Bank of Korea Launches New Crypto Oversight Unit The Bank of Korea has taken a significant step towards embracing the growing influence of cryptocurrencies by announcing the formation of a new crypto oversight team. This move comes in response to the increasing popularity and adoption of digital currencies, as well as the need for more […]
Hong Kong to ban stablecoin promotions without a licence
Hong Kong to Ban Stablecoin Promotions Without a License Hong Kong is set to implement new regulations regarding the promotion of stablecoins in the city. Under these rules, only firms that have been licensed by the Hong Kong Monetary Authority (HKMA) will be allowed to promote fiat-referenced stablecoins. This move is aimed at ensuring the […]
Malta’s rapid crypto approvals under EU review
Malta’s Crypto Licensing Process Under Scrutiny by EU Regulators Malta, often hailed as a blockchain and cryptocurrency-friendly hub, is now facing increased scrutiny from the European Union regarding its rapid crypto approvals. The European Securities and Markets Authority (ESMA) recently conducted a review, revealing that Malta’s crypto licensing process may have overlooked crucial areas such […]
Hungary enforces prison terms for unauthorised crypto trading
Hungary’s Decision to Enforce Prison Terms for Unauthorized Crypto Trading Leaves Industry in Limbo Hungary’s recent move to impose prison terms for unauthorized cryptocurrency trading has sent shockwaves through the digital asset industry. The decision comes as part of a broader crackdown on unregulated financial activities in the country, leaving many Hungarian crypto firms scrambling […]
Bank of Korea sounds alarm over unregulated stablecoins
The Risks of Unregulated Stablecoins: Bank of Korea’s Warning South Korea’s central bank, the Bank of Korea, recently raised concerns over the proliferation of unregulated stablecoins in the financial market. The warning issued by the central bank highlighted the potential economic chaos that could ensue if multiple stablecoin issuers are allowed to operate without clear […]
Sanctions proposed on Bukele amid El Salvador’s crypto controversy
Sanctions Proposed on Bukele amid El Salvador’s Crypto Controversy El Salvador’s President, Nayib Bukele, has been in the spotlight recently for his bold move to adopt Bitcoin as a legal tender in the country. This decision has sparked a wave of controversy, with critics raising concerns about the potential risks and implications of such a […]
UK Arrests Four Linked to M&S, Harrods Cyberattacks
UK Arrests Four Linked to M&S, Harrods Cyberattacks The UK’s National Crime Agency has recently made significant progress in combating cybercriminal activities by detaining three teenage males and one 20-year-old female in the West Midlands and London. These individuals are suspected of violating the Computer Misuse Act, engaging in blackmail, money laundering, and participating in […]
Turkey sets sights on DeFi platforms after PancakeSwap ban
Turkey Sets Sights on DeFi Platforms After PancakeSwap Ban The cryptocurrency landscape is constantly evolving, with new regulations and bans being implemented by governments worldwide. Recently, Turkey made headlines by banning the popular decentralized exchange PancakeSwap. This move has sparked concerns among DeFi platforms operating in the country, as non-custodial wallets and DEXs could also […]
New Zealand bans crypto ATMs and limits cash transfers
New Zealand Takes a Stand: Bans Crypto ATMs and Limits Cash Transfers In a bold move to curb financial crimes, New Zealand has recently implemented stringent measures to crack down on illicit fund transfers. The country’s decision to ban crypto ATMs and impose restrictions on cash transfers comes as a response to the rising concerns […]
Europol backs Spain in dismantling crypto crime ring
Europol Backs Spain in Dismantling Crypto Crime Ring Europol recently threw its weight behind Spain in a significant crackdown on a crypto crime ring that had been operating with impunity for some time. The criminal gang in question had allegedly laundered a staggering €460 million through a sophisticated network of fake companies and digital wallets. […]