Key Takeaways Australia’s financial intelligence agency, AUSTRAC, has initiated a regulatory push targeting digital currency exchanges (DCEs) it believes are no longer operational. In an official statement, the agency called on inactive digital currency exchanges to voluntarily cancel their registrations…
Key Takeaways In a significant ruling for Australia’s cryptocurrency sector, the Full Federal Court has overturned a prior decision requiring fintech company Block Earner to hold a financial services license for its discontinued crypto-yield product, known as “Earner.” The decision,…
Key Takeaways Thailand has approved amendments to two emergency decrees to address the rising use of digital assets in cybercrime. The Cabinet resolution, passed on April 8, strengthens the country’s legal framework around digital asset businesses and cybercrime prevention. The…
Key Takeaways Brazil’s Superior Court of Justice (STJ) has ruled that crypto assets can be frozen to recover unpaid debts, establishing a legal precedent that treats digital currencies similarly to traditional property in debt enforcement cases. The unanimous decision was…
Key Takeaways Leading crypto exchange OKX has been fined €1.1 million ($1.2 million) by Malta’s Financial Intelligence Analysis Unit (FIAU) for serious anti-money laundering (AML) compliance failures identified during a 2023 regulatory inspection. The penalty, disclosed by the FIAU this…
Key Takeaways Florida State Senator Joe Gruters has introduced a bill that would authorize the state’s chief financial officer (CFO) to invest public funds in Bitcoin, positioning the cryptocurrency as a hedge against inflation and a store of value. The…
Key Takeaways El Salvador’s Congress has quickly passed a new law changing the country’s Bitcoin policy to meet conditions set by the International Monetary Fund (IMF) as part of a $1.4 billion loan deal. The amendment, approved with 55 votes…
Key Takeaways Leading crypto exchange, Binance is currently facing a probe by French authorities on allegations of money laundering, tax fraud, and other illicit activities spanning from 2019 to 2024. As per a Reuters report the probe, initiated by the…
Key Takeaways Arizona lawmakers are making strides in crypto adoption with the advancement of the Strategic Bitcoin Reserve Act (SB1025). The bill, co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, was approved by the Arizona State Senate Finance Committee…
Key Takeaways The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued an alert outlining how crypto are being used to launder proceeds from the trafficking of synthetic fentanyl and opioids. The alert aims to enhance awareness of…
