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South Korea president’s office urges FSC to reconsider its spot Bitcoin ETFs stance
Regulation

South Korea president’s office urges FSC to reconsider its spot Bitcoin ETFs stance

January 19, 2024 CryptoExpert

Will South Korea allow spot Bitcoin ETFs? The Financia Services Commission had warned brokerage firms against offering recently listed US spot Bitcoin ETFs. President’s office urges FSC to reconsider stance, noting possibility if incorporating foreign-listed […]

Poland to introduce crypto regulation bill in Q2: report
Regulation

Poland to introduce crypto regulation bill in Q2: report

January 16, 2024 CryptoExpert

The new bill seeks to introduce a crypto regulatory framework that aligns with the EU’s MiCA. Poland’s Financial Supervision Authority (KNF) will supervise cryptocurrencies and impose penalties where applicable. Poland’s financial markets regulator plans to […]

Genesis to pay $8M fine, forfeit BitLicense as NYDFS settlement
Regulation

Genesis to pay $8M fine, forfeit BitLicense as NYDFS settlement

January 13, 2024 CryptoExpert

The New York Department of Financial Services (NYDFS) says Genesis Global Trading will pay an $8 million fine and surrender its BitLicense. NYDFS said in a press release that investigations found the crypto platform had […]

Turkey is preparing new law on crypto assets: report
Regulation

Turkey’s crypto regulation is at the final stage: report

January 11, 2024 CryptoExpert

Turkey’s crypto regulation seeks to align the country’s anti-money laundering laws with the scope of the Financial Action Task Force (FATF) as it looks to get off the “grey list”. Minister of Treasury and Finance […]

Honduras' Próspera Zone recognizes Bitcoin as an official unit of account
Regulation

Honduras’ Próspera Zone recognizes Bitcoin as an official unit of account

January 9, 2024 CryptoExpert

Próspera Zone in Honduras officially recognizes Bitcoin as a unit of account, expanding financial freedom. Acting manager Jorge Colindres leads the initiative, emphasizing the right to financial flexibility. Despite temporary limitations, entities opting for Bitcoin […]

India issues compliance notices to nine offshore exchanges including Binance
Regulation

India issues compliance notices to nine offshore exchanges including Binance

December 29, 2023 CryptoExpert

India issues show-cause notices to Binance, Kucoin, and others for PMLA violations. Finance Ministry urges blocking URLs of offshore exchanges operating illegally in India. 1% tax on local exchanges prompts 3-5 million Indian users to […]

South Korea to disclose top officials’ crypto holdings in 2024 as new crypto exchange launches
Regulation

South Korea to disclose top officials’ crypto holdings in 2024 as new crypto exchange launches

December 28, 2023 CryptoExpert

South Korea transforms transparency: 5,800 officials disclose assets, incl. crypto, via PETI. Pullix disrupts crypto exchange norms: PLX token presale, hybrid approach, and unique incentives. Governmental transparency and crypto innovation converge, shaping the future of […]

SEC asks for final changes to spot Bitcoin ETF filings: Report
Regulation

SEC asks for final changes to spot Bitcoin ETF filings: Report

December 26, 2023 CryptoExpert

The US Securities and Exchange Commission (SEC) has set December 29, 2023 as the date for final changes to spot Bitcoin ETF filings. BlackRock, Grayscale and ARK Invest and other companies are all eyeing spot […]

Bulgaria closes investigation into Nexo citing no criminal activity
Regulation

Bulgaria closes investigation into Nexo citing no criminal activity

December 24, 2023 CryptoExpert

Bulgarian prosecutors have ended the criminal investigations into crypto lender Nexo. A report published on Friday said authorities had found no evidence of money laundering and tax offences against Nexo and four of its executives. […]

US court approves settlement against Binance, firm to pay $2.7B to CFTC
Regulation

US court approves settlement against Binance, firm to pay $2.7B to CFTC

December 19, 2023 CryptoExpert

A United States court has entered an order against crypto exchange Binance and its former CEO, Changpeng “CZ” Zhao, that will see Binance pay $2.7 billion and CZ pay $150 million to the Commodity Futures […]

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