HashKey Group, a prominent player in the digital asset sector based in Asia, is making significant strides in its expansion efforts within the Middle East and North Africa (MENA) region. In a formal announcement made on January 13, the organization revealed that it has received provisional approval for a Virtual Asset Service Provider (VASP) license
Exchanges
The emergence of decentralized platforms for prediction markets has been a double-edged sword, combining the thrills of gambling with the analytical aspects of forecasting real-world events. Among such platforms, Polymarket has become the focal point of a heated discussion, primarily due to its controversial betting markets surrounding natural disasters, particularly the wildfires ravaging California. The
The implosion of the FTX exchange has created a complex and convoluted legal landscape, particularly concerning its European subsidiary, FTX EU. Initially heralded as a promising player in the cryptocurrency space, FTX faced a catastrophic collapse that led to bankruptcy proceedings. As part of these proceedings, FTX attempted to offload its European operations to a
In 2024, Kazakhstan has significantly ramped up its efforts to combat illegal cryptocurrency exchanges, marking a decisive shift in its regulatory approach. The Financial Monitoring Agency (AFM) has taken action against platforms that have been linked to nefarious activities, particularly money laundering. This crackdown comes in response to escalating concerns that unregulated crypto exchanges serve
In a groundbreaking revelation, the chief legal officer of Coinbase, Paul Grewal, has unveiled documents that indicate the Federal Deposit Insurance Corporation (FDIC) has been advising banks to limit their involvement with cryptocurrency services, including fundamental Bitcoin transactions. These documents, publicly shared in December 2024, provide a detailed look into what Grewal characterizes as a
Crypto.com has taken a significant leap by introducing stock and exchange-traded fund (ETF) trading to its U.S. platform, thus diversifying its offerings beyond cryptocurrencies. This move, announced on January 3, underscores the company’s ambition to integrate traditional and digital finance, allowing users to manage their entire investment portfolio from a singular application. With a focus
On December 16, 2023, FTX, alongside its associated debtors, announced the initiation of a reorganization plan, which is set to go into effect on January 3, 2025. This pivotal plan aims to facilitate the distribution of recoveries to both retail and institutional creditors impacted by the company’s downfall. FTX has enlisted the financial services of
The ongoing legal saga between Celsius Network and the defunct crypto exchange FTX has taken another intriguing turn as Celsius filed a notice of appeal on December 31, 2023. This appeal contests U.S. Bankruptcy Judge John Dorsey’s recent ruling that rejected Celsius’ monumental $2 billion disparagement claim against FTX. This legal battle underscores the turbulence
Binance, recognized as the largest cryptocurrency exchange globally by trading volume, recently achieved a significant milestone in Brazil by securing regulatory approval from the Central Bank to acquire Sim;paul, a licensed broker-dealer. This development, announced on January 2, positions Binance as the first crypto exchange in the country to obtain such a license, enabling it
In a decisive move that highlights the increasing scrutiny of cryptocurrency exchanges, Malaysia’s Securities Commission (SC) has mandated Bybit, a prominent digital asset exchange, to halt its operations within the country. Citing Bybit’s lack of authorization to function as a digital asset exchange (DAX) under the local legislative framework, the SC has acted firmly. This