Authorities have successfully taken down multiple domains associated with LUMMAc2, a sophisticated malware designed to steal cryptocurrency seed phrases from victims’ devices. This crackdown marks a significant step in combating cybercrime targeting the crypto community. This week, the FBI disrupted LummaC2, a popular infostealer service, which conducted millions of attacks ...
India’s Supreme Court has expressed serious concerns about the absence of a clear regulatory framework for cryptocurrencies, highlighting the risks posed by unregulated Bitcoin trading. During a recent bail hearing for Shailesh Babulal Bhatt, accused of illegal Bitcoin trading, the bench—comprising Justices Surya Kant and N Kotiswar Singh—questioned why the ...
Australia has appointed Tim Wilson as the new Assistant Minister for Technology. This appointment is part of the government's effort to strengthen cryptocurrency regulations and promote innovation in the digital economy, highlighting a commitment to balancing tech advancement with oversight in the crypto sector. The Australian government has been actively ...
The UK government has unveiled a 27-page draft legislation aimed at bringing cryptocurrency activities under formal financial regulation for the first time. This move seeks to foster innovation while protecting consumers by extending existing financial rules to digital assets like stablecoins, crypto exchanges, and custodial services. The proposed regulations require ...
China’s central bank, the People’s Bank of China (PBOC), has reportedly instructed state-owned lenders to reduce dollar purchases in the foreign exchange market. This move signals Beijing’s growing efforts to stabilize the yuan and counterbalance the economic pressures of a strong U.S. dollar. Sources familiar with the matter revealed that ...
UK Treasury official Bim Afolami has criticized what he perceives to be an overregulation of the nation's crypto landscape. Speaking at an event on May 8, 2024, Afolami emphasized the importance of ensuring that regulatory scrutiny does not undermine the crypto industry's growth and innovation potential. Afolami claimed that the ...
The U.S. Senate has given the green light to the $886 billion 2024 National Defense Authorization Act (NDAA), a critical piece of legislation that determines the use of federal resources by the nation's defense department. Notably, this bill includes a significant clause aimed at regulating the cryptocurrency industry, focusing on ...
After undergoing a rigorous examination of its operations, Crypto.com is now fully registered as an authorized cryptocurrency service provider in the Netherlands.It joins the 36 cryptocurrency-related businesses that have been given regulatory approval by the De Nederlandsche Bank (DNB). Notable crypto companies like Coinbase Europe, eToro, and Bitstamp are also ...
The Financial Stability Board (FSB) of the G20 has recommended a global regulatory framework for crypto-asset activities. This framework is a response to the G20's request for an effective regulatory, supervisory, and oversight framework for cryptoassets like Bitcoin. In their recent publication on July 17, 2023, FSB noted that strong ...
The Reserve Bank of New Zealand (RBNZ) has announced its commitment to intensify monitoring of stablecoins and the crypto-assets sector within the country. However, the central bank has clarified that it will not be implementing a regulatory framework at this time. In a statement released on June 30, 2023, Ian ...
