Government policy, laws and regulation shaping digital assets and the future of money.
Cryptocurrency exchange Bybit has taken another step toward expanding its global presence by securing a Virtual Asset Service Provider (VASP) license from Georgia’s National Bank. Announced in a press release on November 5, the license allows Bybit to operate legally within Georgia, a country that has increasingly positioned itself as a hub for blockchain innovation … Read more
Dubai’s VARA fined seven unlicensed crypto firms AED 50k-100k and issued cease-and-desist orders. What happened, why licensing is mandatory, and enforcement in 2026.
Pavel Durov, the founder and CEO of Telegram, has recently made headlines following his arrest for allegedly facilitating criminal activities on the platform. In a surprising revelation, Durov confirmed that Telegram has been disclosing user information, specifically IP addresses and phone numbers, since 2018. This disclosure has raised serious concerns within the cryptocurrency community, particularly … Read more
The prosecution of Olumide Osunkoya marks a pivotal moment in the United Kingdom’s approach to cryptocurrency regulation. This case is notable as it represents the first prosecution under new money laundering and terrorist financing regulations, reflecting the authorities’ intensified scrutiny of the crypto sector. The Charges Against Osunkoya Osunkoya operated at least 11 crypto ATMs … Read more
The Securities and Exchange Commission (SEC) has until October 7 to decide whether to appeal a pivotal ruling by Judge Analisa Torres regarding XRP in the ongoing Ripple case. As legal experts assess the situation, the consensus suggests that the chances of an appeals court overturning Judge Torres’s decision are low. This assessment is based … Read more
Green United LLC has lost its bid to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), which accuses the company and its executives of orchestrating a fraudulent cryptocurrency mining scheme that allegedly defrauded investors of approximately $18 million. Defendants Wright Thurston and Kristoffer Krohn, who operated the firm, faced allegations of … Read more
Australian regulators are gearing up to implement new legislation mandating that cryptocurrency exchanges obtain financial services licenses. This development marks a significant shift in how digital currency exchanges will be governed in Australia, expanding beyond existing regulations specific to digital currencies. Need for Clarity and Regulation According to Alan Kirkland, commissioner of the Australian Securities … Read more
Crypto.com, a prominent global cryptocurrency exchange, has officially secured a crypto payment service provider license from the Central Bank of Bahrain. This new development aligns with the company’s strategic expansion efforts within the Gulf Cooperation Council (GCC) region. The exchange had previously obtained a similar license from Dubai’s Virtual Assets Regulatory Authority (VARA), highlighting its … Read more
In a recent letter to SEC Chair Gary Gensler, Republican lawmakers Tom Emmer and Patrick McHenry have raised significant concerns regarding the classification of cryptocurrency airdrops as securities. They argue that the SEC’s current approach could hinder innovation and limit the potential of blockchain technologies in the United States. Lawmakers Challenge SEC’s Stance on Airdrops … Read more
In a recent legal development, a federal judge in Colorado has dismissed a class-action lawsuit against Atomic Wallet, citing insufficient grounds to establish jurisdiction over the Estonian cryptocurrency firm. The ruling, issued on September 10 by Judge Philip Brimmer, also affects key individuals associated with the company, including its CEO Konstantin Gladyshev, shareholder Pavel Sokolov, … Read more