The Eurasian Group on Combating Money Laundering (EAG) has raised alarms over increasingly sophisticated money laundering operations in 2024, driven by the growing use of cryptocurrencies and multi-layered schemes. According to a report by Russia’s state-run news agency, the EAG, in its just concluded plenary session, warned of the rising role ...
In early November, internet traffic to major cryptocurrency exchanges in Russia saw an 8% increase. This rise was attributed to the increasing prices of Bitcoin and changes in local regulations, according to an analysis by MegaFon, one of Russia's leading telecommunications providers. The analysis showed that users in Russia accounted ...
OKX, a global leader in cryptocurrency exchange and Web3 technology, has officially launched its services in Belgium. This expansion allows residents to access a comprehensive ecosystem for trading and managing cryptocurrencies. Belgian users can now engage in spot trading and utilize conversion services for over 200 cryptocurrencies, which includes more ...
A recent report by U.S. Treasury economists reveals that low-income households with significant cryptocurrency exposure are seeing substantial increases in mortgage and auto loan originations and balances. The report suggests that profits from crypto investments are helping these households obtain larger loans, especially for purchasing homes. “Zip codes with the ...
Telegram's digital asset holdings have surged to $1.3 billion in the first half of 2024, up from $400 million at the close of 2023. On November 26, the Financial Times reported that Telegram's crypto holdings have nearly tripled in value, exceeding $1 billion. This increase is attributed to profits from ...
Awareness of cryptocurrency in the UK is growing, with recent data showing an increase from 91% to 93%, according to a report from the Financial Conduct Authority (FCA). The average value of crypto held by individuals also grew from £1,595 to £1,842. Notably, the most common source of information for ...
Hashdex has updated its S-1 application for the Hashdex Nasdaq Crypto Index US ETF for the second time. The revised filing, dated November 25, follows the SEC's request for additional time to review the proposal in August. Hashdex originally submitted its S-1 registration on June 24. The NCIUS ETF will ...
Executives from major crypto firms, including Ripple, Kraken, and Circle, are vying for seats on the crypto advisory council proposed by U.S. President-elect Donald Trump, according to a Reuters report published on November 22. Trump's team is reportedly deliberating the council's structure and membership. Reuters quoted anonymous sources suggesting firms ...
Crypto.com has partnered with the Singapore-based payments platform Triple-A to enhance the crypto shopping experience and enable users to make direct cryptocurrency payments on leading e-commerce platforms without converting to fiat currency, beginning in Singapore and expanding globally. By integrating Triple-A’s regulated payment solution, Crypto.com wallet users can seamlessly shop ...
South Korea's ruling Democratic Party of Korea (DPK) is planning to implement the long-delayed cryptocurrency tax regulations in early 2025, following a decision not to approve further delays, according to a local news outlet, the Seoul Shinmun. The regulation, which would introduce a 20% tax (22% including local tax) on ...
