In the latest development, The National Bank of Cambodia has approved compliant stablecoin services but bans unbacked assets like BTC. The Central Bank of Cambodia now allows commercial banks and payment institutions to provide services involving Category 1 cryptocurrencies, i.e., backed or stable cryptocurrencies. However, unbacked cryptocurrencies, such as Bitcoin, remain prohibited. The development was …
While the EU’s cryptocurrency regulations are poised to take full effect in just a few days, there’s still significant uncertainty about Tether’s USDt stablecoin. Uncertainty Over Tether’s MiCA Compliance Recently, crypto exchange Coinbase delisted Tether’s USDT in mid-December citing compliance with the EU’s MiCA regulations. Even after Coinbase delisted USDT, the stablecoin has continued trading …
The world is talking about the potential impact of Donald Trump’s presidency on Bitcoin’s growth, with various analysts sharing their perspectives on how his policies could drive the cryptocurrency market forward. One key analyst highlights that Trump’s administration could significantly boost Bitcoin’s price by pushing for the tokenization of traditional assets, such as stocks from …
With the incoming pro-crypto administration under Trump, the U.S. Congress is expected to prioritize crypto legislation in 2025, focusing on key issues like stablecoins and the FIT21 Act. Notably, in 2025, several cryptocurrency bills could potentially be passed in the United States – Financial Innovation and Technology for the 21st Century Act (FIT21): This bill …
As 2024 draws to a close, one of the most closely followed legal battles in the cryptocurrency world has continued to keep everyone on the edge, leaving a mark on Ripple Labs and the entire crypto industry. The SEC’s lawsuit against Ripple, alleging that the cryptocurrency XRP is an unregistered security, has been a long …
Crypto suffered a lot due to regulatory overreach in the US while the scene changed after Trump’s win. The crypto industry has gone up since then to $1 Trillion. The recent US elections have brought unexpected financial showdowns for prominent crypto leaders and firms. Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, and Andreessen Horowitz …
Russia has begun using Bitcoin and other cryptocurrencies for international trade following legislative changes to counter Western sanctions, Finance Minister Anton Siluanov revealed. These measures include legalizing cryptocurrency mining and transactions in foreign exchange, positioning Russia as a global Bitcoin mining leader. Siluanov emphasized that such digital payments represent the future and are already in …
Russia is shaking things up. Faced with mounting sanctions and struggling trade routes, the country is turning to Bitcoin and other digital currencies. This move isn’t just about innovation—it’s survival. With sanctions squeezing traditional payment systems, Russia wants to keep trade alive, no matter what. What’s the Bitcoin Plan? In July, Russia passed a major …
China’s strict ban on cryptocurrencies has pushed many crypto traders to find safer markets. This has worked in Singapore’s favor, as the city has become a top destination for crypto companies. Unlike Hong Kong, which has slow approval processes and stricter rules, Singapore offers a more crypto-friendly environment for digital assets. Singapore Outpaces Hong Kong …
Argentina’s justice system has ordered Tether to freeze over $3.5 million in USDT linked to Rainbowex, a suspected pyramid scheme under investigation. The freeze follows a large-scale operation that involved 22 search warrants and the detention of 10 individuals. Rainbowex, which misled investors with promises of high rewards through crypto transactions, was found to operate …
From 2023 to June 2024, the UAE experienced a huge $34 billion surge in cryptocurrency investments, a 42% increase from the year before. Bitcoin remains a major player, making up 19% of the market, while stablecoins like Tether dominate with 51%. As of now, UAE has boosted $40 billion in Bitcoin holdings which shows its …
The Securities Commission of Malaysia has blacklisted Atomic Wallet for operating an unregistered digital asset exchange. The regulator did not elaborate further, but Atomic Wallet’s 2023 hack, which led to over $100 million in losses and multiple lawsuits, likely contributed to its inclusion. Atomic Wallet now joins other crypto firms, including Crypto Trade Malaysia and …
Phoenix Group, the first cryptocurrency company in the UAE to list on the Abu Dhabi Stock Exchange, is preparing to dual-list on Nasdaq in the coming year. The move is expected to help the company to expand its business footprint in the global market. Here is everything you should know about the development. Read on! …
In a bold step towards making the U.S. a global leader in crypto, President-elect Donald Trump has named Stephen Miran as the Chair of the Council of Economic Advisers (CEA). Miran, a seasoned economist and a known advocate for digital assets, previously served as a Treasury official during Trump’s first term and is currently with …
Botswana’s central bank acknowledges minimal crypto risks but highlights money laundering and regulatory concerns as key priorities.
President-elect Donald Trump is on his mission to appoint a crypto powerhouse team to rebuild the U.S. crypto history. With this aim, Trump announced Bo Hines, a former college football player, and 2022 Republican candidate, as the Executive Director of the Presidential Council of Advisers for Digital Assets, known as the “Crypto Council.” Trump in …
The inauguration function of Donald Trump is set to take place on January 20, 2025. The general anticipation is that the United States will witness a lavish inaugural function – far more extravagant than in the previous inaugurations. The inauguration committee has already collected $200 million, and the fund is expected to cross $225 million …
When the Russian Central Bank announced it wouldn’t touch its 21% interest rate, it caught many off guard. People expected a hike—maybe to 22%, maybe even higher. But nope. They stuck to their guns. What’s going on here? Let’s dig into their reasoning, because it says a lot about how they’re managing the economy right …
Japanese investors pay taxes of as much as 55% on crypto profits. Japanese policymakers have finally realised the impact that the flawed crypto tax framework has created on the economy. The Liberal Democratic Party, the ruling party of Japan, is preparing a crypto tax reform outline to check the outflow of capital from the country …
As cryptocurrencies grow in popularity, governments worldwide are rushing to figure out how to manage them. The goal is to protect users, prevent illegal activities, and ensure financial systems stay stable—all while encouraging innovation. Morocco is one of the latest countries stepping up to create a legal framework for crypto. Recently India also announced to …
Mark Yusko of Morgan Creek Capital Management, recently opened up about Trump’s approach to cryptocurrencies, revealing that Trump and his son are heavily investing in assets like HBAR and XRP, which might be approved for ETFs next year. He also said that Trump is heavily investing in Bitcoin as well. In an interview with Scott Melker, …
Roman Storm, the co-founder of Tornado Cash, is pushing to have criminal charges against him dropped, following a major win in court. The Fifth Circuit Appeals Court recently ruled that the U.S. Treasury’s sanctions on Tornado Cash’s smart contracts were unlawful. This ruling could be a game-changer for Storm’s case, which involves serious charges, including …
As Paul Atkins is set to replace Gary Gensler at the SEC, a new warning from JW Verret suggests that the agency risks severe consequences if it doesn’t drop the Ripple case. When the SEC launched its crusade against cryptocurrency, it didn’t expect to face resistance from the federal judiciary itself. The federal judges are …
The relationship between the U.S. Securities and Exchange Commission and the digital asset industry has been rocky for years. But change might be on the way. In a recent meeting, the Digital Chamber’s Token Alliance spoke with SEC staffers for Commissioners Hester Peirce and Mark Uyeda to discuss the 2025 SEC Digital Asset Policy Priorities. …
The U.S. Senate has decided not to re-nominate Caroline Crenshaw to stay as an SEC Commissioner. This is a big deal for the crypto world because Crenshaw has been against crypto. The majority of the lawyer’s community has voiced against her renomination with over 107,000 emails from crypto supporters, helping block her re-nomination. Now, everyone …
Caroline Crenshaw would not be returning as an SEC Commissioner. Her term is officially ending in January. The Senate Banking Committee has decided not to Re-nominate her. This feels like a big win for crypto people. Crenshaw has been a huge critic of cryptocurrency and often clashed with the industry. Now, with her departure and …
El Salvador has finalized a $1.4 billion loan agreement with the International Monetary Fund (IMF) after four years of negotiations, despite initial tensions over the nation’s adoption of Bitcoin as legal tender. The 40-month program aims to stabilize El Salvador’s economy, with commitments to enhance its primary balance and reduce its debt-to-GDP ratio. The IMF …
While the crypto market is on fire with Bitcoin hitting an all-time high of $107K, Binance is in yet another legal scoop with the Australian Securities and Investments Commission (ASIC) against Binance Australia Derivatives, accusing the exchange of failing to protect its users. ASIC claims that Binance misclassified over 500 retail investors as wholesale clients, …
Recently, the Bitcoin market achieved a milestone of $100K. The achievement has reignited discussions related to the future potential of Bitcoin. As the cryptocurrency world awaits the launch of a Bitcoin Reserve in the United States under Donald Trump, who is set to take oath as the president on January 25, 2025, a crypto enthusiast, …
In an eye-opening case, Recently Kim Nam-guk, a former lawmaker from South Korea’s Democratic Party is accused of hiding his crypto wealth. Prosecutors have requested to the Seoul Southern District Court a six-month prison sentence for Kim on charges of intentionally hiding a large sum of cryptocurrency in his asset declarations to the National Assembly, …