Paxful co-founder agrees to plea deal, faces up to 5 years in jail
Paxful’s lack of AML led to regulatory breaches, prompting leadership changes. Artur Schaback pled guilty to failing to maintain AML and KYC programs at Paxful....
Nigerian Kucoin users to pay 7.5% VAT on all transactions
Starting Monday, July 8th, Kucoin will charge a 7.5% tax on all transactions made by users registered in Nigeria. This decision comes from a regulatory...
Australia’s crypto casino ban came into effect last month – but there’s rapid growth in these top 10 countries
Australia has banned the use of cryptocurrencies in online gambling The ban came into effect on 11th June with the introduction of the Interactive Gambling...
Cardano sets benchmark with early MiCA compliance
Cardano updates MiCA compliance indicators six months ahead of regulatory deadline. MiCA regulations focusing on stablecoins are already in effect since June 30. However, the...
Circle becomes first stablecoin issuer to secure license under EU’s MiCA regulations
ACPR grants Circle e-money license for USDC and EURC across EU. Circle is the first stablecoin issuer to get licensed under MiCA regulation. MiCA aims...
Cryptocurrencies granted legal status in Turkey under new crypto law
Turkey legalizes cryptocurrencies, defining them as “intangible fixed assets.” SPK permission required for crypto organizations, with strict regulatory oversight. Severe penalties for unauthorized activities, enhancing...
U.S. Treasury issues new Cryptocurrency tax rules
The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance...
Europe’s MiCA will take effect on Sunday, ushering in a new age of transparent crypto regulation
The Markets in Crypto-Assets (MiCA) regulation is a legislative framework established by the European Union to regulate crypto assets and related services within the region....
FalconX hit with $1.7 million fine for regulatory violations
The Commodity Futures Trading Commission (CFTC) has fined crypto trading firm FalconX a total of $1.7 million. CFTC said the penalty relates to the Seychelles-based...