Author: Chris Smith
Only 54% of Crypto Ads Considered Illegal by FCA Were Removed in UK
Reading Time: < 1 minuteThe UK’s Financial Conduct Authority (FCA) was only successful in removing 54% of the 1,702 illegal crypto advertisements that were reported between October 2023 and October 2024.
Chinese Regulator Introduces Stricter Crypto Rules
Reading Time: < 1 minuteThe Chinese government has implemented new foreign exchange regulations that require banks to closely monitor and flag any high-risk transactions involving cryptocurrency assets.
Malaysia’s Regulator Orders Bybit to Exit Local Market
Reading Time: < 1 minuteThe Securities Commission (SC) of Malaysia has taken action against cryptocurrency exchange Bybit.
Tether Moves $780M in Bitcoin to its Reserve
Reading Time: < 1 minuteTether has recently moved around $780 million worth of Bitcoin into its corporate Bitcoin reserve, marking its largest move since March.
Australia Installs 1,359 Bitcoin ATMs
Reading Time: < 1 minuteAustralia is emerging as a frontrunner in global adoption of cryptocurrency, largely due to the increasing number of Bitcoin ATMs.
Galaxy Research: US Government Will Not Acquire BTC Next Year
Reading Time: < 1 minuteGalaxy Digital’s research division predicts that the US government will not purchase any Bitcoin in 2025, but will instead hold onto its existing supply.
Bitwise Files for Bitcoin ETF Tracking Companies Holding BTC Reserves
Reading Time: < 1 minuteBitwise Asset Management has applied for approval from regulators to introduce a new ETF that targets publicly traded companies with significant holdings of Bitcoin.
Hong Kong’s Stablecoins Bill Enters Legislative Council
Reading Time: < 1 minuteHong Kong has taken a significant step towards establishing a regulatory framework for stablecoins with the publication of the proposed Stablecoins Bill.
Israel Greelights Six Bitcoin Funds
Reading Time: < 1 minuteSix Bitcoin mutual funds are set to launch on December 31 by Israeli fund managers, after receiving approval from the Israel Securities Authority.
Turkey to Implement New Crypto AML Regulations
Reading Time: < 1 minuteTurkey has announced new regulations for cryptocurrencies, taking inspiration from similar developments in major jurisdictions like Europe.
30% of South Korea’s Users Have Invested in Crypto
Reading Time: < 1 minuteThe Bank of Korea has recently announced that there were more than 15.59 million domestic investors in crypto assets, which accounts for over 30% of the country’s population.
Hackers Steal $2.3B in Crypto in 2024
Reading Time: < 1 minuteHackers targeting cryptocurrency this year made record-breaking achievements by stealing over $2.3 billion worth of crypto assets from the Web3 ecosystem.
Crypto.com Launches a Custody Service in US
Reading Time: < 1 minuteCrypto.com on Monday announced the launch of its new cryptocurrency custody service, called the Crypto.com Custody Trust Company.
Russia Bans Cryptocurrency Mining for 6 Years
Reading Time: < 1 minuteThe Russian government has approved a list of regions and territories where cryptocurrency mining will be prohibited next year.
Tech Giant Google Will Require UK Crypto Ads to Register with National Regulator
Reading Time: < 1 minuteGoogle has implemented a new policy that requires digital asset exchanges and wallets to be registered with the Financial Conduct Authority (FCA) in the United Kingdom before being authorized to advertise on its platform.
Jump Crypto Subsidiary Agrees to Pay $123 Million to SEC
Reading Time: < 1 minuteOn December 20, Tai Mo Shan, a subsidiary of Jump Crypto, reached a settlement with the United States Securities and Exchange Commission (SEC) for a sum of $123 million.
SEC Approves Bitcoin and Ethereum Crypto Index ETFs
Reading Time: < 1 minuteThe SEC has given its approval for the launch of combined Bitcoin and Ethereum ETFs by Hashdex and Franklin Templeton.
Nigerian SEC Introduces Stricter Crypto Rules
Reading Time: < 1 minuteThe Nigerian Securities and Exchange Commission (SEC) has recently updated its regulations concerning cryptocurrencies, specifically targeting the marketing of crypto products and services by virtual asset service providers (VASPs) and social media influencers.
Binance is Sued by Australian Regulator
Reading Time: < 1 minuteASIC has taken legal action against Binance Australia Derivatives, a crypto derivatives trading platform, for failing to comply with consumer protection laws.
Judge Won’t Stop Coinbase’s wBTC Delisting
Reading Time: < 1 minuteIn a hearing on December 18, a federal judge in the United States District Court for the Northern District of California ruled in favor of Coinbase in a lawsuit filed by BiT Global.
Bitfinex Analysts: Bitcoin May Reach $200,000 in 2025
Reading Time: < 1 minuteBitfinex analysts have stated their minimum price target for Bitcoin remains between $140,000 and $200,000 around mid-2025.
UK’s Regulator Seeks Public Comment on Crypto Regulations
Reading Time: < 1 minuteThe Financial Conduct Authority of the United Kingdom is asking for the public’s opinion on its proposed strategies for enhancing the transparency of the nation’s crypto markets.
Kraken and BitGo to Distribute First FTX Payments to Creditors
Reading Time: < 1 minuteFTX’s debtors have announced that a reorganization plan, allowing for repayment to customers, will come into effect on January 3.
OpenSea to Hold Airdrop Following Cayman Islands Registration
Reading Time: < 1 minuteFollowing its registration in the Cayman Islands, OpenSea has sparked speculation among the community about a potential token launch and user airdrop.
BiT Global Sues Coinbase Over wBTC Delisting
Reading Time: < 1 minuteJustin Sun’s company BiT Global, which recently became a major stakeholder in the wBTC ecosystem, is taking legal action against the crypto exchange behemoth Coinbase.
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