The European Union is rolling out strict new Anti-Money Laundering rules that will ban privacy coins and anonymous crypto accounts starting in 2027. Under the AML Regulation (AMLR), banks, financial firms, and crypto service providers will no longer be allowed to offer or support anonymous accounts or privacy-focused cryptocurrencies like Monero and Zcash. The move …
Tether announced plans to launch a new stablecoin product in the United States as early as the end of 2025 or early 2026. The timeline depends on how quickly the U.S. Congress moves forward with stablecoin legislation. Tether emphasized that regulatory clarity will be key to the rollout. CEO Paolo Ardoino also highlighted that USDT, …
PayPal has confirmed that the U.S. Securities and Exchange Commission has ended its investigation into the company’s U.S. dollar-backed stablecoin, PYUSD, without taking any action. In a regulatory filing on April 29, PayPal said the SEC notified them that the case was closed. The investigation began after PayPal received a subpoena from the SEC’s Division …
Italy’s central bank has issued a stark warning as the crypto market rallies sharply, sounding the alarm over potential global financial instability. The surge, largely attributed to renewed political support from U.S. President Donald Trump following his return to office, has revived bullish sentiment across digital assets. #Esceoggi #29aprile il 1° Rapporto sulla #StabiliitàFinanziaria del …
The U.S. federal court has permanently barred the Office of Foreign Assets Control (OFAC) from reimposing sanctions on Tornado Cash, a crypto mixing service. The ruling, issued on April 28 by Austin federal court judge Robert Pitman, could set a significant precedent in determining whether open-source crypto protocols can be held liable for how their …
Senate Majority Leader John Thune has informed Republican lawmakers that a vote on the GENIUS Act, a crucial piece of legislation aimed at regulating stablecoins, is expected before the May 26 Memorial Day break. The bill introduced by Senator Bill Hagerty in February and passed by the Senate Banking Committee in March, seeks to regulate …
Trump Media and Technology Group, the parent company of Truth Social and Truth Plus, is planning to launch a new utility token as part of a broader expansion strategy. CEO Devin Nunes shared these updates in a letter marking the company’s first year as a public entity, detailing new features, investments, and upcoming crypto integrations. …
FTX has launched legal action against NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for failing to deliver tokens it is entitled to under contract. This step follows numerous attempts to resolve the issue without litigation. FTX plans to reach out to other token and coin issuers with outstanding assets and will file additional lawsuits …
Even after FTX collapse, the exchange isn’t stepping out of the spotlight. In the latest FTX News update, the bankrupt crypto exchange has launched a legal offensive to recover assets in a fresh effort to speed up FTX repayments. According to a new press release on PR Newswire, FTX has filed lawsuits against NFT Stars …
Coinbase is requesting the SEC to remove the ban on staff buying, selling, or using cryptocurrencies that aren’t classified as securities. They believe that it will help regulators better understand and manage the crypto market. In letters dated April 22, Coinbase’s CLO, Paul Grewal, requested that the SEC Chair, Paul Atkins, and the U.S. Office …
World Liberty Financial (WLF) — a crypto project backed by the Trump family — has officially partnered with the Pakistan Crypto Council (PCC) to supercharge blockchain innovation, stablecoin adoption, and DeFi growth across Pakistan. Historic Meeting with Pakistan’s Top Leaders WLF’s leadership recently met with Pakistan’s Prime Minister, Army Chief, Finance Minister Muhammad Aurangzeb, and …
The crypto landscape in India remains a grey area, with the Asian superpower yet to establish a comprehensive crypto regulation framework. However, recent developments indicate that India is moving toward stricter oversight of the cryptocurrency industry. The Financial Intelligence Unit of India (FIU-IND) has ordered all crypto exchanges operating in the country to update their …
As inflation rises and economic uncertainty deepens, Switzerland is facing fresh pressure to rethink its Bitcoin reserve strategy. A group of crypto advocates has launched a referendum, urging the Swiss National Bank (SNB) to add Bitcoin alongside gold to its reserves as a safeguard against global instability. Swiss National Bank Rejects Bitcoin Reserve Push Despite …
Senator John Ossoff of Georgia is the latest Democrat in Congress who believes that US lawmakers should impeach Trump despite him barely reaching the 100-day mark in his current term. The comment comes after Trump offered a ‘Gala Dinner’ for the top 220 holders of his memecoin TRUMP. “When the sitting president of the United …
At his first public event as SEC chairman, Paul Atkins made it clear he’s backing crypto innovation. Speaking at a crypto roundtable on Friday, Atkins promised to push for securities policies that better support crypto assets. He said the SEC plans to revisit rules for crypto brokers and custody, and acknowledged that the agency can …
Ljubljana, the capital of Slovenia, has just hit a massive milestone by securing the top spot as the world’s most crypto-friendly city, according to the 2025 Crypto Cities Index by Multipolitan. Beating out the biggest cities like Hong Kong, Zurich, and Singapore, Ljubljana is quickly becoming a leader in using crypto every day. Let’s take …
Roger Ver, once known as “Bitcoin Jesus,” is now facing serious charges, including mail fraud, tax evasion, and filing false returns. But Ver isn’t relying on the courts alone—he’s taking his fight to Capitol Hill. $600K Lobbying Effort to Influence Congress According to filings, Ver paid $600,000 to Trump ally Roger Stone to lobby Congress …
The crypto community has long awaited a pro-crypto era in the U.S., hoping for clearer regulations and support for innovation. Half of that vision began to take shape when Trump took office, promising to make the U.S. the crypto capital of the world. Now, the other half is falling into place as Paul Atkins is …
Legacy financial institutions, from global banks to regulators have never been this pro-crypto until President Trump took office. In what can be termed as a seismic shift, global banking giants like Deutsche Bank and Standard Chartered are now planning to expand their presence in the U.S, according to a recent Wall Street Journal report. Although …
Binance has announced that all users in India, both new and existing, are required to complete a Know Your Customer (KYC) re-verification process. This step is part of the exchange’s ongoing efforts to meet global compliance standards and strengthen account security. In line with India’s anti-money laundering (AML) laws, Binance is requesting users to provide …
U.S. President Donald Trump slammed Fed Chair Jerome Powell on Thursday, saying he’s “always too late and wrong” for not cutting interest rates. Trump believes the Fed should have acted way sooner to support the economy. He notes that the European Central Bank might have already cut rates multiple times while Powell has been slow …
Crypto prices dropped after U.S. Federal Reserve Chair Jerome Powell warned that higher tariffs and rising prices could slow down the economy. Speaking in Chicago, he said these changes might lead to stagflation, a mix of high inflation and low growth. Powell also talked about keeping the Fed independent from politics and pointed out how …
China has built up a large stash of cryptocurrencies from illegal activities, and now local governments are looking for ways to sell off the holdings. Courts and financial industry have raised concerns calling out on clearer rules to handle these digital assets. Despite its 2021 ban on crypto trading, recent reports reveal that China has …
The long-standing legal battle between Ripple and the SEC may be nearing a historic resolution. In a court filing dated April 10, both parties agreed to pause their appeals as they enter active settlement discussions, sparking speculation that the incoming SEC Chair, Paul Atkins, may be ready to drop the case altogether. The filing noted …
UK government minister Lucy Powell’s X account was recently hacked to promote a fake cryptocurrency called “$HCC” claiming to be a “House of Commons” coin, BBC reported. House of Commons Leader’s Account Hacked to Promote Fake Coin The now deleted posts on the House of Commons leader’s account described the coin as “a community-driven” digital …
South Korea is cracking down on unregistered crypto platforms as a statement released on Monday revealed that the regulators have asked Apple to block 14 related apps from the local App Store in a move to tighten the oversight of illegal crypto activity and protect the users. Major exchanges like KuCoin and MEXC are being …
Crypto Exchange Kraken has started rolling out commission-free trading for over 11,000 US listed stocks and ETFs. The service is now available for users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia, who can trade stocks and ETFs directly within their Kraken account. Seamless Trading of …
Binance executives recently met with the US Treasury officials in order to discuss reducing government oversight and a potential collaboration with Trump-backed crypto company World Liberty Financial as per a report from Wall Street Journal. Executives Ask To Ease Oversight The executives reportedly asked to ease the government oversight and requested the removal of a …
A local court in China recently sentenced nine Chinese fraudsters to prison terms over defrauding Indians of about $6 million through USDT fraud. Notably, the scheme involved using translation and chat software to befriend foreigners, gain their trust and trick them into investment by defrauding their money. Over 66,000 Indians Fell To the Scam The …
Ripple CEO Brad Garlinghouse recently spoke about the end of XRP’s legal fight as the new SEC Chair has officially been appointed, in an interview with Fox Business. He highlighted the recent shift in the US government’s crypto stance and also noted a crucial area that still needs clarification. In the interview, Garlinghouse discussed the …