The European Banking Authority (EBA) is proposing updated anti-money laundering rules for crypto providers, with a focus on combatting the financing of terrorism. The EBA has identified that current regulations are insufficient and has published a consultation paper seeking feedback from interested parties. The proposed guidelines include merging the criteria for payment service providers and […]
Self-custody wallets are gaining popularity as more people seek control and security over their digital assets. Trust Wallet and MetaMask are two widely used self-custody wallets, with millions of users globally. Hardware wallets, such as Ledger Live, are also becoming increasingly popular. In the US alone, there are over 4 million crypto wallet users, with […]
Reflecting on the rapid evolution witnessed in Ethereum’s price surge past $2K, the launch of Blast in Ethereum’s Layer 2 sector marks a pivotal point in the cryptocurrency landscape. With a staggering $300 million in Total Value Locked (TVL), Blast’s swift ascension not only mirrors its initial excitement when it attracted $30M in record time […]
CoinW, the world’s leading digital asset exchange, made a significant impact at the Wiki Finance Expo Sydney with a keynote speech delivered by Sonia Shaw, CoinW’s Partner & VP of Partnerships. Shaw’s presentation focused on the challenges and opportunities of centralized exchanges, highlighting three key strategies endorsed by CoinW: self-regulation, a hybrid approach combining decentralized […]
Netherlands-based cryptocurrency exchange Bitvavo has received regulatory approval from France’s Autorité des Marchés Financiers (AMF) to operate as a digital asset service provider. This allows Bitvavo to extend its services to French users. The approval comes after Bitvavo secured regulatory clearance to offer its services in Austria and expanded into Italy in 2022. CEO Mark […]
Netherlands-based cryptocurrency exchange Bitvavo has successfully registered as a digital asset service provider with France’s Autorité des Marchés Financiers (AMF), allowing it to expand its services to French users. This move comes shortly after Bitvavo received regulatory approval to operate in Austria and expanded its offering to Italy. The exchange has also filed registration applications […]
German energy company Siemens Energy has announced a record profit of 8.5 billion euros after taxes, nearly double the previous year’s figure. This impressive result is attributed to the absence of setbacks experienced in the previous fiscal year, such as the impact of the Ukraine conflict and a write-down on the former subsidiary Siemens Energy. […]
The Monetary Authority of Singapore (MAS) has introduced measures to discourage speculation in cryptocurrency investments. In response to feedback on its proposed Digital Payment Token (DPT) regulations, MAS has outlined five ways that DPT service providers can help retail clients avoid price speculation. These measures include assessing customer risk awareness, avoiding incentives for cryptocurrency trading, […]
Australia’s tax regulator, the Australian Taxation Office (ATO), has issued new guidance on the taxation of decentralized finance (DeFi) transactions. However, the guidance has left DeFi users confused and uncertain about their tax obligations. The ATO has failed to provide clear answers to questions regarding specific transactions, such as staking Ether on Lido or transferring […]
In a scathing critique, former US Securities and Exchange Commission (SEC) official John Reed Stark has accused cryptocurrency exchange Binance and its CEO, Changpeng Zhao (CZ), of alleged criminal violations. Stark’s comments highlight the serious nature of these alleged violations and dismiss attempts by what he refers to as the “Big Crypto Cartel” to downplay […]
