South Africa Wants Crypto Exchanges to Obtain Licenses by Year-End
Cryptocurrency exchanges operating in South Africa have received new notifications from the regulators. The Financial Sector Conduct Authority (FSCA) of South Africa has recently issued...
Crypto Advocates Ask Hong Kong’s Government to Issue a Stablecoin to Compete with USD Coin and Tether
Hong Kong is currently working on several proposals to set up a new crypto-friendly commercial region. One such proposal under review is the issuance of...
Hut 8 Relocating 6400 Rigs, Projects AI Demand and High-performance Computing
Bitcoin miner Hut8 announced the continued relocation of idle rigs within its North Bay site. The mining firm admitted that the segment is experiencing increased...
Court Orders Kraken to Comply with IRS Demands and Disclose User Data
Court directs Kraken to offer details of persons involved in transactions surpassing the $20000 cap in the calendar year. Kraken, a crypto exchange, has been...
Hong Kong Establishes Task Force to Promote Web3 Development
The local government of Hong Kong made a formal announcement on Friday about the formation of a task force. The main objective of the new...
Crypto Exchange Bittrex Files a Motion to Dismiss SEC Lawsuit
Bittrex Exchange is one of the cryptocurrency exchanges that are currently facing a lawsuit from the SEC. The regulatory agency has sued crypto trading platforms...
Gemini’s Winklevoss Criticizes SEC for Plunging US into ‘Toxic’ Crypto Products
Cameron Winklevoss decries the failure of the Securities and Exchange Commission to accept a spot Bitcoin ETF as a total disaster for investors in the...
FED Governor Declares Digital Assets Uncertainty Plunges Institutions into Supervisory Void Trap
Michelle Bowman, Fed Governor, claims the absence of clarity concerning digital assets might considerably impact banks navigating significant interest rates. She is a Board of...
EU Artificial Intelligence Rules Inspired 160 Tech Executives to Pen Letter Citing Extreme Strictness
The European Union (EU) is working on its upcoming artificial intelligence bill. At the same time, officials from 160 organizations in this industry wrote a...
South Korea Makes Significant Legislative Changes to Curb Illegal Crypto Trading Activities
The government of South Korea is bringing new regulatory implications to the crypto sector. As per the latest regulatory changes, the Bank of Korea or...