cryptocurrency regulations

In a recent move aimed at safeguarding customers from fraudulent activities associated with cryptocurrency trading, the Commonwealth Bank of Australia (CBA) has announced that it will impose a cap of A$10,000 (equivalent to $6,663) per month on payments made to digital currency exchanges. According...

Cryptocurrency exchange Binance (CRYPTO: BNB) will suspend the trading of privacy-focused cryptocurrencies. The firm's decision is in response to the demands of financial institutions and regulatory bodies in France, Poland, and Italy. Among the affected tokens: Decred (CRYPTO: DCR), Dash...

BitFlyer, a cryptocurrency exchange based in Japan, announced on Tuesday that it is introducing stringent measures against money laundering in compliance with the "Travel Rule" initiated by the global financial watchdog, Financial Action Task Force (FATF). The rules mandate sharing...

An official from Dubai's financial watchdog has urged global regulators to intensify collaborative efforts to prevent the exploitation of loopholes in cryptocurrency regulations. Elisabeth Wallace, an associate director at the Dubai Financial Services Authority (DFSA), outlined the agency's...

Russian President Vladimir Putin has announced a list of 500 individuals who are now facing travel and financial restrictions, which includes BJ Kang, the head of investigations for Binance.US and a former FBI agent. This move is believed to be in response to recent sanctions imposed by the United...

Cryptocurrency derivatives exchange Bitget’s Managing Director Gracy Chen has expressed optimism about seeing progress on the policy front for the cryptocurrency industry over the coming years as policymakers “continue to understand” the challenges and opportunities...

Coinbase (NASDAQ: COIN) is engaging with regulators in the United Arab Emirates (UAE), namely the Abu Dhabi Global Market (ADGM), to expand the licensing and availability of its cryptocurrency exchange. Nana Murugesan, Coinbase VP of International and Business Development, predicts that this move...

The well-known cryptocurrency advocacy group Blockchain Association made the decision to relocate to Washington, D.C., and focus on federal policies as the regulatory pressure on the digital assets industry grows. What Happened: The organization is moving resources out of New...

Dubai's Virtual Assets Regulatory Authority (VARA) has issued a formal warning to the co-founders of the defunct crypto hedge fund Three Arrows Capital for launching and promoting their new digital asset exchange, OPNX, without obtaining the necessary license. The warning was addressed to the...

Hong Kong is encouraging banks to cater to the needs of licensed virtual-asset firms — a move that highlights the city's ambition to establish itself as a leading cryptocurrency center. Meanwhile, in the U.S., banks are tightening restrictions on the digital-asset sector. The Hong Kong...

The U.S. Congress House Subcommittee on Commodity Markets, Digital Assets and Rural Development will hold a hearing to explore the "regulatory gaps" in the regulation of cryptocurrency spot markets on Thursday. The panel of witnesses comprises experts in the field,...

The Securities and Exchange Commission (SEC) has charged cryptocurrency trading platform Bittrex, Inc., its co-founder and former CEO William Shihara, and Bittrex's foreign affiliate, Bittrex Global GmbH, with operating an unregistered national securities exchange, broker, and clearing agency....

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) announced Thursday that it has stopped accepting or initiating payments to or from Silvergate Capital Corp (NYSE: SI) out of an "abundance of caution."  On Wednesday, Silvergate delayed the filing of its annual report...

France is set to impose tougher registration rules on cryptocurrency firms as of January 2024, according to a proposal passed today (Tuesday) by the National Assembly. What Happened: The new rules will require additional measures on internal controls, cybersecurity and conflicts of...

Despite the ongoing market downturn in the cryptocurrency industry, illicit cryptocurrency transaction volume has risen for the second consecutive year, reaching an all-time high of $20.6 billion in 2022, according to a report by blockchain analytics firm Chainalysis. The estimate is a lower bound...