The Indonesian government is yet to finalize the transfer of crypto asset oversight from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK), as required by the Financial Sector Law, as reported by the Jakarta Globe on Thursday, January 2, 2025. The transition ...
China's State Administration of Foreign Exchange has rolled out new regulations requiring banks to identify and report high-risk transactions, including those tied to cryptocurrencies. This move is expected to create significant hurdles for mainland investors seeking to trade Bitcoin and other digital assets, according to the South China Morning Post. ...
The Reserve Bank of India (RBI) has raised concerns about cryptocurrencies, including stablecoins, warning they pose significant risks to the country’s financial stability. In its latest 2024 Financial Stability Report, the RBI noted that despite a surge in crypto adoption across India, the unregulated use of digital assets could undermine ...
Hong Kong lawmaker Wu Jie has called on the region’s government to explore the possibility of including Bitcoin in its fiscal reserves, according to a local media report. The report revealed that Wu suggested the Hong Kong Special Administrative Region (SAR) consider adding cryptocurrencies to its fiscal reserves and utilize ...
Former German finance minister Christian Lindner has urged the European Central Bank (ECB) and the German central bank, Bundesbank, to consider including Bitcoin in their reserves. In an interview with the German Press Agency in Berlin, Lindner described the new Trump administration’s stance on cryptocurrencies as "an extremely progressive policy" ...
Vietnamese authorities have allegedly prevented losses of nearly 30 billion Vietnamese dong ($1.17 million) and saved 300 potential victims from fraudulent investments in a major cryptocurrency scam token. Hanoi City Police arrested individuals linked to Million Smiles, the company behind an illegal cryptocurrency scheme. The scheme centred around a fictitious ...
On-chain investigator Taylor Monahan exposed a scheme where scammers pose as recruiters from top crypto firms. They use platforms like LinkedIn, Telegram, and freelancing sites to lure targets with high-paying job offers. Victims interested in an online scheme are directed to a seemingly legitimate video interview platform called “Willo | ...
Goldmarketer.com, a leader in digital gold and cryptocurrency trading, has launched the world’s first 24-hour AI-powered customer service system. This groundbreaking initiative is designed to provide round-the-clock, real-time support to users, addressing a critical need in the fast-paced crypto market. The AI-powered system is integrated across Goldmarketer’s platform, offering instant ...
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 handling of stablecoins and tokenized traditional assets under strict regulations. According ...
The North American Electric Reliability Corporation (NERC) has raised concerns about the growing energy demands of cryptocurrency mining and artificial intelligence (AI) operations, which could challenge grid reliability and forecasting. In its latest Long-Term Reliability Assessment report, NERC highlights the unpredictable and energy-intensive nature of crypto mining and AI data ...
