Crypto.com Soars With UK Regulatory Approval, Introduces New Product Offering As Authorized EMI
Singapore-based cryptocurrency exchange Crypto.com has obtained authorization from the UK’s Financial Conduct Authority (FCA) to act as an electronic money institution (EMI). According to a December 4 announcement, this...
Binance Promotion In The Philippines: Here’s Why You Could Face Up To 21 Years...
According to a Reuters report, the Philippines Securities and Exchange Commission (SEC) has taken steps to restrict access to Binance, the world’s largest cryptocurrency exchange in terms of trading...
Crypto Scam Artist Obliged To Pay $1.2M For NFT Theft By Impersonating Apple Support
In the latest crypto investigation by US authorities, a Los Angeles man was sentenced to eight years in federal prison and ordered to pay $1.2 million in restitution to...
Binance’s CEO Sets Out Bold Vision: Revealing Future Plans Post-CZ’s Exit
In a recent blog post, Richard Teng, the newly appointed CEO of Binance, shared his vision for the future of the crypto exchange following the departure of Changpeng Zhao...
Crypto Misfortune: European Central Bank Chief’s Son Hit By 60% Investment Loss
According to a Reuters report, European Central Bank (ECB) President Christine Lagarde revealed that her son experienced substantial losses in his crypto investments, disregarding numerous warnings.
Lagarde, a vocal critic...
Singapore Implements New Rules: Crypto Trading Restrictions Now In Effect
According to a Bloomberg report, Singapore has proposed additional regulations to reinforce its stance against retail speculation in crypto assets. The new measures include prohibiting individual investors from borrowing...
Former Bithumb Chairman Faces Eight-Year Prison Sentence For $85 Million Fraud
In a recent development, South Korean prosecutors have requested an eight-year prison sentence for Lee Jung-hoon, the former chairman of the board of directors of Bithumb, the country’s second-largest...
New York Tightens Crypto Regulations, Issues New Rules For Listing And Delisting
The New York Department of Financial Services (NYDFS), overseeing the city’s financial ecosystem and responsible for the crypto regulations in New York, issued new guidance on crypto on Wednesday....
Crypto Custody Triumph: Commerzbank Sets Precedent As First Major German Bank To Obtain License
Commerzbank AG, one of Germany’s leading full-service banks, has obtained a crypto asset custody license, marking a significant milestone in the country’s financial landscape.
This regulatory approval positions Commerzbank as...
G20 To Establish Unified Crypto Regulation, Urges Countries To Share Information
Due to the ever-changing nature of cryptocurrency technology, it has always been subject to regulatory amendments around the globe. The G20, a group of 20 developed economies, has opted...
