Crypto.com, a popular crypto trading platform, has recently been hit with a substantial fine of €2.85 million ($3.1 million) by the Netherlands Central Bank. The penalty was imposed on Crypto.com’s Dutch trading entity, Forix DAX Mt, for operating within the European country without proper registration for a period of two years. This violation of Dutch
Regulation
The Thailand Securities and Exchange Commission (SEC) recently made a significant regulatory change by allowing the creation of private funds that can invest in spot Bitcoin exchange-traded funds (ETFs) traded on U.S. exchanges. This move opens up new opportunities for institutional investors and high-net-worth individuals in Thailand. The decision was made during a recent board
The Biden administration recently unveiled its proposed budget for 2025, containing significant provisions aimed at regulating digital assets. These regulations are projected to result in an increase of nearly $10 billion in tax revenue by 2025. The primary objective of these measures is to address a loophole that has allowed affluent crypto investors to exploit
Worldcoin developer Tools for Humanity has taken legal action against Spain’s recent ban on its data collection and usage within the country for a period of three months. In a blog post on March 6, Worldcoin stated that Spain’s regulators bypassed the standard EU GDPR procedures by imposing the ban, forcing them to resort to
Coinbase, the leading US-based cryptocurrency exchange, has experienced a significant increase in its market share recently. This surge can be attributed to the introduction of several spot Bitcoin exchange-traded funds (ETFs) in January. As a result, analysts at Goldman Sachs made a notable change in their rating on Coinbase shares. They upgraded the rating from
The Spanish data protection regulator, AEPD, recently issued a directive to Worldcoin instructing the company to cease the collection of personal data in Spain. This decision comes after a series of complaints were lodged against Worldcoin, raising concerns about the transparency of their data processing practices. In particular, there have been questions about the accuracy
Recently, the Indian government made an announcement regarding a new mandate for technology companies developing artificial intelligence (AI) tools. According to Reuters, companies are now required to seek government approval before publicly releasing AI tools that are either in the development phase or considered “unreliable.” Regulating AI Technologies in India The directive issued by the
The recent collaboration between Ilya Lichtenstein and federal prosecutors has shed light on the illegal activities surrounding Bitcoin Fog, a crypto mixing service. It is essential to understand the context of the case, with Lichtenstein being the key figure behind the looting of billions of dollars from Bitfinex. His involvement in money laundering activities, particularly
Binance, a popular cryptocurrency exchange platform, has found itself in the midst of controversy in Nigeria following its settlement with the U.S. Department of Justice. The House of Representatives Committee on Financial Crimes in Nigeria has issued an ultimatum to Binance CEO Richard Teng to appear before the committee by March 4. The committee, led
In the ever-evolving world of cryptocurrency trading, traders are constantly on the lookout for the next big opportunity to make quick profits. With Bitcoin consolidating just below recent highs and other major coins taking a breather from rallying, the focus has shifted towards the volatile and high-risk world of shitcoins. These lesser-known coins, often created