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
Exchanges
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
Starting in January 2025, Bitget Wallet is set to enhance its functionality with the introduction of its innovative GetGas feature. This strategic initiative aims to establish the BGB token as the primary method for gas payments across multiple blockchain networks, which include Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Tron. The ability
Sam Bankman-Fried, the founder of the infamous cryptocurrency exchange FTX, has faced a significant setback in his legal battle following the collapse of his company. Recent court filings reveal that U.S. authorities have decisively rejected his appeal to overturn both his conviction and sentencing related to the FTX debacle. This rejection underscores the complexities and
WazirX, a prominent Indian cryptocurrency exchange, finds itself engulfed in a complex web of legal and regulatory challenges that threaten its operational viability. The Delhi High Court’s recent directive for a new investigation into the platform on December 18 has raised significant eyebrows in the crypto community. This marked a critical day not merely due