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The Korea Federation of Banks (KFB) reportedly intends to require domestic cryptocurrency exchanges to hold at least 3 billion won (around $2.26 million) as a reserve. The local authorities have…
The exchange operator is implementing new KYC requirements for users from September 2023 to comply with developing global regulatory guidelines.
The Australian Securities and Investment Commission (ASIC) has sentenced Melbourne-based cryptocurrency lending firm Helio for falsely claiming it held an Australian credit license (ACL) in August 2019. According to an…
Singapore authorities have arrested 10 foreign nationals suspected to be involved in money laundering and forgery, among other illicit activities, and have seized or frozen cash, assets, and crypto worth…
Dante Disparte, the chief strategy officer and head of global policy of the second-largest stablecoin issuer Circle, has blasted crypto firms that create counterfeits of the U.S. dollar. According to…
Dean Skurka stated that although regulations have increased costs, they have also led to greater interest in crypto from institutions.
The U.S. Securities and Exchange Commission is leaving securities enforcement up to the CFTC when it comes to cryptocurrency. While the commission rushes ahead of Congress to write the entire…
Following last year’s stablecoin implosion, international leaders have emphasized the importance of setting up global regulations and norms for this sector. Despite such calls, only a few have taken concrete…
The leading financial technology company – Revolut – reportedly plans to increase its global cryptocurrency team by hiring up to 20% more employees by the end of 2023. The move…
Binance became the first fully licensed cryptocurrency exchange in El Salvador after receiving Bitcoin Services Provider license (BSP) and Digital Assets Services Provider license (DASP) from the domestic regulators. The…