Tag: crypto regulations

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Canada Fines KuCoin $14.1M For AML Violations, Exchange Appeals Federal Court Ruling

Canada’s financial intelligence agency FINTRAC has fined KuCoin’s operating arm, Peken Global Ltd. C$19.5 million ($14.1 million) on July 28, 2025, after finding...

US Lawmakers To Examine Long-Awaited Digital Asset Tax Rules In October Hearing

The Senate Finance Committee will hold a hearing next week on how digital assets should be taxed. The session is set for Wednesday and...

South Korea’s Lawmaker Kim Jae-seop Seeks Unified Rules For Digital Assets, Stablecoins And Derivatives

People Power Party lawmaker Kim Jae-seop introduced the Digital Asset Market Integration Act on September 24 at the National Assembly in Seoul. The bill...

US Crypto Market Structure Bill Expected Before End Of 2025: White House Adviser

Patrick Witt, executive director of the White House Council of Advisors on Digital Assets, said on Tuesday he expects a comprehensive crypto market structure...

UAE To Share Crypto Tax Data With Global Authorities Ahead Of 2027 Rollout

The United Arab Emirates and local crypto firms have agreed to join an OECD-backed plan to share crypto tax data with other countries. The...

Central Bank Of Bahrain Launches Stablecoin Issuance And Offering Rules

Bahrain’s central bank has introduced a new regulatory module for stablecoins that sets clear rules on issuance, custody and reserves. The Central Bank of...

UK FCA Proposes Full Crypto Rulebook To Bring Firms Under Traditional Finance Standards By 2026

The UK Financial Conduct Authority launched a consultation to fold crypto firms into its rulebook. The paper came out on Wednesday, with feedback due...

Pakistan Regulator Urges Global Crypto Firms To Seek Local License To Serve 40M Users

Pakistan’s new crypto regulator, the Pakistan Virtual Assets Regulatory Authority (PVARA), has asked regulated global crypto firms to apply for local licenses so they...

U.S. DOJ Seeks $584,741 In Crypto Tied To Iranian National Accused Of Supporting Drone Program

The U.S. Department of Justice filed a civil forfeiture action to recover $584,741 in USDT that prosecutors say was controlled by Mohammad Abedini, an...

China’s Guangzhou Court Voids Sale Of Offshore Crypto Mining Rigs, Cites Threat To Financial Order

The Guangzhou Intermediate People’s Court said yesterday it voided a sales contract for offshore virtual currency mining machines after a press conference marking the...

India Leans Against Full Crypto Law To Prevent Overpowering Nations’ UPI Payment System

The Indian government, including the finance ministry and the Reserve Bank of India, is leaning against passing a law to fully regulate cryptocurrencies, a...

Crypto Exchange Bybit Restores Full Access For Indian Users After Regulatory Approval

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has restored complete access to its app for Indian users on both the App Store...