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...
Binance.US has stated that it is "prepared" for a prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) following a U.S. federal judge's decision to uphold most charges against the exchange on Friday, June 28, 2024. The...
Bahamas is set to publish regulations that will require commercial banks to offer access to its central bank digital currency (CBDC) in a bid to spur increased adoption. According to Reuters, the Bahamas central bank governor, John Rolle, announced...
Turkish lawmakers have passed a cryptocurrency bill that could impose hefty fines of up to $182,600 and prison sentences of up to five years for violations. The legislation, introduced by the ruling AK Party's chairman Abdullah Güler in May,...
Cryptocurrency exchange Coinbase has filed a lawsuit against two U.S. federal agencies, the Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC), for allegedly failing to comply with its Freedom of Information Act (FOIA) requests. The complaint,...
The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) has raised alarm over the ongoing turmoil in the country's blockchain sector, particularly highlighting the protracted legal dispute with Binance. In a statement signed by Chairman Lucky Uwakwe Arisukwu, BICCoN warned...
Pro-bitcoin regulations have been approved in a second U.S. state as Louisiana passes a groundbreaking pro-bitcoin bill to safeguard access to bitcoin and limit Central Bank Digital Currencies. Governor Jeff Landry signed House Bill 488 into law after it...
