Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the newly appointed board members of the Securities and Exchange Commission (SEC) to address the complexities of cryptocurrency regulation in the country. According to a report from local media, Punch, Edun emphasized the importance of ...
The Bank of Italy will soon issue guidelines on implementing the European Union's Markets in Crypto-Assets Regulation (MiCA). Governor Fabio Panetta announced this during his address to the Italian Banking Association on July 9, 2024. stating that these guidelines aim to ensure effective MiCA application and protect cryptocurrency holders. Panetta ...
In the past week, at least three Coinbase users have fallen victim to scammers impersonating Coinbase representatives, with one person reportedly losing over $1 million. On July 7, Tegan Kline, co-founder of Edge & Node, shared an incident involving a “good friend.” According to Kline, the scam began with a ...
Mt. Gox, the once-prominent cryptocurrency exchange infamous for its 2014 hack, has finally begun repaying what it owed to its users after more than a decade of delays and legal proceedings. On July 5, 2024, Mt. Gox announced it started the repayments and disbursed funds to creditors that meet specific ...
In the first half of 2024, cryptocurrency phishing scams saw a marked uptick in profitability. According to blockchain research firm Scam Sniffer, these malicious actors successfully stole over $314 million worth of cryptocurrency, a 6.44% increase compared to the previous year. Notably, $58 million of this total came from just ...
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 the European Union (EU) will be obligated to comply with Regulation ...
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 reported by Bloomberg. The FSC has now mandated that local exchanges ...
HashKey Group has launched its long-awaited native token, $HSK, and it will be distributed through an airdrop campaign on Telegram. The announcement, made on Tuesday, July 2, 2024, revealed that participants can claim $HSK tokens by engaging with a Telegram bot game called "DejenDog" and completing specified tasks. The HashKey ...
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 (DAEX), representing five major Korean crypto exchanges, announced that approximately 20 ...
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 current approach to crypto disclosure rules, which he described as "problematic." ...
