Key Takeaways The International Monetary Fund (IMF) has urged Kenya to establish a clear regulatory framework for the crypto market, aimed at protecting consumers and addressing risks related to money laundering and terrorism financing. In a report published on January…
Key Takeaways Leading crypto exchange, CoinSwitch, has announced a ₹600 crore recovery initiative titled “CoinSwitch Cares” to assist users affected by the $230 Million WazirX hack in July 2024. The recovery program aims to provide affected users with a pathway…
Key Takeaways The United States District Court for the Southern District of New York has granted Coinbase permission to pursue an interlocutory appeal in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). The January 7 ruling…
Key Takeaways Hong Kong-based crypto exchange, HashKey has secured a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland. This approval grants the firm ability to operate and expand its services within Ireland, marking its official entry…
Key Takeaways The Czech National Bank (CNB) is exploring the possibility of including Bitcoin in its foreign exchange reserves as part of a diversification strategy. Governor Aleš Michl recently mentioned that acquiring a small amount of Bitcoin has been discussed,…
Key Takeaways The US state of Georgia Representative Mike Collins has disclosed investments in crypto, including purchases of the Ski Mask Dog (SKI) token, according to a financial disclosure filed with the U.S. House of Representatives on January 1, 2025. …
Key Takeaways A California resident has filed a lawsuit against three Asia-based banks, alleging negligence that allowed crypto scammers to defraud him of nearly $1 million. The lawsuit filed on December 31, 2024, claims the banks failed to perform essential…
Key Takeaways China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), has introduced new rules requiring banks to closely monitor and report crypto-related transactions that may pose financial risks. As per reports, the regulations aim to prevent illicit…
Key Takeaways Bankrupt Celsius Network has filed an appeal challenging a court ruling that dismissed its claims against FTX. The appeal, submitted on December 31 by Celsius’ litigation administrator Mohsin Meghji, contests Judge John T. Dorsey’s decision to disallow both…
Key Takeaways World’s largest crypto exchange, Binance, has obtained a regulatory approval from the Central Bank of Brazil. This allows Binance to acquire the São Paulo-based financial institution Sim;paul, granting the exchange licenses to distribute securities and issue electronic money.…
