Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade will allow visitors from abroad to replenish a digital yuan wallet through the global payment networks Visa and Mastercard among other methods. China Allows Foreign Users of Its Digital Yuan […]
Author: Lubomir Tassev
US Crypto Exchange Kraken Wins ‘Milestone’ Regulatory Approvals in Europe
Cryptocurrency exchange Kraken announced new achievements in implementing its strategy to pursue expansion on the European market. The U.S. trading platform for digital assets said it has received regulatory nods from the monetary authorities of Ireland and Spain, two of the EU nations with relatively clear rules for the industry. Another Major U.S. Crypto Exchange, […]
Binance Reopens Registrations in Belgium, Restores Services
Cryptocurrency exchange Binance is now accepting new registrations of Belgian users following an interruption caused by regulatory actions against it. In June, the trading platform was ordered to cease providing crypto exchange and custody services in the EU country. Binance Returns to Belgium 3 Months After Pausing Services Under Regulatory Pressure The world’s largest crypto […]
Bitboy Ben Armstrong Arrested During Live Stream Over Stolen Lambo
Crypto influencer Ben ‘Bitboy’ Armstrong has been reportedly arrested while livestreaming his attempt to confront a former business partner. Excerpts from the Youtube video released on social media show him explaining to police the reasons for his deed, including the alleged theft of his Lamborghini. Bitboy Crypto Gets Detained in Front of Former Business Partner’s […]
Coinbase Registers as Crypto Exchange and Wallet Provider in Spain
U.S.-based crypto exchange Coinbase has obtained a registration in Spain that will allow it to offer a range of services for digital assets. The authorization fits into the company’s current strategy for global expansion through acquiring local licenses and tailoring products for specific markets. Cryptocurrency Exchange Coinbase Registers With the Central Bank of Spain Leading […]
British Law Firm to Sue Onecoin Cryptoqueen to Recover Investor Funds
A London-headquartered law firm is preparing a lawsuit against the fugitive mastermind of the Onecoin crypto pyramid scheme, ‘Cryptoqueen’ Ruja Ignatova. Its lawyers intend to file a class action suit in the United Kingdom’s High Court, the British press revealed. Fugitive Cryptoqueen May Face U.K. High Court Lawsuit Over Investor Losses Mishcon de Reya, the […]
FBI Wanted Co-Founder of Crypto Exchange Wex Sentenced in Russia
Aleksey Bilyuchenko, co-founder of Wex, the successor of the infamous Russian crypto exchange BTC-e, will spend only a couple of years in prison. The Russian, who is charged in the U.S. with money laundering, has been sentenced in his homeland as the only defendant in a case over the collapse of Wex which brought heavy […]
Coinbase Sought to Buy FTX Europe for Its Derivatives Business, Report
Leading U.S. crypto exchange Coinbase pursued the acquisition of failed coin trading competitor FTX’s European subsidiary, a media report revealed. The move has been seen as proof of the growing importance of derivatives for the American platform’s plan to expand business globally. Coinbase Held Talks to Acquire FTX Europe After Bankruptcy and in September Coinbase […]
Regulator Sues Crypto Exchange Kraken Provider in Australia
Australia’s securities regulator has initiated civil proceedings against Bit Trade Pty Ltd, an entity providing Kraken services to Australian users. According to the government agency, the company failed to comply with regulatory obligations meant to ensure proper consumer protection. Australian Regulator Seeks to Prohibit Kraken Partner From Ongoing Conduct The Australian Securities and Investments Commission […]
Vivek Ramaswamy Plans to Have Crypto Policy Ready by Thanksgiving
Presidential hopeful Vivek Ramaswamy is working on a crypto policy framework that he aims to finalize by Thanksgiving. The Republican criticized the regulation-by-enforcement approach of U.S. government agencies like the securities regulator under the administration of President Joe Biden and vowed to cut three-fourths of their personnel. Presidential Candidate Vivek Ramaswamy Preparing His Crypto Platform […]