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...
The European Fund and Asset Management Association (EFAMA) has stated that a significant expansion of asset classes, including cryptocurrencies, is unlikely following the recent review of UCITS-eligible assets, according to a new report from ETF Stream. UCITS (short for...
New Jersey regulators have advised investors to withdraw any remaining cryptocurrency from their accounts with the crypto lender Abra. According to a press release from the State’s Attorney General Matthew J. Platkin, the Division of Consumer Affairs, and the...
The Canadian crypto trading platform ezBtc and its founder, David Smillie, have been accused of defrauding customers by misappropriating around 13 million Canadian dollars (about 9.5 million USD) of their cryptocurrency investments for gambling. A panel from the British...
Turkey is witnessing a notable increase in interest from cryptocurrency firms seeking to operate in the country. The Turkish Capital Markets Board (CMB) has reported that 47 cryptocurrency companies have applied for licences under newly introduced regulations. This influx...
Johnny Ng, a Hong Kong lawmaker, has called on the government and banks to ease restrictions on banking services for crypto and Web3 firms, highlighting the ongoing challenges these companies face in opening local bank accounts. In a post...
