In a decisive move, Malaysia’s Securities Commission (SC) has mandated that Bybit, a well-known cryptocurrency exchange, and its CEO Ben Zhou shut down all operations within the country. This action underscores the persistent issues surrounding regulatory compliance that have plagued the crypto industry globally. The SC’s recent announcement explicitly cites Bybit’s inability to obtain the
Mobile
In the aftermath of the catastrophic collapse of the FTX exchange, the company initiated legal action against Ryan Salame, its former co-CEO of the Bahamian subsidiary. The lawsuit, filed on November 4, aims to reclaim approximately $98.8 million in a mix of cash and cryptocurrencies believed to be improperly obtained during Salame’s tenure. This situation
As the cryptocurrency market continues to evolve, analysts and enthusiasts alike are perpetually engrossed in forecasting the trajectories of various digital assets. Recently, cryptocurrency analyst Wisdom Matic has garnered attention by delineating expected price targets for several significant coins: Bitcoin (BTC), Dogwifhat (WIF), and Fantom (FTM). According to Matic’s assessment, Bitcoin could potentially ascend to
Binance has recently achieved a significant regulatory milestone by registering with India’s Financial Intelligence Unit (FIU-IND). This move, as reported on Aug. 15, marks an important step for the crypto trading platform in expanding its compliance to 19 jurisdictions, the highest number among similar platforms. The registration with FIU-IND underscores Binance’s commitment to upholding anti-money
Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently made a significant move by applying for a license to operate as a Virtual Asset Service Provider (VASP). This decision has placed them as the 26th VASP in Taiwan, highlighting their compliance with Money Laundering Prevention Laws. With Lin Zhichen, the company’s General Manager, named
The Bahamas is taking steps to boost the adoption of its central bank digital currency (CBDC) known as the “Sand Dollar” by working with commercial banks. This move aims to increase the utilization of CBDC and mobile payments within the country. Governor of the Central Bank of The Bahamas, John Rolle, mentioned that the country
In a move to bolster security measures and enhance compliance capabilities, BloFin Exchange, a well-known cryptocurrency trading platform, has partnered with the Chainalysis blockchain data platform. This integration is seen as a significant step towards ensuring the safety of the assets belonging to BloFin’s global user base. With over 320 contract trading pairs and 100
The cryptocurrency market is constantly evolving, with new tokens and projects emerging regularly. One such project that has caught the attention of crypto enthusiasts is eTukTuk. While Dogecoin (DOGE) may be experiencing fluctuations, eTukTuk is gaining momentum as the next big hit in the world of cryptocurrencies. Changing the Game with eTukTuk Unlike mainstream cryptocurrencies
On April 23, Solana’s leading decentralized exchange (DEX) aggregator, Jupiter, announced the acquisition of Ultimate Wallet and its mobile team. This strategic move aligns with Jupiter’s goal of expanding its user base through mobile platforms. With a beta launch scheduled for May, Jupiter is making a significant push towards mobile adoption to enhance the trading
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