ASIC Says Stablecoins and Wrapped Tokens Are Financial Products
Key Insights ASIC now classifies stablecoins, wrapped tokens, tokenised securities and digital asset wallets as financial products, requiring licensing. A…
UK Unveils Draft Crypto Rules to Foster Innovation and Tackle Fraud
Key Insights The UK government has released draft legislation to regulate crypto exchanges, stablecoin issuers, and address market abuse, admissions,…
12% of UK Adults Now Own Cryptocurrency, FCA Study Reveals
Key Insights The UK FCA reports cryptocurrency ownership has increased to 12% of adults, with average holdings rising to £1,842.…
Nigeria Embraces Crypto Regulation, SEC Plans to License Digital Asset Issuers
Key Insights Nigeria’s SEC plans to start licensing issuers of virtual assets, including cryptocurrencies, as the country sees a surge…
Nigeria’s FIRS Announces Plan to Present Crypto Taxation Bill to Parliament
Key Insights Nigeria’s FIRS plans to present a bill for taxing the cryptocurrency industry to the country’s parliament by September.…
Crypto Scam Victim Sues Google for $5 Million Over Fraudulent App
Key Insights Florida resident Maria Vaca is suing Google for $5 million after losing money to a crypto scam app…
Robinhood’s Crypto Trading Volumes Surge 137% in Q2
Key Insights Robinhood’s crypto transaction-based revenues grew 161% year-over-year to $81 million in Q2 2023, outpacing equity trading revenues. The…
Bitcoin’s 20% Plunge “Not Its Fault,” Says Bernstein Analysts
Key Insights Cryptocurrency market sees sharp decline, with Bitcoin falling nearly 20% and Ether losing all 2024 gains. Bernstein analysts…
Crypto Market Plunges $270 Billion as Global Equities Tumble
Key Insights Cryptocurrency market loses $270 billion in value, with Bitcoin falling 11% to $54,000 and Ethereum’s Ether dropping 21%.…
ESMA Warns of Regulatory Gaps in Global Crypto Firms’ EU Operations
Key Insights ESMA warns of risks from global crypto firms routing EU orders to offshore venues, potentially undermining consumer protection…