The Russian government has established a focus group under an experimental legal framework to explore the use of cryptocurrency for foreign trade payments, according to a report by local media outlet Vedomosti on September 17, 2024. The focus group includes representatives from the Russian Chamber of Commerce and Industry, the ...
The Hong Kong government is preparing to issue its first policy statement on the use of artificial intelligence (AI) in the financial sector. The region's Financial Services and Treasury Bureau (FSTB) is currently drafting a framework focused on the ethical application of AI within financial markets, according to a new ...
Indian authorities are investigating a crypto trading app called "Datameer," accused of defrauding over 700 individuals of INR 10 million (approximately $119,000), according to a local report. Sadar’s superintendent of Police and Cyber Wing head, Pankaj Kumar Rasgania, reportedly stated that the app launched in April 2024 and operated for ...
Bybit has obtained a provisional licence in Dubai two years after establishing its headquarters there. The crypto exchange, which is the second-largest by derivatives volume, noted in a recent press release that it has received a non-operational licence from the Virtual Asset Regulatory Authority (VARA). The provisional license allows Bybit ...
Indodax, a crypto exchange formerly known as Bitcoin Indonesia, reportedly experienced an attack within the last twelve hours. An unidentified party withdrew tens of millions of dollars worth of crypto assets from the platform. On September 11, blockchain analytics firm SlowMist raised alarms in a post on X, reporting that ...
U.S. Senate majority leader, Senator Chuck Schumer, has been accused of excluding cryptocurrency from his legislative priorities contrary to his earlier commitment to do so this year. In a recent X post, Fox News journalist Eleanor Terrett pointed out that Senator Schumer's latest "Dear Colleague" letter to his fellow Demcract ...
Nigeria's Securities and Exchange Commission (SEC) is reportedly preparing to initiate enforcement measures against businesses and individuals participating in unregulated cryptocurrency transactions. Emomotimi Agama, Director-General of the agency, announced that it would soon take action against entities offering cryptocurrency services without proper regulation, according to a report by the local ...
Indian crypto exchange CoinSwitch has launched a new suite of specialized investment services targeting High-Net-Worth Individuals (HNIs) and institutional investors. The new offering, which requires a minimum investment of ₹10 lakhs (approximately 623 USD), aims to provide a range of premium services, including tailored investment strategies, dedicated account management, professional ...
India’s financial regulator may grant two foreign-based crypto exchanges approval to operate in the country by March 2025. According to a report by local media outlet Business Standard, the country’s Financial Intelligence Unit (FIU) is currently reviewing registration applications from four offshore cryptocurrency exchanges. While the specific platforms remain undisclosed, ...
Zurich Cantonal Bank (ZFB), Switzerland's fourth-largest financial institution, has announced the launch of crypto-focused services for its customers. In a press release published on September 4, 2024, the bank detailed that these new services are fully integrated into its existing digital platforms, including ZKB eBanking and ZKB Mobile Banking. According ...
