Pakistan is taking steps to legalise cryptocurrency as the government proposes amendments to the State Bank of Pakistan (SBP) Act, indicating a significant shift in its financial policy. As reported by local news outlet The Express Tribune, these amendments...
Singapore regulators are set to enhance their tokenization initiatives in response to growing demand for tokenized assets in fixed-income, foreign exchange, and asset management markets. In a November 4 announcement, the Monetary Authority of Singapore (MAS) outlined its plans...
The Netherlands' central bank, De Nederlandsche Bank, has imposed a €2.2 million ($2.4 million) fine on Bybit for providing crypto services in the country without proper registration. The penalty addresses Bybit's non-compliance with regulations aimed at preventing money laundering...
Several leading crypto companies and venture capital firms, including Coinbase, Andreessen Horowitz (a16z), Multicoin Capital, and Paradigm, have backed a Texas apparel company, Beba, and the DeFi Education Fund (DEF) in their ongoing legal battle with the U.S. Securities...
Taiwan’s Financial Supervisory Commission is set to introduce a registration system for crypto exchanges on November 30, earlier than anticipated. This move represents a significant advancement in regulating the rapidly growing crypto industry, according to local news source Anue...
So far, U.S. regulators have secured over $19 billion in settlements from crypto companies in 2024, and that is almost two-thirds of all the settlements ever recorded in the industry. With eight major settlements this year, the total amount...
Gemini has received preliminary approval from Singapore's Monetary Authority (MAS) to offer cross-border money transfer and digital payment token (DPT) services in the country. According to the New York-based crypto exchange, this achievement underscores its commitment to adhering to...
The Reserve Bank of India (RBI) Governor Shaktikanta Das voiced strong concerns over stablecoins, which he described as "private money" that could undermine government sovereignty by allowing private issuers to dominate the payments system. Speaking at the G30 39th...
Hong Kong plans to expand its current tax concessions on privately offered funds and family offices to include cryptocurrency investments. During his speech at Hong Kong Fintech Week on October 28, Christopher Hui, Secretary for Financial Services and the...
Bitstamp has received a MiFID Multilateral Trading Facility (MTF) licence from Slovenia's Securities Market Agency, enabling it to offer crypto derivatives products such as perpetual swaps in the European Union. The Markets in Financial Instruments Directive (MiFID) governs traditional...
