Cumberland has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. Announced on March 18, this milestone brings the company closer to offering regulated digital payment token services in Singapore, strengthening its...
Vermont’s Department of Financial Regulation has withdrawn its legal challenge against Coinbase, marking another victory for the crypto exchange amid shifting regulatory tides in the United States. The decision, announced on March 13, follows the U.S. Securities and Exchange...
Ripple has obtained regulatory approval from the Dubai Financial Services Authority (DFSA) to offer crypto payments and services in the Dubai International Finance Centre (DIFC). This is Ripple's first official license in the Middle East, making it the region's...
The U.S. House of Representatives has voted to repeal the IRS rule requiring DeFi platforms to report user transactions. The repeal passed with bipartisan support in a 292-132 vote, with all opposing votes coming from Democrats; however, 76 Democrats...
Kraken has officially secured an Electronic Money Institution (EMI) license from the United Kingdom's Financial Conduct Authority (FCA), according to an announcement on the company's blog. This authorization marks a significant step forward in Kraken's UK growth strategy, enabling...
The U.S. Securities and Exchange Commission (SEC) is reconsidering a controversial rule that expanded the definition of exchanges to include crypto firms. Acting Chairman Mark Uyeda has called for a reassessment of the regulation, which was initially introduced in...
A US state securities regulator has raised concerns over the increasing use of artificial intelligence in cryptocurrency fraud, warning that scammers are exploiting AI tools, social media, and cryptocurrency ATMs to target investors. This warning came from Claire McHenry,...
South Korean regulators are intensifying efforts to prevent financial crimes and strengthen the integrity of the nation's financial system, particularly in the rapidly evolving crypto landscape. The country's Financial Intelligence Unit (FIU) is reportedly tightening anti-money laundering (AML) regulations...
Russia is considering launching an experimental cryptocurrency trading platform for “super-qualified” investors as a way of providing a controlled framework for digital asset transactions. According to state news agency Interfax, Aleksey Yakovlev, head of the Ministry of Finance’s financial...
The U.S. Securities and Exchange Commission (SEC) has decided to dismiss its case against Cumberland DRW, a Chicago-based cryptocurrency trading firm, months after accusing it of operating as an unregistered securities dealer. In a March 4 announcement on X,...
