The Financial Services Agency (FSA) of Japan is about to classify crypto assets as financial products. With this action, insider trading will be regulated, and investors will be given more protection. As a Nikkei report states, the FSA will submit these legislative amendments to the parliament by 2026. The amendments
UK officials have frozen nearly $7.7 million (£6 million) worth of illicit crypto assets in one year. The crackdown follows new powers granted to law enforcement in April 2024. These powers allow the National Crime Agency (NCA) and police to freeze, seize, and destroy crypto linked to crime. The biggest
FTX will begin repaying its major creditors on May 30, marking a key step in the prolonged bankruptcy process. The collapsed crypto exchange has amassed $11.4 billion in cash for repayments. However, the payments will follow valuations from the bankruptcy petition date of November 11, 2022, creating a stark contrast
South Carolina has dismissed its lawsuit against Coinbase over its staking services, following Vermont’s lead. The lawsuit accused Coinbase of offering unregistered securities. The state’s decision marks a significant shift in regulatory actions against crypto staking in the U.S. On March 27, Coinbase and the South Carolina Attorney General’s securities
The crypto market has revisited the bearish lane in the last few hours, as Bitcoin recedes to the $86,000 level. This has caused other altcoins to witness modest dips in the past day. Meanwhile, the DeFi sector has seen improvements over the last 24 hours, with projects shifting from L1
DWF Labs, one of the largest crypto market making and investing companies, announced a $250 million Liquid Fund initiative. The fund is set to speed up the growth of mid- and large-cap blockchain initiatives. It offers them not just capital, but also strategic support aimed at fostering sustainable growth in
Pakistan is considering Bitcoin mining as a way to use excess electricity and boost its economy. The proposal was discussed during the first meeting of the Pakistan Crypto Council (PCC) on March 21. Finance Minister Muhammad Aurangzeb chaired the meeting, attended by key financial and regulatory officials. PCC CEO Bilal
As global jurisdictions change to suit emerging crypto regulations, India too seems to change its approach towards digital assets. India’s Crypto Policy Re-Evaluation India had initially planned to introduce a consultation paper on crypto regulations following its 2023 G20 presidency. However, the government is now rethinking its approach due to
White House crypto and AI czar David Sacks recently met with Sheikh Tahnoon Bin Zayed Al Nahyan, the UAE’s national security adviser, to discuss AI, digital currencies, and investment opportunities. The meeting signals deeper collaboration between the U.S. and the UAE in emerging technologies. I explored with @davidsacks47 , the
The KAVA price is trading in bullish territory above key moving averages, showing bullish momentum. On the daily technical chart, the Kava price is moving in an upward direction and staying above the 50-day and 200-day EMA levels. KAVA is surging, up approximately 11% in the last 24 hours. This
