The Australian Securities and Investments Commission (ASIC) has fined Bit Trade, the local operator of the Kraken crypto exchange, of AUD 8 million (approximately USD 5.2 million) for illegally providing credit facilities to over 1,100 customers. The announcement was...
Hong Kong is intensifying discussions on updating its cryptocurrency regulations to stay current with the fast-changing global industry. A proposal presented during the Legislative Council meeting on December 11 highlights the urgency for the city to adapt to the...
Ken Sim, the mayor of Vancouver, has proposed that the city explore integrating Bitcoin into its financial systems as a potential strategy to combat inflation and safeguard its purchasing power. On December 11, Mayor Sim introduced a motion titled...
Russia has joined the growing list of nations considering Bitcoin as a strategic reserve asset. Anton Tkachev, a member of the Russian State Legislative Chamber, Duma, from the New People party, has formally proposed that the finance ministry incorporate...
The US Department of the Treasury issued a semiannual regulatory agenda on August 16, 2024, proposing a revised definition of "money" to include cryptocurrencies and other digital assets. This redefinition essentially brings cryptocurrencies under the same legal and regulatory...
Australia has launched a task force to crack down on cryptocurrency ATM operators failing to adhere to the country’s anti-money laundering (AML) regulations, as announced by the Australian Transaction Reports and Analysis Centre (AUSTRAC) on December 6. In its...
Coinbase CEO Brian Armstrong recently voiced his criticism of law firms representing crypto companies while employing individuals with a history of opposing the blockchain and cryptocurrency industry. Taking to X (formerly Twitter), Armstrong stated: "As a company committed to...
Australian regulators are ramping up efforts to tighten oversight of the country's cryptocurrency market, with the Australian Securities and Investments Commission (ASIC) leading the charge. On December 4, ASIC released Consultation Paper 381, which outlines strategies to close regulatory...
Cathie Wood, founder of Ark Invest, has expressed concern that the U.S. almost lost its competitive edge in crypto, especially before Donald Trump's reelection. In a CNN interview, Wood stressed the importance of the U.S. regaining leadership in emerging...
China's central bank digital currency, known as the digital yuan, is facing challenges in achieving widespread user adoption. Charles Chang, director of the Fintech Research Centre at Fudan University in Shanghai, stated in an interview with the South China...
