Crypto.com Secures EU Approval for Crypto Derivatives In a significant move for the cryptocurrency industry, Crypto.com has successfully acquired Cyprus-based A.N. Allnew Investments to gain regulatory approval for offering crypto derivatives within the European Union. This strategic acquisition not only marks a milestone for Crypto.com but also opens up new avenues for the company to […]
ENISA unveils cyber stress testing handbook to strengthen critical infrastructure resilience under NIS2
ENISA Releases Cyber Stress Testing Handbook to Enhance Critical Infrastructure Resilience under NIS2 The European Union Agency for Cybersecurity, ENISA, has taken a significant step in fortifying the cybersecurity and resilience of critical infrastructure by launching a comprehensive handbook on cyber stress testing. This initiative aims to assist national and sectoral authorities in evaluating the […]
New crypto rules may ban Tether trading in Russia
New Crypto Regulations in Russia May Prohibit Tether Trading Recently, the world of cryptocurrency has been shaken by the news of potential regulations in Russia that could lead to a ban on trading Tether, one of the most popular stablecoins in the market. The proposed rules suggest that only stablecoins not linked to “hostile issuers” […]
Hong Kong breaks up cross-border crypto laundering ring
Hong Kong Cracks Down on Cross-Border Crypto Laundering Scheme In a recent development, authorities in Hong Kong have uncovered and dismantled a sophisticated cross-border cryptocurrency laundering ring. The operation involved the use of fraudulent bank accounts to convert scam proceeds into digital currencies, highlighting the growing challenges faced by regulators in combating financial crimes in […]
UK to enforce strict crypto transaction reporting
UK to Impose Heavy Fines on Companies for Inaccurate Crypto Transaction Reporting The United Kingdom is taking a bold step in the regulation of cryptocurrency transactions by announcing strict penalties for companies that fail to report or submit accurate data. Under the new regulations, companies will face fines of up to £300 per user for […]
Kick faces investigation after ignoring Ofcom risk assessment request
Kick Faces Investigation After Ignoring Ofcom Risk Assessment Request Popular social media platform Kick is currently under scrutiny as the regulatory body Ofcom investigates whether the company has appropriately conducted risk assessments for illegal content. This investigation comes after Kick failed to respond to a request from Ofcom for information regarding their risk assessment processes. […]
Coinbase expands into Canadian stablecoin market
Coinbase Expands into Canadian Stablecoin Market As the world of cryptocurrency continues to expand, Coinbase, one of the leading cryptocurrency exchanges, has set its sights on the Canadian stablecoin market. This move comes at a time when regulatory challenges have been hindering stablecoin adoption in Canada, with Coinbase advocating for clearer frameworks to facilitate the […]
SEC plans fresh rules for crypto securities
SEC Plans Fresh Rules for Crypto Securities The Securities and Exchange Commission (SEC) is gearing up to implement new regulations for crypto securities in response to what Chair Gary Gensler has deemed a regulatory failure. Currently, only four crypto issuers have registered with the SEC, highlighting a significant gap in oversight and investor protection within […]
Changpeng Zhao applies for presidential pardon after legal settlement
Changpeng Zhao Applies for Presidential Pardon After Legal Settlement Changpeng Zhao, the renowned figure behind the cryptocurrency exchange Binance, has recently made headlines by applying for a presidential pardon following a legal settlement. Despite this bold move, Zhao has clarified that he has no intentions of reclaiming his position as Binance’s CEO. The decision to […]
Tether plans US-based stablecoin launch by 2025
Tether Plans US-Based Stablecoin Launch by 2025 Tether, one of the leading names in the cryptocurrency world, is gearing up for a significant move by planning the launch of a US-based stablecoin by the year 2025. This development marks a notable shift for Tether, known for its international array of products, as it sets its […]