The Dutch National Bank (DNB) imposed a fine of 2.25 million euros ($2.6 million) on crypto exchange OKX for operating in the country without registering with the regulator. According to a Wednesday DNB announcement, the fine pertains to the period from July 2023 to August 2024, before the introduction of the European Union’s Markets in…
The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issued a joint staff statement on Tuesday announcing a coordinated effort to oversee and enable spot crypto trading in the United States. The agencies clarified that existing law does not prevent regulated US or foreign exchanges, including national securities exchanges (NSEs), designated…
Opinion by: Konstantin Anissimov, Global CEO at Currency.com Compliance isn’t what it used to be. In a market that runs 24/7 across multiple jurisdictions, payment methods and protocols, the status quo of checking boxes and filing reports feels disconnected from how digital finance actually works. Compliance must evolve when the system it protects is borderless,…
Former kickboxing champion and controversial influencer Andrew Tate is once again back to cryptocurrency trading, after a financial loss on Kanye West’s YZY token. Andrew Tate’s long position on the Trump family-linked World Liberty Financial (WLFI) token was liquidated for a total loss of $67,500 earlier Tuesday on decentralized exchange Hyperliquid. Despite the Loss, Tate…
Crypto tokens tied to the value of stocks could mislead investors as they don’t usually give holders the same rights as a direct shareholder, says the European Union’s markets regulator. Several companies have tokenized stocks and derivatives that are backed by the shares they represent held in a special purpose company, European Securities and Markets…
After a monthlong break, the US Senate and House of Representatives are scheduled to return to conducting government business, which includes key policies affecting the cryptocurrency and blockchain industry. Both chambers of the 119th session of the US Congress went on recess weeks ago as part of their schedule established in January. The move effectively…
After a monthlong break, the US Senate and House of Representatives are scheduled to return to conducting government business, which includes key policies affecting the cryptocurrency and blockchain industry. Both chambers of the 119th session of the US Congress went on recess weeks ago as part of their schedule established in January. The move effectively…
The SEC lawsuit threatens XRP In December 2020, XRP (XRP) was under existential threat. But what almost killed it now appears to be its greatest strategic advantage. A US Securities and Exchange Commission bombshell on Dec. 22, 2020, caused XRP to crash 62%. It led to mass delistings and put the cryptocurrency in a legal…
Opinion by: Zac Cheah, co-founder of Pundi AI The West is regulating itself into irrelevance. With Europe and the United States bogged down in committee meetings and legal drafts, Southeast Asia, specifically Singapore, is running live AI pilots in hospitals, refining crypto licensing through targeted enforcement, and attracting top global talent with a governance model…
Opinion by: Zac Cheah, co-founder of Pundi AI The West is regulating itself into irrelevance. With Europe and the United States bogged down in committee meetings and legal drafts, Southeast Asia, specifically Singapore, is running live AI pilots in hospitals, refining crypto licensing through targeted enforcement, and attracting top global talent with a governance model…