India has taken a significant step towards strengthening digital privacy with the release of draft data protection rules under the Digital Personal Data Protection Act, 2023. These rules, open for public consultation until February 18, aim to establish clear and enforceable guidelines for handling personal data by entities operating within the country. This development marks…

China has implemented new rules that require banks to flag risky transactions, including those involving cryptocurrencies, in an effort to tighten control over digital assets. The State Administration of Foreign Exchange, China’s foreign exchange regulator, has rolled out these new regulations, which mandate local banks in mainland China to keep a closer eye on transactions…

The transition of crypto asset oversight in Indonesia from the Commodity Futures Trading Agency to the Financial Services Authority (FSA) is reportedly facing delays due to a lack of supporting government regulation, according to a recent report by Jakarta Globe. The transfer of crypto asset supervisory authority from the previous agency, Bappebti under the Ministry…

Russia’s Digital Ruble Mandate: A Bold Step Towards De-Dollarization In a bold move to reduce dependence on the dollar and modernize its financial system, Russia has launched the digital ruble mandate. The Central Bank of Russia is spearheading this project, which aims to create a new digital currency that will revolutionize how Russians pay for…

In a bold move that has sparked controversy and concern among the cryptocurrency community, State Duma lawmaker Adam Delimkhanov has issued a warning that crypto miners in Chechnya will be treated like terrorists in 2025. This announcement comes following the ban on cryptocurrency mining in several regions in Russia, set to take effect in January…

Malaysia’s Securities Commission has taken decisive action against cryptocurrency exchange Bybit for operating without proper registration, signaling a crackdown on unregulated digital platforms in the country. The commission instructed Bybit and its chief officer, Ben Zhou, to cease all operations in Malaysia and halt all advertisements targeting Malaysian audiences. The Securities Commission’s enforcement proceedings against…