The Google Play Store has delisted several prominent cryptocurrency exchanges, including Binance and KuCoin, in adherence to an official notice from India’s Financial Intelligence Unit (FIU). The directive, issued on December 28, 2023, targets exchanges operating without proper registration in India, demanding adherence to local financial reporting regulations. The FIU’s mandate requires exchanges serving Indian customers to register as reporting […]

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Apple’s App Store in India has delisted several major cryptocurrency exchange applications, including Binance and KuCoin, following directives from the country’s finance authority. This step comes on the heels of the Financial Intelligence Unit’s (FIU) December directive, which flagged these platforms for non-compliance with local regulations. The FIU’s notice, issued on December 28, mandated that crypto exchanges serving Indian […]

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Nebraska has put forward a pioneering piece of legislation aimed at fostering a supportive environment for cryptocurrency activities. State Senator Eliot Bostar introduced the Blockchain Basics Act on January 5, which, if enacted, will bolster the rights of individuals to mine and trade cryptocurrencies within the state. The proposed act is designed to simplify the crypto landscape for residents, […]

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In a groundbreaking move, California has positioned itself at the forefront of Artificial Intelligence (AI) regulation. State Senator Steve Padilla has unveiled two pivotal bills aiming to craft a comprehensive and ethical AI governance framework for the state. Senate Bill 892 marks a significant stride towards accountability, mandating the creation of robust standards in safety, privacy, and equality […]

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The Securities Exchange Commission (SEC) of Nigeria has introduced stringent licensing requirements that could reshape the industry. Despite the Central Bank of Nigeria (CBN) recently lifting a ban on banks’ engagement with cryptocurrencies, local crypto exchanges are facing a new hurdle: the SEC’s steep capital requirements. Crypto expert Rume Ophi has voiced concerns that the […]

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The social media entity formerly recognized as Twitter, now rebranded as ‘X’ under Elon Musk’s stewardship, encountered a setback in its efforts to challenge a new Californian law. This regulation mandates that large social media firms transparently report their content moderation policies and activities. Despite ‘X’s’ legal argument that the law encroaches on free speech […]

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Google, part of Alphabet Inc., has consented to a settlement over allegations of covertly tracking users’ private internet sessions. The case, which was set for trial on February 5, 2024, has been paused, following the announcement of a preliminary agreement between the tech giant and the plaintiff class. The lawsuit, which demanded upwards of $5 billion […]

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In a strategic move, President Recep Tayyip Erdoğan has infused fresh expertise into Turkey’s central banking system by appointing Professor Fatma Ozkul, a renowned academic in the realm of digital finance, to the Monetary Policy Committee. With her tenure commencing at Marmara University in 2012, Ozkul’s portfolio boasts a deep dive into the intricacies of blockchain and cryptocurrency. […]

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In a recent development, Coinbase, a leading name in the cryptocurrency exchange market, has come forward to clarify its stance amid allegations of regulatory interference. The company’s top policy executive, Faryar Shirzad, addressed concerns raised by Senator Elizabeth Warren, emphasizing the company’s commitment to constructive engagement in the formulation of digital asset regulations. Shirzad firmly denied […]

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Ripple’s top legal executive, Stuart Alderoty, shared a glimpse into the Securities and Exchange Commission’s (SEC) pre-lawsuit offer made to the blockchain firm back in 2020. The SEC had proposed that Ripple could avoid litigation by admitting that its digital token, XRP, was a security and by providing the market with a short period to […]

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