A student of Chinese Zhejiang University, Yang Qichao issued a virtual currency token BFF in 2022. After the issuance, Qichao’s uninformed liquidity withdrawal caused a crypto investor, Luo, to lose 50,000 BSC-USDT coins that he exchanged for the tokens. This pushed Luo to file a complaint with the Nanyang Public
The Executive Yuan, Taiwan’s executive branch, introduces a new regulation — the “New Four Laws to Combat Fraud” — to strengthen the crackdown on fraud and regulate money laundering. Virtual assets-related financial crimes are included in the amendments, as reported by local media ABMedia. Notably, this regulation includes bills such
FTX, one of the leading crypto exchanges, and Alameda hope to recover more than $71 million from FTX’s philanthropic arm. The bankrupt firm is taking steps to recover the funds for its customers. FTX Foundations announced their partnership with Latona. According to the case file, through the partnership, Latona has
The G20, an intergovernmental forum, has stated that globally agreed rules leave crypto firms with no option. However, it will introduce a basic safeguard to avoid the blowups experienced at the FTX exchange and other crypto firms. On July 17, the Financial Stability Board (FSB) revealed the final recommendations by
The crypto market has experienced significant growth and developments over the past few years. As every country is developing and adopting crypto, the G20 is to discuss a game-changing move for crypto regulations, international taxation, and bank finances. Moreover, the G20 finance ministers and central bank governors came up with
Crypto custodians play a crucial role as the guardians of users’ crypto funds by safekeeping their private keys. The collapse of FTX has altered the complete scenario. The crypto custody industry is currently working on regaining trust worldwide. TheNewsCrypto engaged in an interview with Arthit Sriumporn, the founder and CEO
The United Kingdom has passed a landmark bill recognizing cryptocurrencies as regulated financial activities within the country. This significant decision by the UK government has marked a great turning point in the global crypto market. It reflects the growing acceptance and understanding of the potential of cryptocurrencies. On June 29,
Coinbase, the leading crypto exchange, has shared that Canadian lawmakers have recently released a comprehensive report that unequivocally supports the adoption and integration of blockchain technology. This significant move by the Canadian government marks a pivotal moment in the global blockchain landscape. Moreover, it creates expectations and anticipation throughout the
In the ever-evolving landscape of cryptocurrency, the emergence of stablecoins creates waves, offering a refuge for investors in the tumultuous seas of digital finance. Buoyed by robust reserves and promising stability in a volatile market, these digital tokens have rapidly become a preferred asset. Moreover, leading banking institutions and federal
The crypto market has witnessed significant growth in recent years and has captured the attention of non-crypto institutions and banks. It leads to an increase in mainstream adoption of the crypto market. CACEIS, the asset-servicing banking group of Credit Agricole and Santander, has registered with the French market regulator AMF
