Following the inclusion of Tornado Cash’s cryptocurrency mixing service platform on the sanctions list maintained by the United States Treasury Department, the protocol’s developer, Alex Pertsev, has also been taken into custody by authorities in the Netherlands. A demonstration was held in Amsterdam on Saturday in response to the arrest of Pertsev; approximately fifty people … Read more
The Monetary Authority of Singapore (MAS) has awarded the Standard Payment Institution License to the Digital Trader BHEX.SG. BHEX.SG, a platform for digital trading assets, has been granted a standard payment institutional license by the central bank of Singapore, popularly known as the Monetary Authority of Singapore (MAS). An announcement published by BHEX.SG suggests that … Read more
Local commercial banks have been explicitly instructed by the South African Reserve Bank, also known as the Central Bank of South Africa, to collaborate with cryptocurrency exchanges and crypto asset service providers (CASPs). On Thursday, the Central Bank of the country issued a guidance letter to commercial banks regarding how they should handle transactions involving … Read more
The Federal Deposit Insurance Corporation (FDIC) today sent cease-and-desist letters to five cryptocurrency companies, one of which was FTX US, the U.S.-based branch of CEO Sam Bankman-cryptocurrency Fried’s exchange FTX. The other three companies were: Cryptonews.com, Cryptosec.info, SmartAsset.com, and the FDIC cover the cryptocurrency industry. On Friday, cease and desist letters were delivered to Crypto.com … Read more
A cryptocurrency lending company based in Singapore called Hodlnaut has provided an update to the community regarding its judicial management filing and has also disclosed two alarming updates. First, the platform announced that it would be laying off 80% of its workforce, which would amount to approximately 40 workers, “in order to lower the company’s … Read more
Crypto.com Has Obtained the Necessary Regulatory Approvals to Begin Operating in the United Kingdom Today, Crypto.com announced that it had received regulatory authorization to operate as a cryptocurrency business from the Financial Conduct Authority (FCA) in the UK. The file that was made with the FCA indicates that the exchange is registered under the name … Read more
The CEO of Binance explained in a thread that, similar to the worldwide crypto news site Block three years prior, the influential Chinese news outlet 163 was promoting FUD by publishing false information. The CEO of the world’s largest cryptocurrency exchange, Changpeng Chao (CZ), blasted the big Chinese news outlet 163 for releasing false information … Read more
Key Takeaway Gemini is a major cryptocurrency exchange with its headquarters in New York City. On Thursday, Gemini announced that it had launched a staking program called “Gemini Staking.” This program enables customers to stake their assets within their Gemini accounts and earn rewards or interest on those assets. The service makes it possible for … Read more
According to the authorities, customers in South Korea could lose access to over a dozen cryptocurrency exchanges as a result of recent actions taken by local authorities to crack down on foreign companies that are operating illegally in the country without obtaining the required registration. According to a news statement published by the Financial Services … Read more
The recent market crash has caused the financial world to be hesitant to trade Bitcoin. However, several small British Overseas Territories, the Channel Islands, silently provide tax incentives to potential investors to move their investments into crypto. This is happening while the rest of the world is hesitant to trade Bitcoin. Jersey and Guernsey, the … Read more