Nexo has resumed accepting registrations from UK clients as of Tuesday, 24, 2024, after implementing several upgrades to comply with the requirements of the UK's financial regulator, the Financial Conduct Authority (FCA). The crypto lending platform suspended new registrations...
OKX has announced that its local branch, OKX SG Pte. Ltd., has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). Meanwhile, Gracie Lin, a former official of the regulatory agency, has been...
Nigeria's Securities and Exchange Commission (SEC) has officially granted operational approvals to several crypto-focused service operators. In a statement published on Thursday, August 29, the securities regulator announced that it has issued "Approvals-in-Principle" to seven firms: Busha Digital Limited,...
The Hong Kong Monetary Authority (HKMA) has launched a new initiative, “Project Ensemble Sandbox,” to further advance its efforts in tokenizing real-world assets (RWA). In an August 28 press release, the HKMA announced that the initiative is designed to...
New Zealand's Revenue Minister, Simon Watts, has proposed integrating the OECD's framework for gathering crypto-asset financial information into the national framework. The proposed legislation, which is part of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures)...
Russia's central bank is considering proposing a legal amendment to create a new class of investors labelled "qualified investors," who would be allowed to trade cryptocurrencies. In an interview published today, Monday, August 26, 2024, in the Russian state...
The Australian Securities and Investments Commission (ASIC) has secured a legal victory against Bit Trade, the operator of Kraken's services in Australia, over its non-compliance with design and distribution regulations. Today, Friday, August 23, an Australian Federal Court ruled...
Russia is reportedly preparing to launch two new cryptocurrency exchanges, one in St. Petersburg and the other in Moscow, with a focus on stablecoin development. According to Kommersant, the St. Petersburg exchange may leverage the infrastructure of the St....
At the Nashville Bitcoin 2024 conference, Senator Cynthia Lummis (R-Wyo.) unveiled a "revolutionary proposal" for the U.S. government to start investing in Bitcoin. Her idea is to add Bitcoin to the nation's strategic reserve assets as a tool to...
The Indian government will release a public consultation paper on comprehensive cryptocurrency regulations between September and October 2024, according to a new report from CNBC. The report revealed that a special panel, headed by the Secretary of the Department...
