Hong Kong is intensifying its efforts to establish itself as a global cryptocurrency hub. It is currently the 5th-largest crypto market in Asia. The city’s administration has already set up many initiatives to achieve this goal. For instance, by...
Crypto custodian Copper Technologies Ltd. has withdrawn its application to register with the UK’s Financial Conduct Authority (FCA), signalling a shift in focus to international hubs under its new CEO, Amar Kuchinad. According to Bloomberg, Copper's decision to pivot...
Nigeria's crypto scene has faced significant challenges since February 2024. It all began when authorities blocked access to local crypto exchanges, leaving traders uncertain and stuck with their investments. Tensions escalated further when two Binance executives, visiting Nigeria to...
Hong Kong's Securities and Futures Commission (SFC) has issued licenses to four more virtual asset trading platforms (VATPs) as part of its drive to establish the city as a leading global crypto hub. The newly licensed exchanges—HKbitEX, Accumulus, DFX...
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...
Broadridge Financial Solutions has teamed up with the Crypto Carbon Ratings Institute (CCRI) to launch a platform designed to help financial firms comply with the European Union's (EU) Markets in Crypto-Assets (MiCA) regulations. The collaboration combines CCRI's sustainability data...
Nigeria's Federal Inland Revenue Service (FIRS) recently hinted at introducing new regulations to tax cryptocurrency transactions. It claimed the bill is part of its drive to build a trustworthy, data-driven tax system aligned with Nigeria's economic objectives. The new...
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...
The UK’s Financial Conduct Authority (FCA) has announced plans to tighten restrictions on the crypto industry, including a proposed ban on public crypto offerings from non-regulated entities. The announcement, outlined in a discussion paper published on December 16, is...
New Zealand’s top financial regulator, the Financial Markets Authority (FMA) has issued a warning about a new crypto investment scam targeting the country’s citizens. According to the regulator, the scam is promoted through YouTube channels that offer fake crypto...
