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, now awaits President Recep Tayyip Erdoğan's approval. If signed, it will ...
Hashed Ventures, a crypto venture capital firm based in Seoul, South Korea, is set to expand its operations into Abu Dhabi through a strategic partnership with the city's tech ecosystem group, Hub71, according to Bloomberg. CEO Simon Kim reportedly announced that the firm will establish a local office in Abu ...
The European Council has unveiled its 14th package of sanctions, focusing on crypto providers outside Europe that support Russia's defense-industrial base. This latest round of measures aims to tighten restrictions on key sectors of the Russian economy, including energy, finance, and trade. According to a press release, the Council has ...
Hong Kong officials have made a strong pitch to attract Canadian crypto and Web3 startups to set up shop on the island. At the Collision 2024 tech conference in Toronto, Emily Mo, director of the Hong Kong Economic and Trade Office in Toronto (Toronto ETO), led the charge, highlighting Hong ...
India's Financial Intelligence Unit (FIU) has fined Binance over 188.2 million rupees (approximately 2.25 million USD) for failing to register and comply with the country's anti-money laundering (AML) regulations. The FIU announced that Binance violated multiple AML rules and directives aimed at combating the financing of terrorism, and its investigation ...
Brazil's tax authority, the Special Department of Federal Revenue of Brazil (RFB), is set to summon foreign cryptocurrency exchanges operating within the country to clarify their operations and cooperation with local service providers, according to a new report from Reuters. Officials from the agency told Reuters that an ordinance expected ...
President Joe Biden's renomination of Caroline Crenshaw for a second term as U.S. Securities and Exchange Commissioner has sparked significant debate within the cryptocurrency community. Fox Business journalist Eleanor Terrett broke the news on X while also highlighting Crenshaw's history of voting against the approval of Bitcoin spot ETFs and ...
Biconomy has introduced a new tool that represents a major advancement in combining artificial intelligence (AI)with cryptocurrency management. The tool, called the Delegated Authorisation Network (DAN), is designed to let AI help manage users manage crypto transactions securely. According to the Biconomy team, "DAN is an off-chain authorization network designed ...
Australians can no longer use credit cards and digital currencies for online betting as part of the government's effort to prevent people from gambling with money they don't have. On June 11, The Canberra Times reported that the Australian government had banned the use of digital currencies and credit cards ...
Mriganka Pattnaik, co-founder and CEO of crypto risk and intelligence platform Merkle Science, has stated that though smart contract vulnerabilities remain a security concern, the growing number of financial losses and hacks in the crypto sector cannot be linked to them. According to Pattnaik, hackers are shifting their focus to ...
