Cryptocurrency investors in Europe are currently not protected under European Union regulations, and it will take several years for these protections to be implemented. The European Securities and Markets Authority (ESMA) has stated that the investor protections outlined in the Markets in Crypto-Assets Regulation (MiCA) will not come into effect until at least December 2024. […]
The Basel Committee of the Bank of International Settlements (BIS) has proposed new regulations that would require banks to disclose their exposure to cryptocurrencies. The committee, which serves as a global regulatory platform for banks, aims to establish standardized disclosure guidelines for banks’ crypto asset exposures. The proposed regulations would require banks to provide quantitative […]
In a significant policy change, Binance US, the American arm of global cryptocurrency exchange Binance, has decided to withdraw FDIC insurance coverage for user funds. This move comes amidst an ongoing legal battle with the US Securities and Exchange Commission (SEC), which has accused the exchange of violating federal securities laws. Previously, Binance US users […]
Roblox, one of the largest online gaming platforms, has made a significant move in the world of cryptocurrency by integrating Ripple’s XRP for in-game transactions. This collaboration was made possible through partnerships with payment solution providers Xsolla and BitPay. The integration of XRP into Roblox’s platform highlights the potential of digital assets in enhancing gaming […]
Fintech payments company Ripple has posted a job opening for a shareholder communications senior manager, leading many to speculate that the company is planning to go public. The role involves direct communication with shareholders, which is typically associated with publicly traded companies. The chosen candidate will be responsible for developing communication strategies for investors and […]
Bankrupt cryptocurrency exchange FTX has proposed a plan to return up to 90% of the funds held by creditors before its collapse in November. The plan, which will be filed with a U.S. bankruptcy court by December 16, states that customers with a preference settlement of less than $250,000 can accept the settlement without any […]
Australia’s Treasury has announced plans to introduce a comprehensive licensing regime for cryptocurrency exchanges in an effort to regulate the rapidly expanding industry. The proposed framework requires exchanges to obtain an Australian Financial Services license (AFSL) from the Australian Securities and Investments Commission (ASIC) if they hold more than AUD 1,500 of any single client’s […]
Cybercriminals have found a new method to spread malware by exploiting BNB Smart Chain (BSC) smart contracts. This technique, known as ‘EtherHiding,’ involves compromising WordPress websites and injecting code that retrieves partial payloads from blockchain contracts. The attackers hide these payloads in Binance smart contracts, using them as anonymous hosting platforms. They can update the […]
The G20, an intergovernmental forum consisting of 19 countries, the European Union, and the African Union, has embraced a regulatory roadmap proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) for the regulation of digital currencies. The roadmap emphasizes the implementation of comprehensive regulatory policies and advocates for supervision of the […]
Australian cryptocurrency exchanges have welcomed plans from the Australian Treasury to regulate the industry under existing financial services licensing measures. The Treasury’s consultation paper outlined proposed regulations that would subject cryptocurrency exchanges to existing financial services rules and introduce new guidelines for all Australian firms dealing in digital assets. The new regime aims to provide […]
