Philippines Central Bank Plans CBDC Launch

by Александр Пирогов | Feb 13, 2024 | Blog News

The Bangko Sentral ng Pilipinas (BSP) is gearing up to introduce a Central Bank Digital Currency (CBDC) within the next two years to counter the growing popularity of cryptocurrencies in the country, as announced by Central Bank Governor Eli Remolona Jr. The BSP...

Kraken Secures Registration in Netherlands

by Александр Пирогов | Feb 9, 2024 | Blog News

Kraken, a cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) registration from the Dutch Central Bank (DCB) in the Netherlands, strengthening its presence in Europe. The move comes amid significant growth in the European crypto market,...

OKX Faces Regulatory Scrutiny in South Korea

by Александр Пирогов | Feb 9, 2024 | Blog News

South Korean regulators, including the Digital Asset Exchange Association (DAXA) and the Financial Intelligence Unit (FIU), are investigating cryptocurrency exchange OKX for alleged unregistered activity. The exchange is accused of promoting its centralized exchange...

Appeals Court Reverses Extradition Decision for Terraform Labs Co-Founder Do Kwon

by Александр Пирогов | Feb 9, 2024 | Blog News

The Appeals Court of Montenegro has overturned the High Court’s decision to extradite Do Kwon, co-founder of Terraform Labs, to the United States. The court cited procedural irregularities and lack of authority on the part of the High Court to make such an...

US Treasury Reports on Crypto’s Role in Illicit Finance

by Александр Пирогов | Feb 9, 2024 | Blog News

The U.S. Treasury’s 2024 National Risk Assessments reveal an alarming trend of criminals turning to cryptocurrencies for illegal activities like money laundering and terrorist financing. The reports highlight challenges such as non-compliance among Virtual Asset...

ADGM Partners with Solana Foundation to Advance DLT Development

by Александр Пирогов | Feb 9, 2024 | Blog News

Abu Dhabi Global Market (ADGM) has inked a memorandum of understanding with the Solana Foundation to propel the advancement of distributed ledger technology (DLT). While specific measures were not disclosed, the collaboration aims to explore development opportunities...