Nigeria’s SEC Hikes Crypto Exchange Registration Fee to N150M
The regulator proposes to increase the registration fee for cryptocurrency exchanges in Nigeria fivefold – from 30 million naira ($18,620) to 150 million naira ($93,000).
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Kraken Aims to Dismiss SEC Suit to Avoid Dangerous Precedent
Kraken has filed to dismiss an SEC lawsuit that would grant the regulator “boundless authority over commerce and potentially open up the floodgates to private securities law claims,” in the crypto exchange’s opinion.
Key 2024 Crypto Trends
Decentralisation is a keyword in the modern financial industry. The crypto segment is developing rapidly, with new trends shaping the future of decentralised transactions. Here is what to expect from the cryptocurrency field in 2024.
China to Revise AML Regulations With Crypto Transaction Cases
The revised law on Anti-Money Laundering (AML) practices in China will take into account the prevention of cryptocurrency use for such illegal purposes.
Spot Bitcoin ETF Application Registered in Hong Kong
Following the approval of several spot Bitcoin ETF applications in the U.S., regulators in Hong Kong see the first financial institutions trying to jump on the crypto ETF bandwagon.
Challenges to Fintech Development in Nigeria
Mass adoption of digital services in Nigeria is consistent with the growth of the local fintech industry. However, the immense potential of this segment cannot be fully revealed without overcoming a number of the regulatory and financial challenges.
SEC Officially Approves Spot Bitcoin ETF
After months of application revisions, bilateral meetings and media speculations, the first Spot Bitcoin ETF in the U.S. is finally approved by the SEC. Here’s how the landmark approval relates to public expectations.
Nigeria Removes Crypto Restrictions
After almost two years of a comprehensive ban prohibiting local banks from engaging with digital currencies, the Central Bank of Nigeria (CBN) has lifted the given restrictions, allowing lenders to open accounts for crypto firms.
Registered Crypto Firms Surge 56% in Spain
Several international platforms, such as Revolut, Bitpanda, Crypto.com and Vivid, have joined the list of registered crypto providers in Spain in 2023.
Google to Allow US Crypto Trust Ads
Ads about crypto trusts in the US will be enabled by Google from the end of January 2024.
Singapore Tightens Crypto Regulation
The Monetary Authority of Singapore (MAS) introduces new investor protection measures for crypto service providers to discourage cryptocurrency speculation among retail customers.
Binance Investors Pull $956M After Changpeng Zhao Steps Down
Crypto exchange Binance saw about $956 million in outflows in 24 hours after its CEO, Changpeng Zhao, stepped down, pleading guilty to settle a years-long U.S. illicit finance probe.
Fidelity Applies for Ethereum EFT
Fidelity applied to list and trade shares of the spot Ethereum Exchange-Traded Fund (ETF) on the Cboe BZX Exchange.
BlackRock Pursues Ethereum ETF
BlackRock filing for Ethereum ETF that followed the recent Bitcoin ETF application sent ETH price to over $2,000.
PayPal UK Approved to Offer Crypto Services
PayPal UK Limited has received approval from the UK Financial Conduct Authority (FCA) as a crypto service provider, allowing the company to offer specific cryptocurrency services and advertise them to local clients. The regulatory clearance signifies that PayPal can engage in “certain crypto asset activities” and communicate about its crypto-related offerings in compliance with the […]
UK Finalized Crypto Regulation Proposals
UK HM Treasury has published the final results of the consultation on the regulatory regime for crypto assets.
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