Regulatory Updates
Circle Achieves Compliance with EU Crypto Regulations, Paving the Way for Global Stablecoin Expansion
On Tuesday, 2 July, 2024, Circle, the issuer of USD Coin (USDC) and Euro Coin (EURC) stablecoins, announced a groundbreaking achievement in the...
Bolivia Central Bank Updates Regulations to Include Virtual Asset Transactions
On 26 June, 2024, the Central Bank of Bolivia, Banco Central de Bolivia (BCB) issued Press Release CP35/2024, with significant updates to...
Denmark Considers Regulating Self-Custody Bitcoin Wallets and DeFi Interfaces, Sparking Industry Debate
Denmark is taking a significant step in the cryptocurrency world by considering regulations for self-custody Bitcoin wallets and decentralized...
ATO Tightens Crypto Tax Compliance with Enhanced Data Collection Program
The Australian Tax Office (ATO) is closely tracking crypto gains as the financial year ends on June 30, 2024. This year, the ATO has significantly...
Ripple President Monica Long Discusses Ripple’s Future and XRP ETF Prospects Amid Legal Battles
Monica Long, president of Ripple on 25 June, 2024, illuminated the company's advancements and future opportunities in light of a favorable court...
Singapore MP Tin Pei Ling Joins MetaComp as Co-President, Eyes Sustainable Finance Growth
Tin Pei Ling, the Singapore Member of Parliament for MacPherson, has taken on a new role as co-president of MetaComp, a digital payment token...
Hong Kong Establishes Subcommittee to Draft Cryptocurrency Regulations, Aiming to Lead Digital Asset Space
Hong Kong in efforts towards becoming a leading regional hub for digital assets with the establishment of a new subcommittee dedicated to drafting...
Senator Cynthia Lummis Hails Passage of Pro-Bitcoin Bill, Emphasizes States’ Rights
Senator Cynthia Lummis (R-Wyo) celebrated the recent passage of a pro-Bitcoin bill in Louisiana, marking a significant moment for states' rights in...
U.S. Spot Bitcoin ETFs Witness Significant Outflows Amid Bitcoin Price Slump
U.S. spot bitcoin exchange-traded funds (ETFs) recorded a substantial net outflow of $174.45 million on Monday, marking their seventh consecutive...
Ripple Faces Trial Over Securities Litigation as California Judge Partially Denies Motion for Summary Judgment
A California judge on Friday 21 June 2024, ruled that the civil securities litigation against Ripple Labs Inc. will proceed to trial, creating...
3iQ Digital Asset Management Files Preliminary Prospectus for North America’s First Solana ETF
On 21 June 2024, 3iQ Digital Asset Management, a leading Canadian digital asset investment firm, has filed a preliminary prospectus for The Solana...
ED Arrests Manideep Mago in Massive Illegal Foreign Remittances Case Involving Crypto Transactions
The Directorate of Enforcement (ED) on 19 June, 2024 has arrested Manideep Mago under the provisions of the Prevention of Money Laundering Act...