India, in a bid to ensure that the crypto sector is safe for investors, has been tightening the noose around crypto players. Now, KuCoin has become the latest international crypto exchange to have completed compliance with India’s Financial Intelligence Unit (FIU). In February, the government of India had issued an alert to all crypto players … Read more
Sam Altman’s controversial Worldcoin project is no longer under investigation in Kenya. An official notice issued by the Directorate of Criminal Investigations (DCI) in Kenya has claimed that an array of allegations related to Worldcoin’s user data collection were ‘expeditiously and objectively’ investigated. The file of this case has now been shut with the police … Read more
Taiwan is taking regulatory steps to govern its growing crypto sector. In a recent move, the country has made compliance with anti-money laundering (AML) laws mandatory for crypto firms. With the crypto ecosystem expanding, Taiwan has become a hub for Web3 initiatives. According to Statista, Taiwan’s crypto market is projected to grow at an annual … Read more
ByBit on Thursday announced that it has settled a monetary penalty imposed on the crypto firm, by India’s Financial Intelligence Unit (FIU-IND). The Dubai-based crypto exchange has also registered with the FIU-IND and revealed that it will ramp up initiatives to spread crypto awareness in India and work with educational institutions to let students experiment … Read more
Coinbase has officially resumed operations in India after nearly two years. On March 11, the US-based crypto exchange announced its registration with India’s Financial Intelligence Unit (FIU), a mandatory step for all crypto firms operating in the country. Highlighting India’s rise as a global tech powerhouse, Coinbase emphasised the nation’s key role in Web3 expansion. … Read more
Stablecoin issuers and exchanges got a boost Friday from the Securities and Exchange Commission after the agency’s staff determined that the assets, generally, aren’t securities. That means they won’t have to be registered with the markets regulator. The determination applies as long as a crypto asset is backed by a stable currency such as the … Read more