Avi Eisenberg could be sentenced to as much as 20 years in prison following his conviction for wire fraud, commodities fraud, and commodities manipulation in a $110 million Mango Markets exploit. After a two-day jury deliberation in the Southern District of New York, the jury found Eisenberg guilty. He orchestrated a $110 million exploit on […]

Nigeria’s journey into nuanced crypto regulation and burgeoning venture capitalist enthusiasm heralds an economic renaissance. The Nigerian Securities and Exchange Commission’s initiative to substantially raise crypto exchange registration fees is more than a mere policy shift. It symbolizes a strategic invitation to global crypto powerhouses. Amid these transformative times, visionaries like Ray Youssef stand out, […]

In a surprising move, OKX, a leading cryptocurrency exchange, has decided to halt its operations in India. This announcement comes nearly three months after the Financial Intelligence Unit (FIU) of the Indian Ministry of Finance targeted OKX among nine foreign crypto exchanges with compliance notices. This step by OKX reflects the growing complexities foreign exchanges […]

The G20 summit, which took place from September 9 to 10, 2023, brought significant news for the crypto world.   A policy paper prepared under India’s G20 Presidency suggested licensing crypto service providers and called for countries to implement the Financial Action Task Force (FATF) anti-money laundering and counter-terrorist financing (AML/CFT) standards in the sector. […]

Hong Kong is on a good track to become the world’s main crypto hub in the near future. Green Light For Individual Investors Hong Kong’s Securities and Futures Commission (SFC) has given the green light for individual investors to trade cryptocurrencies starting from June 1, 2023. This decision marks a significant change in Hong Kong’s […]

Several crypto firms are leaving the US as regulators are openly waging a war against the crypto industry. Ripple Is Expanding Its Business – Overseas Ripple CEO Brad Garlinghouse expressed concern that more cryptocurrency firms may leave the United States if regulators continue to impose confusing rules. He highlighted Europe as a progressive jurisdiction that […]

The MiCA regulation has finally got the green light from the EU member states’ finance ministers. The World’s First Comprehensive Crypto Regulation The European Union (EU) has given its final approval to the world’s first comprehensive set of regulations for cryptocurrencies. The Markets in Crypto-Assets (MiCA) regulation has completed its approval process, with the finance […]

The founder and CEO of Binance Changpeng Zhao is hoping that the company will be able to return to his homeland. Binance’s Farewell to Canada Binance, the world’s largest cryptocurrency trading platform, has decided to exit the Canadian market. The company made this announcement on Twitter, expressing its disappointment with the regulatory guidance that has […]

France is considering bringing registered crypto firms “up-to-date” to meet MiCA requirements using a “fast track” process. “Fast Track” Option The French Financial Markets Authority (AMF) has announced a “fast track” option for licensed crypto firms in France to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations. The AMF aims to guide the switch […]