io halts Japanese operations due to FSA regulatory compliance demands. The exchange will assist Japanese customers in migrating to compliant exchanges. io’s shutdown timing in Japan remains unspecified as it removes Japanese content. Gate.io, a […]
SEC mandates final S-1 filings for Ether ETFs by July 16, launch set for July 23. Invesco, Galaxy set fees at 0.25%; VanEck, Franklin Templeton at 0.20% and 0.19% respectively. Analysts predict Ether ETFs could […]
US House voted 228-184 in favor of overriding President Joe Biden’s veto of H.J.Res. 109 on SAB 121. The vote however fell short of required two-thirds majority. The US House of Representatives has failed to […]
Nishad Singh and Gary Wang to be sentenced for FTX fraud on Oct. 30 and Nov. 20. Their cooperation in Sam Bankman-Fried’s trial may lead to reduced sentences. Ryan Salame got 90 months for non-cooperation; […]
Paxful’s lack of AML led to regulatory breaches, prompting leadership changes. Artur Schaback pled guilty to failing to maintain AML and KYC programs at Paxful. Schaback faces up to 5 years in jail and a […]
The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance and non-hosted wallets, although rules for those will come later […]
Starting Monday, July 8th, Kucoin will charge a 7.5% tax on all transactions made by users registered in Nigeria. This decision comes from a regulatory update from the Nigerian SEC. Kucoin exchange took to Twitter […]
Turkey legalizes cryptocurrencies, defining them as “intangible fixed assets.” SPK permission required for crypto organizations, with strict regulatory oversight. Severe penalties for unauthorized activities, enhancing market security and compliance. In a landmark move, Turkey has […]
Cardano updates MiCA compliance indicators six months ahead of regulatory deadline. MiCA regulations focusing on stablecoins are already in effect since June 30. However, the broader MiCA regulations impacting crypto asset service providers are set […]
Australia has banned the use of cryptocurrencies in online gambling The ban came into effect on 11th June with the introduction of the Interactive Gambling Amendment (Credit and Other Measures) Bill 2023 Other countries are, […]
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