Regulations
Binance Fined $2.2M by India’s Financial Intelligence Unit
Binance became the first offshore crypto-related entity, along with KuCoin, to be approved by India’s Financial Intelligence Unit (FIU) in May, conditional to paying a penalty.
Jump Crypto Adds $10M to Industry's U.S. Political War Chest, Raising PAC to $169M
The digital assets industry's Fairshake PAC is a congressional heavyweight with recent influxes, and its latest filings will indicate it still has $109M to spend.
IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency
The survey said that the 19 central banks in the region are exploring issuing a CBDC and the countries are mainly focused on how CBDCs can enhance financial inclusion and payment system efficiency.
Patrick McHenry Explains FIT21's Passage
The House Financial Services Committee Chair spoke at Consensus 2024.
FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets
Attorneys for the victims said the bankruptcy process has left FTX customers feeling "aggrieved and robbed."
Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck
The fund will provide investors exposure to bitcoin by investing in the VanEck Bitcoin Trust ('HODL') which is a United States ETF listed on the Cboe BZX Exchange, Inc (Cboe).
U.S. SEC's Crypto Enforcer David Hirsch Quits
Hirsch was the chief of the crypto asset and cyber unit in the Division of Enforcement at the U.S. SEC.
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
Members of the global financial stability body discussed areas that "warrant further attention" in the crypto sector during a meeting in Toronto last week.
South Africa Re-Elects Cyril Ramaphosa of the ANC as President
The election results are not expected to have much of an impact on South Africa's crypto industry.
Two Men Charged With Running Darknet Marketplace Empire Market
Thomas Pavey and Raheim Hamilton were previously arrested and charged with selling counterfeit currency on AlphaBay, another darknet marketplace.
