Key Takeaways: Former Accenture executive Mohsen AlZahrani has been hired by Saudi Arabia’s central bank to manage its cryptocurrency and CBDC initiatives. Despite concerns over the asset class’ volatile nature, Saudi Arabia is seeking legal rules for it. In a…
Key takeaways: Jill Sommers, a former commissioner of the CFTC, has joined the board of directors of the company, according to FTX US Derivatives. She served two consecutive terms as a CFTC Commissioner and was appointed by Presidents George W.…
Key Takeaways: By the end of the year, Indonesia will introduce a cryptocurrency stock market, according to Jerry Sambuaga, the country’s deputy commerce minister. Due to difficulties in the procedure, the Southeast Asian country had initially announced a 2021 debut…
Key Takeaways: Customs officials in South Korea have nabbed 16 people involved in unlawful foreign exchange transactions. Since February, the Korea Customs Service has discovered more than 2.7 trillion won ($2 billion) in unlawful foreign exchange transactions involving virtual assets.…
Key Takeaways: 85 MW, or 23% of the market, is the energy capacity of farms used for crypto extraction in Russian Federation oil fields. Market participants report that investors are already evaluating additional 200 MW projects. Western sanctions, however, are…
Key Takeaways: CryptoCom discovered that they had paid the woman $10 million rather than a $100 refund during an audit after 7 months. With the money, the woman has already purchased a multi-million dollar property. After accidentally giving an Australian…
Key Takeaways: The founder of the cryptocurrency exchange Thodex, who fled Turkey and rendered customer funds unrecoverable, has been detained in Albania. Interpol issued a red notice for Faruk Fatih Ozer on April 23, 2021. According to the Turkish Interior…
Key Takeaways: Rumour has it that FTX has finished the deal. According to SBF, they do not have any plans to buy Huobi. Sam Bankman-Fried, CEO of SBF, claims that FTX, a prominent cryptocurrency exchange, will not buy a controlling…
Key Takeaways: The MAS will start looking into methods to restrict access to credit facilities, introduce customer suitability checks to add friction to retail access and use credit facilities to discourage foolish investment. Singapore’s central bank’s head said the city-state…
Key Takeaways: Iran’s Trade Ministry has approved using cryptocurrency payments for imports to increase trade within the nation. The new regulations outline every aspect of cryptocurrencies, including how licenses are granted and how fuel and energy are provided to national…
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