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Prohibition of Cash Withdrawals From VASPs Operated Accounts May Contradict Central Bank’s Cashless Policy — Nigerian Lawyer
7.1.2024
Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however believes an “outright” prohibition of cash...
Nigerian Central Bank Lifts February 2021 Crypto Prohibition Order
23.12.2023
The Nigerian central bank has reversed its Feb. 5 order which barred banks and financial institutions from extending their services to crypto entities. The central bank said new guidelines align with the Financial Action Task Force’s updated recommendation 15, which calls for the regulation...
Ghana’s Securities Regulator Creates Taskforce to Build Capacity for Crypto Asset Oversight
20.12.2023
The Ghanaian securities regulator has established a task force which is expected to help it boost its capacity to regulate crypto assets. Ghanaian residents have continued to trade and invest in cryptocurrencies and this has forced the regulator to think of ways to protect crypto users. Gaining...
Turkey’s New Crypto Asset Regulations Expected in 2024 – Focus on Taxation and Licensing
16.11.2023
Source: Pixabay Turkey officials confirmed that the nation is considering debuting a new crypto market regulation, effective 2024. The regulation will emphasize addressing crypto licensing and taxation, per a Reuters report. Turkey is seeking to address concerns raised by the Financial Action Task...
Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation
9.11.2023
Gemini will be restricting its UK users to sending only to 58 virtual asset service providers that are registered under the Travel Rule starting Nov. 17. A Trezor analyst argues the measures will go against the principles of Bitcoin and financial freedom
Turkey Aims to Leave FATF Grey List with Proposed Crypto Asset Legislation
1.11.2023
Turkey is taking steps to toughen its crypto regulations in an effort to convince the Financial Action Task Force (FATF), an international financial crime watchdog, to remove it from the “grey list” of countries that have not done enough to combat money laundering and terrorist...
Report Exposes Warrantless Cash Searches at Atlanta Airport
22.10.2023
In a startling investigation report, Atlanta News First uncovered the concerning practices of the U.S. Drug Enforcement Administration (DEA) task force officers. At Hartsfield-Jackson Atlanta International Airport, DEA officers, in plain clothes, have been found searching passengers’...
Today in Crypto: A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police Form Task Force to Investigate Suspicious Crypto Activity
5.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police...
Hong Kong police, regulator form crypto task force as JPEX saga unfolds
5.10.2023
The joint group was established in light of the ongoing crypto scandal in Hong Kong involving the JPEX crypto exchange
Indonesia Expands De-Dollarization Efforts With National Task Force Formation
9.9.2023
Indonesia’s central bank has established a national task force to expand the use of local currency with partner countries. Malaysia, Thailand, Japan, and China are already trading with Indonesia using local currencies. In addition, Singapore and South Korea have signed cooperation agreements...
UK's Travel Rule comes into effect, could halt certain crypto transfers
1.9.2023
The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain
South African Crypto Premium Surge After Kraken Abruptly Starts Blocking Deposits by Local Residents
31.8.2023
The premium on crypto assets listed on South African exchanges briefly surged to 3.5% after Kraken’s abruptly started blocking deposits from users based in the African country. Some South African crypto experts have linked Kraken’s decision to the Financial Action Task Force’s...
UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September
19.8.2023
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable...
Ripple and BIS Partner for Cross-Border Payments Interoperability Task Force
11.8.2023
Ripple has partnered with the Bank for International Settlements (BIS) to join its cross-border payments interoperability and extension (PIE) task force.
In a Wednesday tweet, the BIS shared a summary of its recent PIE task force meeting, which claimed that the members of the task force will work...
Pentagon forms ‘Task Force Lima’ to map generative AI for US defense
11.8.2023
Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities
Ripple joins BIS cross-border payments task force
10.8.2023
The task force is a part of the Bank of International Settlements' Committee on Payments and Market Infrastructure
Disney creates an AI task force to explore the tech and cut costs: Report
8.8.2023
Disney has reportedly created a task force for studying how it can incorporate AI into its operations, sources close to the matter told Reuters
Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban
20.7.2023
In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers...
Hong Kong Task Force appoints Yat Siu on the table
3.7.2023
Animoca Brands is now seeing its Co-Founder and Executive Chairman climb up the ladders in Hong Kong. The country is on the edge of becoming a global hub for Web3 and metaverse segments. Assuming things move seamlessly, it could also host digital tokens for the world. While that is a far-fetched...
Hong Kong Sets Up Task Force for Web3 Development
3.7.2023
Hong Kong wants to be a Web3 hub, Financial Secretary Paul Chan said