Gemini laid off some of its workforce, numbering up to 200 employees, and stepped back from crypto betting initiatives. The move represents a strategic shift towards reliable and sustainable sources of income at a time when cryptocurrency businesses are being tested in terms of volatility and regulation. Industry-wide belt-tightening has
Nomura’s digital asset arm, Laser Digital, has applied for a U.S. national trust bank charter as it pushes deeper into regulated crypto custody. The move signals strong institutional appetite for compliant digital asset infrastructure in the United States. Momentum around institutional adoption keeps building, with trends similar to those covered
On May 27, Sygnum Bank revealed that Christopher Giancarlo is being appointed as a senior policy adviser, marking a crucial move as the bank attempts to handle the nuanced environment of the global crypto guidelines. He was fondly named “Crypto Dad” for his innovative outlook on digital assets during his
The Supreme Court of India has contrasted Bitcoin trading in India to a more lustrous form of Hawala on May 5. Talking about Hawala, it is an illegal money transfer system.The Court further condemned the Centre for not having clear rules for digital currency till now. As per the reports
The Bank of Ghana has taken a significant step towards regulating the cryptocurrency sector. They released a set of draft rules aimed at crypto exchanges operating within the country. These proposed regulations are designed to bring more transparency and security to the rapidly growing digital asset market in Ghana. Additionally,
In a groundbreaking move, 47 national governments have committed to the swift transposition of the Crypto-Asset Reporting Framework (CARF), an international standard for the automatic exchange of information between tax authorities. The joint pledge, published on November 10, reflects a collective effort to bolster tax compliance and combat tax evasion
In a recent statement on the social media platform X (formally known as Twitter), Brian Armstrong, the CEO of the renowned cryptocurrency exchange Coinbase, voiced his strong opposition to the regulation of artificial intelligence (AI). Armstrong’s perspective on AI regulation has stirred significant discussion within the tech and cryptocurrency communities.
The Hong Kong Securities Regulatory Commission will approve the compliant exchange for the first time to provide service to retail investors. This approval comes after the Hong Kong Securities Regulatory Commission introduced cryptocurrency trading guidance for retail investors under a new set of licensing rules. 一张好"牌"，即将到来 pic.twitter.com/S6AIgiuJgb — Livio Weng
Montana Governor Greg Gianforte has signed a pro-cryptocurrency mining bill, S.B. 178, into law. The bill largely prevents local governments in Montana from passing laws that prohibit cryptocurrency mining. It enshrines crypto miners’ rights in the state by revising existing laws to prohibit discriminatory electrical rates for mining firms and
To prevent fraud, the United Kingdom is planning to outlaw cold calling for financial items, such as insurance and cryptocurrencies. According to the National Crime Agency, fraud costs the nation approximately £7 billion ($8.7 billion) yearly. The UK offered 400 new jobs as a component of its new fraud strategy
