Australian regulators are reportedly drafting new legislation that will mandate cryptocurrency exchanges to obtain financial services licences, with updated regulatory guidance set to be released within the next two months. Alan Kirkland, a commissioner at the Australian Securities and...
The Hong Kong government is preparing to issue its first policy statement on the use of artificial intelligence (AI) in the financial sector. The region's Financial Services and Treasury Bureau (FSTB) is currently drafting a framework focused on the...
Bybit has obtained a provisional licence in Dubai two years after establishing its headquarters there. The crypto exchange, which is the second-largest by derivatives volume, noted in a recent press release that it has received a non-operational licence from...
Millions of potential Australian crypto investors are currently "sitting on the sidelines," waiting for more straightforward regulations around the market, according to a new report from local crypto exchange Swyftx. The report, based on a survey of 2,229 adult...
Nigeria's Securities and Exchange Commission (SEC) is reportedly preparing to initiate enforcement measures against businesses and individuals participating in unregulated cryptocurrency transactions. Emomotimi Agama, Director-General of the agency, announced that it would soon take action against entities offering cryptocurrency...
Binance is one step closer to becoming Kazakhstan's first fully regulated crypto exchange. According to a September 6 announcement, Binance Kazakhstan, the exchange's local branch, has received "formal consent" for a full regulatory license from the Astana Financial Services...
Blockchain analytics firm Chainalysis has raised concerns about the potential use of domestic crypto exchanges by the Russian government to evade international sanctions. In a recent report, the firm highlighted two crypto platforms, Garantex and Exved, as potential resources...
India’s financial regulator may grant two foreign-based crypto exchanges approval to operate in the country by March 2025. According to a report by local media outlet Business Standard, the country’s Financial Intelligence Unit (FIU) is currently reviewing registration applications...
Howard Lutnick, CEO of financial asset management firm Cantor Fitzgerald, has highlighted regulatory challenges as a significant barrier to increasing Bitcoin adoption among traditional financial institutions. In a recent post on X, Lutnick explained that U.S. banks are hesitant...
The European Central Bank is gearing up to take on the dominant American and Chinese payment systems with the launch of a digital euro, according to Piero Cipollone, a member of the ECB’s executive board. In an interview with...
