The Australian Securities and Investments Commission (ASIC) confirmed on Tuesday that the Federal Court of Australia has ordered BPS Financial to pay $9.6 million in Penalties. BPS Financial owns and operates Block Trade Exchange and promotes a crypto product called Qoin, along with the digital wallet known as Qoin wallet.
According to a recent study by the UK Cryptoasset Business Council, traditional banks either block or delay almost 40% of transactions sent to cryptoasset exchanges in the UK. As the results are based on a report named Locked Out: Debanking the UK’s Digital Asset Economy, which looks at the increasing
Due to a heavy winter storm in Washington D.C., the senators have postponed the first markup vote on inclusive digital asset market structure legislation. The Senate Agriculture Committee verified on January 26 that it had delayed its scheduled Tuesday markup of the Digital Commodity Intermediaries Act due to wild weather
The third-biggest cryptocurrency exchange in South Korea, Coinone, is looking for the sale of shares held by its chairman, as revealed via a report from local news outlet Seoul Economic Daily. The exchange is looking for different options to sell a portion of Chairman and biggest shareholder Cha Myung-hoon’s 53.4%
A decentralised crypto custody startup supported by Andreessen Horowitz (a16z), Entropy is terminating and plans to return the rest of the capital to investors, as per the founder and CEO Tux Pacific. Pacific publicised through writing on X on January 25 that, “I am winding up Entropy, and after four
French crypto wallet maker Ledger is preparing for the U.S. initial public offering (IPO), which could value the company at more than $4 billion, according to The Financial Times report. The company is targeting the New York Listing and working with major Wall Street banks like Goldman Sachs and Jefferies
The companies having crypto assets on their balance sheets will witness fierce consolidation this year, having only some of the biggest players with BTC and ETH on their balance sheets living, as per the analysts at Pantera Capital. They further mentioned that the remaining will either be absorbed or left
The securities regulators from the United States unlocked far fewer crypto-associated enforcement actions in the last year. A Cornerstone Research report also highlighted a sharp move in priorities after Trump’s government made Paul Atkins the chairman of the Securities and Exchange Commission (SEC). The report mentioned that the SEC has
Vietnam has officially begun the procedure of accepting applications for licenses to allow the trade of virtual assets, a procedure that has been viewed as a milestone step towards the launch of a long-awaited cryptocurrency market. The State Securities Commission of Vietnam (SSC) confirmed the move on Tuesday, stating that
The traditional banks in the U.S. are pushing the lawmakers to change the crypto rules that would limit the stablecoins and financial data sharing. This push was led by the American Bankers Association (ABA), which is the major group of U.S. banks. Why Banks Want Stablecoin Yields Banned ABA’s are
