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Monero Shows Signs of Recovery: Eyes Bullish Rebound Despite Regulatory Pressure
Monero, a popular privacy-focused cryptocurrency, is showing signs of a bullish rebound after a 5% surge in the past 24 hours, despite facing regulatory pressure. The digital asset, which is currently trading at $146.63 with a market cap of $2.7 billion, has emerged as one of the top performers in the market. The recent surge…
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EU Launches Project to Develop General-Purpose AI Code of Practice: Balancing Innovation and Safety
The European Commission has taken a significant step towards regulating artificial intelligence (AI) by initiating the development of the first-ever General-Purpose AI Code of Practice. This Code is closely linked to the recently passed EU AI Act and aims to establish clear guidelines for AI models such as ChatGPT and Google Gemini, particularly in areas…
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Kraken Delisting Monero for European Clients: Regulatory Changes Lead to XMR Trading Halt
Kraken, one of the leading cryptocurrency exchanges based in the United States, has announced that it will be delisting Monero (XMR) for clients registered in the European Economic Area (EEA) due to regulatory changes. This decision comes as a result of increasing scrutiny on privacy coins like Monero, which offer enhanced transaction anonymity. In a…
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Ohio Senator Introduces Bill to Allow Crypto Tax Payments
Ohio Senator Niraj Antani is pushing for a new bill that could potentially revolutionize the way taxes are paid in the state. The bill, introduced on September 30, 2024, aims to allow taxpayers in Ohio to pay their taxes using Bitcoin and other cryptocurrencies. If enacted into law, this legislation would require state and local…
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Dubai Regulators Crack Down on Crypto Marketers with New Risk Disclaimer Rule
Dubai regulators have implemented a new rule that mandates crypto marketers to add a risk disclaimer to their marketing materials. The United Arab Emirates’s Virtual Assets Regulatory Authority (VARA) has issued a directive requiring crypto firms to include a disclaimer warning potential customers about the risks associated with investing in digital assets. This new regulation,…
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Coinbase vs. SEC: The Battle for Clear Crypto Regulation
Coinbase, one of the leading cryptocurrency exchanges in the United States, is currently embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC) over the need for clear and precise regulation in the crypto industry. The clash between Coinbase and the financial regulator came to a head on Monday, September 23, as…
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Australia to Require Crypto Firms to Hold Financial Services Licenses: New Guidance Coming Soon
Australian regulators are taking steps to tighten regulations on cryptocurrency exchanges by requiring them to obtain financial services licenses. The move comes as the Australian Securities and Investments Commission (ASIC) prepares to extend licensing requirements beyond those related to digital currency exchanges, as reported by The Australian Financial Review (AFR). ASIC commissioner Alan Kirkland highlighted…
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Australia to Introduce New Legislation Requiring Crypto Firms to Obtain Financial Services Licenses
Australian regulators are taking steps to tighten regulations on cryptocurrency exchanges by requiring them to obtain financial services licenses. The move comes as the Australian Securities and Investments Commission (ASIC) considers extending licensing requirements beyond those related to digital currency exchanges. ASIC commissioner Alan Kirkland revealed the authority’s plans at the AFR Crypto and Digital…
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Bridging the Gap: Encouraging Traditional Finance Participation in Blockchain
Traditional finance and blockchain technology have often been seen as opposing forces, but recent developments suggest a shift towards collaboration. In a recent opinion piece by Ariel Shapira on crypto.news, the author discusses the increasing interest of traditional financial institutions (TradFi) in the crypto space and the challenges they face in fully embracing blockchain technology.…
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Brazilian Authorities Uncover $9.7 Billion Crypto Laundering Scheme
Brazilian authorities have made a significant breakthrough in the fight against financial crimes with the uncovering of a $9.7 billion crypto laundering scheme. The operation, dubbed “Operation Niflheim,” led to the arrest of suspects in multiple cities, including São Paulo, Fortaleza, and Brasília. According to reports, the Federal Revenue and Federal Police executed 23 search…
