Crypto News

US President Joe Bidden halts FinCEN’s proposed crypto wallet regulations.

One of the first actions US President Joe Biden has taken on his first day in the office is to freeze the Federal regulatory process, including the controversial self-hosted crypto wallet regulations proposed by former Treasury Secretary Steven Mnuchin....

Former Ripple advisor is likely to become the next Comptroller of the Currency.

According to the Wall Street Journal report, U.S. President Joe Biden is likely to pick a former member of Ripple's board of advisors directors to become the next Comptroller of the Currency. The report cites insiders "familiar with the...

Crypto exchange Huobi Korea receives ISMS certification ahead of upcoming new regulations.

South Korean arm of crypto exchange Huobi has secured the backing of regulators in South Korea, following the decision to award Huobi Korea an ISMS certification. Huobi Korea is considered the second-largest digital currency exchange by transaction volumes globally....

Bithumb CEO says most crypto firms might struggle to meet new regulations in South Korea.

The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. The CEO believes there will only be between four and seven exchanges surviving new crypto regulations. During...

French central bank successfully completed a pilot transaction with CBDC.

On Tuesday, France’s central bank announced that it had completed a pilot transaction with a central bank digital currency (CBDC) last month that has captured the full settlement cycle. Banque de France collaborated with London-based SETL, a settlement, and...

Economist hits back at ECB president’s remarks about crypto regulations.

Daniel Lacalle, fund manager and chief economist at Tressis Gestion, commented on European Central Bank president Christine Lagarde's recent remarks about bitcoin and crypto regulation in an interview with NTD Business. He said what Lagarde implied was "outrageous" and...

Dubai Financial Services Authority is working on crypto regulations.

The Dubai Financial Services Authority, the financial regulatory agency for the special economic zone, the Dubai International Financial Centre, is looking to enhance the cryptocurrency-related regulations. The DFSA is planning to introduce a regulatory framework for diverse digital assets...

Iran authorities seize 45,000 crypto mining rigs for illegally using subsidized electricity.

According to the Tasmin News Agency report, Iranian authorities reportedly seized 45,000 crypto mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir. According to Mohammad Hassan Motavalizadeh, head of Tavanir, the efficient application-specific integrated circuit (ASIC)...

Chinese digital yuan’s latest $3 million test sees 140k transactions.

Shenzhen residents proceeded with nearly 140,000 transactions in digital yuan during a 10-day city-wide test of China's central bank digital currency, known as DC/EP. The Chinese city conducted a second run of the digital yuan test starting from January...

Russian crypto exchange Livecoin halts services after getting hacked.

Hacked Russian cryptocurrency exchange, Livecoin has announced that it is going to shut its services and requested its clients to proceed with fund withdrawals. The crypto exchange's servers were compromised last month, and the exchange lost control over its...

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Japanese police charged 30 people for their alleged involvement in illegal transactions linked to Coincheck hack.

Japanese police charged 30 people for their alleged involvement in illegal transactions linked to the $530 million Coincheck hack...