Hong Kong's ambitions to become a crypto hub are facing challenges. Over a dozen exchanges grapple with regulatory concerns, making it difficult to secure full licenses. According to a Bloomberg report citing insiders, cryptocurrency exchanges in Hong Kong are...
Binance will dedicate at least 20% of its new hires to compliance efforts, CEO Richard Teng stated in a recent interview with Bloomberg. The crypto exchange is reportedly preparing to expand its workforce by 1,000 employees this year. According...
Abu Dhabi's financial regulator has opened a public consultation on a proposed regulatory framework to guide the supervision of fiat-referenced tokens (FRTs), a category of stablecoins. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM)...
In a dramatic shift from its previous stance, Russia has officially legalized cryptocurrency mining. This move comes just two years after the country considered banning Bitcoin and halting all crypto-mining activities. The change in policy is largely driven by...
China’s highest court and public prosecution agency have, for the first time, acknowledged crypto transactions in their updated interpretation of the country’s anti-money laundering laws. At a joint press conference on August 19, representatives from the Supreme People’s Court...
Nigeria's Federal Inland Revenue Service (FIRS) is set to propose a bill to regulate the cryptocurrency sector. At a recent stakeholder engagement with the National Assembly’s Finance Committees, FIRS Executive Chairman Zacch Adedeji reportedly announced plans to propose a...
Bybit has officially expanded its operations to Argentina as a licensed “Virtual Asset Service Provider (VASP) and card operator.” The crypto exchange announced that its VASP license, granted by Argentina’s Financial Intelligence Unit (FIU), will enable it to offer...
The Bank of Ghana (BoG) has taken a significant step towards regulating the country's growing digital asset market. On August 16, the central bank released a draft of guidelines to oversee the cryptocurrency space, including Bitcoin and stablecoins like...
Binance has resumed offering its services in India after a seven-month suspension due to regulatory issues. The exchange confirmed in an X post published today, August 15, 2024, that it has officially registered as a reporting entity with India's...
U.S. Senate Majority Leader Chuck Schumer has stated he is working towards passing comprehensive cryptocurrency legislation by the end of 2024. The Senator revealed this during a virtual town hall hosted by Crypto4Harris, a group advocating pro-crypto policies for...
