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,...
Ukraine is advancing toward legalizing its cryptocurrency market, with officials reportedly considering up to an 18% tax on crypto earnings. According to a local news outlet, many in Ukraine’s crypto community favour a 5% tax on income, but the...
The U.S. Securities and Exchange Commission (SEC) has agreed in principle to drop its securities enforcement case against MetaMask, according to Joseph Lubin, founder of blockchain firm Consensys. In a February 27 X post, Lubin stated that though they...
