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Kenyan regulators say no crypto firms are licensed under the new VASP Act and warn that providers claiming approval are doing so illegally. Bitcoin ATMs were spotted across major shopping malls in Nairobi days after Kenya implemented its first comprehensive cryptocurrency law, creating an immediate stress test for regulators who claim that no crypto provider…
Pig-butchering scams are expanding into a transnational crime model, blending trafficking and crypto laundering on a massive scale. The multibillion-dollar scam known as “pig-butchering,” once treated as a consumer-fraud issue, has crossed a new threshold, prompting concerns over national security. In a podcast, Chainalysis head of national security intelligence, Andrew Fierman and former prosecutor Erin…
Arjun Sethi criticized the UK’s crypto regulations for burdening users with excessive disclaimers, saying they worsen customer experience. Arjun Sethi, the co-CEO of major crypto exchange Kraken, criticized the United Kingdom’s crypto regulations, which he said hinder services for their customers. In an interview with the Financial Times, Sethi said that “in the UK today,…
Expanding outside the US, Coinbase Business launches in Singapore to give startups and SMEs a unified platform for USDC payments, asset management and more. Coinbase Business, a new business platform from major US crypto exchange Coinbase, has launched in Singapore, marking the company’s first international expansion. After introducing Coinbase Business in June, Coinbase has rolled…
The United Arab Emirates’ central bank digital currency pilot has made its first transaction, reportedly completed in under two minutes. The United Arab Emirates has made the first transaction with its central bank digital currency in the first major update to the project since it was announced in March. The United Arab Emirates’ Ministry of…
The Bank of England invites feedback on its proposed stablecoin framework, with the aim of finalizing the rules in the second half of 2026. The United Kingdom’s central bank is moving toward stablecoin regulation by publishing a consultation paper proposing a regulatory framework for the asset class. The Bank of England (BoE) on Monday released…
Japan’s financial regulator has launched a “Payment Innovation Project” backing a joint initiative by major banks and corporations to issue yen-based stablecoins. Japan’s financial regulator, the Financial Services Agency (FSA), endorsed a project by the country’s largest financial institutions to jointly issue yen-backed stablecoins. In a Friday statement, the FSA announced the launch of its…
Blockchain.com praised Malta’s regulatory clarity while member states still argued over how MiCA should apply across the EU. Blockchain.com, one of the oldest crypto platforms operating a wallet and a blockchain explorer, has received regulatory approval in Europe as it ramps up compliance efforts. Blockchain.com obtained a Markets in Crypto-Assets Regulation (MiCA) license from the…
World’s Polymarket Mini App integration came amid prediction markets surging past 2024 records, with $2 billion in weekly trading volumes. World, OpenAI CEO Sam Altman’s digital identity project, formerly known as Worldcoin, is expanding into prediction markets by integrating Polymarket. World App, a mobile application that combines a digital wallet with World’s decentralized identity tool,…
BlackRock’s iShares Bitcoin ETP debuts on the London Stock Exchange as UK regulators ease rules on crypto-linked investment products. BlackRock has launched a Bitcoin-linked exchange-traded product (ETP) in the United Kingdom following the Financial Conduct Authority’s (FCA) decision to ease restrictions on crypto investment vehicles. On Monday, the asset manager’s website showed that the iShares…