Paul Atkins, newly appointed chair of the Securities and Exchange Commission (SEC), will steer the agency’s direction amidst a changing crypto landscape. Following Gary Gensler’s departure after four […]
FCA Renews CEO for Five Years in Continued Show of Regulatory Stability
The UK’s Financial Conduct Authority (FCA) has secured stability by reappointing Nikhil Rathi as its CEO for another five-year term, announced on October 25th, 2023. This decision has […]
China Takes Action Against Illegal Financial Activities in 2025
In a strategic meeting held in Beijing on April 10, 2025, the Chinese government unveiled comprehensive plans to combat illegal financial practices. The Inter-Ministerial Joint Conference and a […]
South Korean Banks Seek to End Crypto Exchange Rule
Major South Korean banks are advocating for the elimination of the one-to-one cryptocurrency exchange rule currently governing digital asset trading platforms. This proposal aims to ease restrictions on […]
EU Official Raises Concerns About Cryptocurrency’s Impact on Global Finance
European regulators are expressing growing apprehension about the potential destabilizing impact of cryptocurrency on traditional financial systems. Natasha Cazenave, Executive Director at the European Securities and Markets Authority […]
EU Raises Alarm About Crypto Risks Despite MiCA Regulation
Cryptocurrencies have transitioned from fringe digital assets to major investment products, capturing significant market share and attracting growing attention from financial institutions. However, this rapid growth has triggered […]
Senate Approves Paul Atkins for SEC Chair: Impact on Crypto Regulation Looms
The Senate will hold a vote to confirm Paul Atkins as Chairman of the Securities and Exchange Commission (SEC) on April 10, 2025. This decision could significantly impact […]
Australia to Shut Down 95 Firms Tied to Cryptocurrency Scams
The Australian Securities & Investments Commission (ASIC) plans to close down 95 firms suspected of involvement in cryptocurrency and romance scams. This action is scheduled for late 2023, […]
House Passes Bill to Regulate Stablecoins as Debate Continues
The House Financial Services Committee has taken a significant step towards regulating stablecoins with the passage of the STABLE bill. This legislation, introduced by Chair French Hill and […]
OKX Ordered €1.2 Million Fine for AML Violations, Faces Regulatory Scrutiny
The FIAU flagged breaches in Customer Risk Assessment (CRA) procedures, highlighting a system-wide failure to conduct such assessments for approximately half of the customer files examined. It also […]
House Approves Bill Limiting Fed’s Role in Digital Currency
The House Financial Services Committee has approved the CBDC Anti-Surveillance State Act, limiting the Federal Reserve’s ability to issue a Central Bank Digital Currency (CBDC). The bill passed […]
US Court Fines UAE Crypto Firm $428K for Wash Trading
The US state of Massachusetts is cracking down on illegal cryptocurrency market practices, with a federal court sentencing CLS Global, a UAE-based crypto financial services firm, to a […]
Congress Weighs In: Stablecoin Regulation Takes Center Stage
The U.S. House of Representatives Financial Services Committee has initiated a series of discussions concerning the potential regulation of stablecoins. This bill, aiming to introduce new rules for […]
Genius Group Battles Legal Hurdles While Attempting to Liquidate Bitcoin Holdings
Singapore-based education and technology company, Genius Group, is facing significant legal hurdles in attempting to liquidate its Bitcoin holdings. A recent court ruling by the Southern District Court […]
US House Advances Anti-CBDC Bill, Prepping for Vote
The US House Financial Services Committee has taken a major step forward by advancing a bill aimed at prohibiting federal banks from issuing or using central bank digital […]