The United States Senate Committee on Armed Services has tasked Secretary of Defense Lloyd Austin with exploring the potential applications of blockchain technology for supply chain management and other national security purposes within the Department of Defense (DOD). This...
Paxful co-founder and former Chief Technology Officer Artur Schaback faces up to five years in prison after pleading guilty to conspiring to neglect Anti-Money Laundering (AML) compliance at the cryptocurrency exchange. On Monday, July 8, 2024, the United States...
In a significant move to bolster Anti-Money Laundering (AML) efforts, the European Banking Authority (EBA) has announced the expansion of Travel Rules guidelines to encompass crypto service providers and their intermediaries. Starting from December 30, crypto exchanges operating within...
South Korean financial regulators are intensifying their scrutiny of domestic cryptocurrency exchanges to combat questionable trading practices. The Financial Supervisory Commission (FSC), South Korea's top financial regulator, is developing a comprehensive system to monitor suspicious cryptocurrency trading activities, as...
The Nigerian government has unveiled plans to establish research centres dedicated to artificial intelligence (AI), the Internet of Things (IoT), and blockchain technology technologies. The National Information Technology Development Agency (NITDA)’s Director-General, Kashifu Inuwa, represented by NITDA's Director of...
The Swiss National Bank (SNB) has announced an expansion of its pilot project for institutional central bank digital currencies (CBDCs). Antoine Martin, a governing board member of the SNB, revealed this development at the Point Zero Forum event in...
The Bank of Russia is exploring the possibility of legalizing stablecoins for cross-border transactions, a move that could provide alternative trading avenues amid ongoing economic sanctions. Alexei Guznov, deputy governor of the central bank, revealed this development in an...
Cryptocurrency exchange Bitget is actively pursuing regulatory compliance in India and is now in active discussions with the country's Financial Intelligence Unit (FIU) to secure registration as a Virtual Asset Service Provider (VASP). This development was disclosed by Simran...
South Korean cryptocurrency exchanges are set to reevaluate over 1,000 previously listed tokens in response to the upcoming implementation of the country’s new crypto rules, the Virtual Asset User Protection Act. On July 2, the Digital Asset Exchange Alliance...
The Blockchain Association, a U.S.-based crypto advocacy group, has lauded recent comments by SEC Commissioner Mark Uyeda, praising his "nuanced, innovation-forward approach" as essential for the cryptocurrency industry. This commendation comes in response to Uyeda's critique of the SEC's...
