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Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars
Authorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they…
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted…
US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds
The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in…
Crypto Exchange Binance Ceases Derivatives Trading in Australia
Amid regulatory scrutiny worldwide, global cryptocurrency exchange Binance has announced that it will cease offering futures, options, and leveraged tokens to Australian users in 90 days. Changes Coming to Binance…
Coinbase Abandons Plan to Launch Lend Program After SEC Threatens Lawsuit
The Nasdaq-listed cryptocurrency exchange Coinbase has dropped its plan to launch a lending program after the U.S. Securities and Exchange Commission (SEC) threatened to sue the company. Coinbase Will Not…
Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments
Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by…
US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report
Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC).…
Paypal Completes Rollout of Crypto Offering in UK: First International Expansion Outside US
Paypal has completed the first international expansion of its cryptocurrency offering outside of the U.S. Paypal Crypto is now available to customers in the U.K. allowing them to buy, hold,…
Luno to Reinstate Deposit and Withdrawal Function for Nigerian Clients — Denies User Speculation
One of the African continent’s leading cryptocurrency exchanges, Luno, has told its Nigerian users that it is “in the process of reinstating deposit and withdrawal functions on our platform.” According…