Key Takeaways The U.S. Securities and Exchange Commission (SEC) announced the creation of a new crypto task force on January 21, 2025, just one day after former Chair Gary Gensler’s resignation. Acting SEC Chair Mark Uyeda outlined the task force’s…
Key Takeaways Dubai-based crypto market-making firm, CLS Global has agreed to plead guilty to charges of market manipulation and wire fraud. The announcement was made by U.S. prosecutors from the District of Massachusetts following an undercover investigation by the Federal…
Key Takeaways The European Securities and Markets Authority (ESMA) is urging crypto asset service providers (CASPs) to take immediate action against stablecoins that do not comply with the European Union’s new Markets in Crypto-Assets Regulation (MiCA). On January 17, 2025,…
Key Takeaways El Salvador has once again increased its Bitcoin reserves, purchasing 12 Bitcoin in two transactions over two days. According to the National Bitcoin Office (ONBTC), the country acquired 11 Bitcoin on January 19, followed by one more on…
Key Takeaways South Korea’s Financial Services Commission (FSC) has initiated discussions on the second phase of its crypto regulatory framework, aiming to address gaps in the existing system and enhance investor protection. This was a key agenda item at the…
Key Takeaways Malaysia is taking steps toward developing a crypto regulatory framework. Prime Minister Datuk Seri Anwar Ibrahim recently engaged in discussions with officials from Abu Dhabi and Changpeng “CZ” Zhao, the founder of Binance, one of the world’s largest…
Key Takeaways Bankrupt crypto exchange, FTX, is preparing to distribute over $1.2 billion to its users. The repayments are part of a restructuring plan approved in October 2024, which outlines that users owed up to $50,000 in digital assets must…
Key Takeaways The Russian government has confiscated more than $10 million worth of Bitcoin from a former law enforcement official, marking the country’s largest bribery case involving crypto. The seized amount of 1,032.1 BTC belonged to Marat Tambiev, a former…
Key Takeaways Leading crypto exchange Bybit has announced a temporary suspension of its trading services in India, citing evolving regulatory requirements.As per the official announcement, from January 12 at 8:00 am UTC, Bybit will halt key services, including cryptocurrency trading,…
Key Takeaways The United States Commodity Futures Trading Commission (CFTC) has subpoenaed cryptocurrency exchange Coinbase as part of its investigation into the crypto-based prediction platform Polymarket. The subpoena, issued on January 8, 2025, requires Coinbase to provide customer information about…
