Philippines to block Binance exchange
The ban will take effect within five days, allowing investors to exit their crypto positions held via the Binance exchange.
The ban will take effect within five days, allowing investors to exit their crypto positions held via the Binance exchange.
EU regulators have opened a non-compliance investigation into various marketing and ranking practices of Apple, Google, Meta and Amazon in potential violation of the EU Digital Markets Act.
Nigerian authorities are investigating how the detained executive fled despite not holding any travel documents.
The decision to release Kwon reportedly came from the Council of the Supreme Court, which is set to review a decision that could grant or deny extradition to his native South Korea.
Ray Youssef remains optimistic about Nigeria’s chance of maintaining its position in the crypto ecosystem despite recent regulation challenges.
The United Kingdom police reportedly stated that the seizure was the “largest of its kind” in the nation’s history, with a sentencing date set for May.
The European Union's new Anti-Money Laundering laws limit cash and some crypto transactions but proposed noncustodial wallet limits didn't make the final cut.
According to Foresight News, LayerZero Labs CEO Bryan Pellegrino has accused 3AC co-founder Kyle Davies of offering higher interest rates to entice LayerZero to invest all its funds in 3AC, despite 3AC being insolvent at the time of the transaction. Pellegrino made these allegations in a tweet, raising concerns about the business practices of 3AC and its co-founder.
According to PANews, the Estonian government has approved a bill to regulate cryptocurrency service providers, which now requires a parliamentary vote. Under the proposed legislation, crypto service providers will be regulated by the Financial Supervisory Authority (FSA). Currently, these providers are registered with the Financial Intelligence Unit (FIU) and must comply with anti-money laundering (AML) rules. The FSA will begin issuing licenses in 2025, and FIU license holders must apply for an FSA license before the end of that year. The new bill will bring Estonia in line with the European Union's crypto asset market (MiCA) regulations.
Gary Gensler implied many market participants preferred to “whittle away at the SEC’s disclosure regime” rather than register, despite criticism that the requirements were unclear.