New US SEC Chair Says Crypto Sector Deserves Clear Regulations

New US SEC Chair Says Crypto Sector Deserves Clear Regulations

The new head of the US Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering “regulatory uncertainty” in prior years. “Market participants engaging in this technology deserve clear regulatory rules of the road,” Paul Atkins said in his first remarks since being sworn in as … Read more

UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025

UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025

The Central Bank of the UAE (CBUAE) plans to launch its Digital Dirham central bank digital currency (CBDC) between October and December. On Thursday, the bank said that the Digital Dirham token will improve security and efficiency of financial transactions, while reducing the costs of facilitating national and international payments. The CBUAE has also created … Read more

ED Seizes ‘Biggest’ Crypto Fund Worth Rs. 1,646 crore in PMLA Case

ED Seizes

The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore as part of a “mega” money laundering investigation into a fraud investment scheme where numerous depositors were duped in the name of securities investment, official sources said. The Ahmedabad office of the federal probe agency has also seized Rs 13.50 lakh in … Read more

South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset Market 

South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset Market 

South Korea is collaborating with various internal authorities to develop its Web3 market. In a recent move, the Financial Services Commission (FSC) unveiled a roadmap to gradually integrate local corporations into the VDA market, which primarily consists of cryptocurrencies. Looking ahead, South Korea aims to assess the financial aspects of cryptocurrencies and foster sector growth … Read more

US Crypto Czar David Sacks Begins Studying Feasibility of US Bitcoin Reserve

US Crypto Czar David Sacks Begins Studying Feasibility of US Bitcoin Reserve

The feasibility of Donald Trump’s ambition to create a national reserve of Bitcoin is still being studied by officials in the administration, White House crypto czar David Sacks said as he met with lawmakers to advance the new president’s policies on digital assets. “That is one of the first things we’re going to look at … Read more

US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF

US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF

The US Securities and Exchange Commission on Thursday approved part of an application for a novel exchange-traded fund that would track the two largest cryptocurrencies. The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The structure of … Read more

CoinDCX Brings ‘Bitcoin Chai Cafe’ Crypto Literacy Campaign to Tea Stalls in Mumbai

CoinDCX Brings

CoinDCX has announced a new crypto literacy project in Mumbai, that will attempt to kickstart discussions on crypto and digital assets at a popular meeting place in the city — tea stalls. Dubbed ‘Bitcoin Chai Cafe’, the Indian crypto exchange’s latest initiative is designed to promote crypto-related conversations at tea stalls, which are frequented by … Read more

French Investigators Open Fraud Probe Against Crypto Platform Binance

French Investigators Open Fraud Probe Against Crypto Platform Binance

French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world’s largest cryptocurrency exchange, which said it denied the allegations. The economic and financial crime section of the Paris public prosecutor’s office (JUNALCO) said in a statement that the probe includes money laundering … Read more