The National Bank of Cambodia (NBC) has authorized commercial banks and payment service providers (PSPs) to offer limited services involving crypto assets, excluding unbacked cryptocurrencies. The policy update, detailed in a directive issued on December 26, 2024, permits the...
The crypto industry is at a pivotal moment. Once hailed as a beacon of financial freedom, it now grapples with regulatory pressures that threaten to dilute its revolutionary ideals. Policies like Know Your Customer (KYC) and Anti-Money Laundering (AML)...
The Russian government has approved a sweeping ban on cryptocurrency mining in ten regions, effective January 1, 2025, through March 15, 2031. The decision, reported by the State-owned news outlet TASS on December 24, addresses local electricity shortages and...
Singapore appears to have edged ahead of Hong Kong in the race to become the leading crypto hub in Asia. Both cities are vying for dominance by introducing specialized regulatory regimes, tokenization initiatives, and innovation-driven sandboxes. However, Singapore's proactive...
The United States and South Korea are reportedly collaborating on developing advanced mechanisms to combat cryptocurrency thefts allegedly tied to North Korea. According to South Korea's Yonhap News Agency, the two nations have signed an agreement to jointly develop...
Orbs, a blockchain-based Layer-3 protocol focused on enhancing DeFi infrastructure, has launched Liquidity Hub V2 to revolutionize liquidity optimization across the cryptocurrency ecosystem. The update introduces advanced features that deepen on-chain liquidity for decentralized exchanges (DEXs) and enhance the...
Hong Kong is intensifying its efforts to establish itself as a global cryptocurrency hub. It is currently the 5th-largest crypto market in Asia. The city’s administration has already set up many initiatives to achieve this goal. For instance, by...
Crypto custodian Copper Technologies Ltd. has withdrawn its application to register with the UK’s Financial Conduct Authority (FCA), signalling a shift in focus to international hubs under its new CEO, Amar Kuchinad. According to Bloomberg, Copper's decision to pivot...
Nigeria's crypto scene has faced significant challenges since February 2024. It all began when authorities blocked access to local crypto exchanges, leaving traders uncertain and stuck with their investments. Tensions escalated further when two Binance executives, visiting Nigeria to...
Hong Kong's Securities and Futures Commission (SFC) has issued licenses to four more virtual asset trading platforms (VATPs) as part of its drive to establish the city as a leading global crypto hub. The newly licensed exchanges—HKbitEX, Accumulus, DFX...
