Australia's Federal Court has spared fintech company Block Earner from paying a fine despite ruling that it offered a cryptocurrency yield-bearing product without a necessary financial services license. The Federal Court recognized the seriousness of Block Earner’s violations but...
In the last twelve hours, the crypto community has been engaged in a discussion and debate about the United States Securities and Exchange Commission (SEC)'s unique approval process for spot Ether exchange-traded funds (ETFs). This process differed notably from...
The U.S. Securities and Exchange Commission (SEC) has approved eight proposals for listing spot Ethereum exchange-traded funds (ETFs) for public trading in the United States. The SEC's notice of approval, which was published on May 23, 2024, came just...
The U.K.'s top financial authority, the Financial Conduct Authority (FCA), has approved the country's first cryptocurrency exchange-traded products (ETPs) for listing on the London Stock Exchange (LSE). On May 22, WisdomTree announced that the FCA had given the green...
Nigeria's National Information Technology Development Agency (NITDA) has announced that it would restructure the country's National Blockchain Policy Steering Committee (NBP-SC). According to a report from local media outlet Punch, Kashifu Inuwa, NITDA's Director-General, represented by Oladejo Olawunmi, the...
Democrats in the U.S. House of Representatives have been given the autonomy to vote on two significant pro-crypto bills, as revealed in a May 20 email from Democratic leaders obtained by POLITICO. The Financial Innovation and Technology for the...
The Turkish ruling party, the AK Party, has reportedly submitted a draft bill to parliament in a bid to update the laws governing the country's cryptocurrency market. According to Reuters, the bill aligns with international standards and emphasizes licensing...
Chinese authorities have uncovered a massive illegal underground banking network valued at $1.9 billion allegedly using cryptocurrencies in its operations to evade scrutiny after a two-year investigation, according to local reports. Authorities have arrested 193 suspects nationwide in connection...
Hong Kong's Securities and Futures Commission (SFC) has issued a public warning against the activities of the MEXC crypto exchange within the region. In a public statement published on March 15, 2024, the SFC highlighted that MEXC had been...
The Markets in Crypto Assets (MiCA) regulatory framework is the European Union (EU)'s attempt to provide regulatory clarity in the region's crypto and digital asset sector. It introduces a unified, comprehensive, and consistent set of rules for crypto-assets and...
