Source: pymnts.com

ASIC Sues Binance Australia Over Consumer Protection Failures

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance's Australian operator, Oztures Trading Pty Ltd. The regualtor accused the crypto derivatives platform of misclassifying over 500 retail clients as wholesale investors, and thus, denying these...

Source: blockchain.news

Hong Kong’s Stablecoin Bill Passes First Reading

Hong Kong's newly proposed stablecoin bill passed its first reading in the city’s Legislative Council today, December 18, 2024. This move brings the city closer to establishing a robust regulatory framework for fiat-backed stablecoin issuers. During the presentation of...

source: bitcoinist.com

Why Morocco Legalized Crypto After Ban in 2017

Morocco made headlines when it announced a total ban on cryptocurrency use in 2017. Authorities in the African country cited concerns over risks like money laundering, terrorism financing, and the lack of consumer protections and regulatory oversight. At the...

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