Regulatory Updates
Binance Faces Regulatory Scrutiny and Fines in India and Canada Amid Global Compliance Push
The Director of the Financial Intelligence Unit of India (FIU-India) has determined that Binance operated in India without fulfilling its statutory...
Tether Launches Gold-Backed Stablecoin ‘Alloy’
Tether, one of the largest companies in the cryptocurrency industry, has officially launched Alloy by Tether, a new asset backed by Tether Gold....
U.S. Supreme Court to Rule on Nvidia’s Alleged Crypto-Mining Revenue Disclosure Deception
The US Supreme Court has decided to review a significant case involving Nvidia Corp.’s disclosure of its crypto mining revenue, a decision that...
El Salvador Proposes Bitcoin Bank to Boost Financial Services and Investment
El Salvador’s President Nayib Bukele has proposed the establishment of a Bank for Private Investment (BPI) to diversify financial services offered...
Australia’s ASX Approves First Spot Bitcoin ETF
The Australian Securities Exchange (ASX) has approved its first spot Bitcoin exchange-traded fund (ETF), which will commence trading on 20 June,...
Taiwan Crypto Industry Takes Initiative With New VASP Association to Set Industry Standards
In a move towards self-regulation ahead of anticipated government action, 24 leading cryptocurrency companies in Taiwan have joined forces to...
FlowBank Declared Bankrupt by FINMA, CoinShares Among Major Stakeholders
The Swiss Financial Market Supervisory Authority (FINMA) on 13 June, 2024, announced the commencement of bankruptcy proceedings against FlowBank....
The Open Network (TON) Revives Telegram’s Blockchain Dream: Paving the Way for Seamless Crypto Adoption
The Open Network (TON) is emerging as a beacon of promise in the blockchain world. Initially built to enhance Telegram, one of the world's most...
Terraform Labs and Do Kwon to Pay $4.47 Billion Settlement to SEC: Company Winds Down as Community Takes Over
On June 12, 2024, Terraform Labs, the firm behind the defunct LUNA and TerraUSD, along with co-founder Do Kwon, reached a monumental settlement...
Trump Pledges Support for Bitcoin, Promises to Safeguard Crypto Industry
In a recent event, CleanSpark Inc.'s Executive Chairman Matthew Schultz shared insights on Donald Trump's evolving stance on cryptocurrency. Trump,...
Digital Economic Council of Australia: A Transformative Leap Beyond Blockchain
The leading industry association formerly known as Blockchain Australia has rebranded as the Digital Economic Council of Australia (DECA). This...
South Korean Bank Employee Admits to Embezzling $7.3 Million for Crypto Investments
An employee at South Korea’s Woori Bank has confessed to embezzling $7.3 million from company funds to invest in cryptocurrency. The unnamed...