Regulatory Updates
Dapper Labs Reaches $4 Million Settlement, Affirms NBA Top Shot NFTs Are Not Securities
Dapper Labs has agreed to a $4 million settlement to conclude a class-action lawsuit alleging that its NBA Top Shot Moments nonfungible tokens...
Thailand SEC Approves First Spot Bitcoin ETF, Paving the Way for Digital Asset Adoption
In a landmark move for the cryptocurrency market, the Thailand Securities and Exchange Commission (SEC) has approved the country's first spot...
Australian Court relieves Block Earner from Penalty Despite Licensing Dispute
Australia's federal court has ruled in favor of fintech firm Block Earner, relieving it from paying a fine despite finding that it offered a crypto...
Binance to Delist Multiple Tokens Amid Regulatory Compliance Drive
Binance, the world’s largest cryptocurrency exchange by trading volume, announced its decision to delist several tokens, including OmiseGo (OMG),...
Hong Kong’s Crypto Crackdown: Unlicensed Exchanges Ordered to Cease Operations
All cryptocurrency exchanges that have not applied for an operational license with Hong Kong's Securities and Futures Commission (SFC) are now...
El Salvador’s Crypto-Friendly President Nayib Bukele Secures Another Five-Year Term
El Salvador's 42-year-old President Nayib Bukele, known for his strong support of cryptocurrency, is set to govern for another five years after...
China and UAE Unite to Combat Crypto-Related Cybercrime and Bolster Trade
China and the United Arab Emirates (UAE) have pledged to fortify their cooperation in the battle against cybercrime linked to cryptocurrency. This...
ESMA Mandates “Unwavering Commitment” to Client Interests in AI Usage for Financial Firms
The European Securities and Markets Authority (ESMA) has issued a significant directive requiring banks and investment firms to maintain an...
US Sec Brings Action Against Kraken For Securities Law Breaches
The United States Securities and Exchange Commission (SEC) has brought an action against Kraken alleging the comingling of customer funds and...
Rumoured That The US Doj May Fine Binance Us$4 Billion In Settlement Of Actions
It is rumoured that the United States Department of Justice (DOJ) may be prepared to accept a settlement of US$4 billion in fines from the crypto...
Crypto.Com Secures Vasp Licence In Dubai
Crypto.com's Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) license by Dubai's Virtual Assets...
Binance Partners With Gulf Energy To Launch Invitation-Only Crypto Exchange In Thailand
Binance is partnering with Gulf Energy Development, a local energy giant, to launch a cryptocurrency exchange in Thailand. Initially, the services...