China Proposes Ban on Converting Game Tokens to Fiat Currency

by Александр Пирогов | Dec 27, 2023 | Blog News

China’s General Administration of Press and Publication (GAPP) has proposed guidelines for the online games industry, including a ban on converting in-game tokens to legal tender. The draft guidelines also suggest stricter regulations, requiring companies to...

Central Bank of Nigeria Revokes Banking Restrictions on Crypto Players

by Александр Пирогов | Dec 27, 2023 | Blog News

The Central Bank of Nigeria (CBN) has lifted banking restrictions on virtual asset service providers (VASPs) that were imposed in 2021. While banks in Nigeria are still prohibited from holding, trading, or transacting in virtual currencies, they can now facilitate...

Nexo’s Money Laundering Investigation in Bulgaria Closed Due to Lack of Evidence

by Александр Пирогов | Dec 27, 2023 | Blog News

Bulgarian authorities have reportedly closed the money laundering investigation against crypto lender Nexo, citing a lack of evidence of criminal activity, tax offenses, or computer fraud by the company’s executives. The investigation, which also looked into...

Coinbase & Circle Secures Regulatory Approval in France

by Александр Пирогов | Dec 22, 2023 | Blog News

Coinbase has obtained the Virtual Assets Service Provider (VASP) approval from the French regulator Autorité des Marchés Financiers (AMF). This approval enables Coinbase to offer cryptocurrency custody and trading services to both retail and institutional investors in...

New Hong Kong Crypto Rules Pose Challenges for Users

by Александр Пирогов | Dec 22, 2023 | Blog News

A set of rules governing inter-exchange deposits and withdrawals is set to take effect in Hong Kong on New Year’s Eve, creating hurdles for local crypto users. Hashkey Pro, a Hong Kong-based cryptocurrency exchange, outlined the new regulations, including...

Argentina Officially Recognizes Bitcoin for Contract Settlements

by Александр Пирогов | Dec 22, 2023 | Blog News

Argentina’s minister of foreign affairs, international trade, and worship, Diana Mondino, announced that the recent “Bases for the Reconstruction of the Argentine Economy” decree, aimed at economic reform and deregulation, includes provisions...