities and institutions in the country embark on initiatives to promote the use of the central bank digital currency (CBDC) and build a cashless economy. Recently,...
According to data from RootData, a crypto data analytics platform, venture capital investments in cryptocurrency firms have experienced a significant decline of over 70% within the last 365 days. The sharp decline stands in stark contrast to the sector's...
Cryptocurrency companies in Singapore will soon be required to adhere to new guidelines proposed by the Monetary Authority of Singapore (MAS) to ensure the safety and protection of customer assets. These guidelines, currently in the form of "draft legislative...
Thailand's Securities and Exchange Commission (SEC) has recently introduced updated regulations aimed at enhancing investor protection in the digital asset industry. These updated regulations focus on ensuring that investors are aware of the potential risks associated with trading cryptocurrencies....
Belarus is gearing up to implement a ban on Peer-to-Peer (P2P) cryptocurrency transactions, including popular cryptocurrencies like Bitcoin, within the country. The Belarusian Ministry of Internal Affairs announced this plan to ban P2P crypto exchanges for individuals through Telegram...
Vitalik Buterin, the co-founder of Ethereum, has publicly expressed his support for blockchain initiatives such as Solana, which have recently come under scrutiny from the U.S. Securities Exchange Commission (SEC) in its enforcement actions against cryptocurrency exchanges. During a...
Over 160 executives from digital businesses worldwide have urged legislators in the European Union to exercise caution and consider all necessary factors while formulating its new artificial intelligence (AI) legislation. In the open letter published on June 30, 2023,...
Simon Callaghan, the newly appointed CEO of Blockchain Australia, has called for collaboration between Australia's banks, government, and the cryptocurrency sector to combat the rising threat of cryptocurrency fraud. Speaking on June 30, 2023, during the closing day of...
On June 30, 2023, South Korea's National Assembly achieved a significant milestone in cryptocurrency regulation as it passed the Virtual Asset User Protection Bill into law. The bill is a comprehensive piece of legislation that consolidates 19 crypto-related bills,...
