OKX Launches Local Regulated Entity in Australia
Crypto exchange OKX is moving its Australian-focused services under a locally regulated entity as part of its expansion efforts. As part of its Asian-Pacific expansion, the cryptocurrency exchange OKX transfers its Australian-centric services to a locally regulated entity. During a media engagement in Sydney on May 14, OKX president Hong Fang told reporters, “I think […]
Coinbase Suffers Major Outage on May 14
Coinbase has experienced a significant system-wide outage that has left its services inaccessible to both desktop and mobile users. Since its inception at 4:15 am UTC on May 14, the disruption has engendered extensive discontent among users endeavoring to gain entry to their accounts or perform transactions. Presently, patrons of the Coinbase website are met with an error […]
Binance Bribery Allegations Threaten Nigeria’s Foreign Investments
Binance CEO’s bribery allegations against Nigerian officials may deter foreign investment, according to SBM Intelligence. SBM Intelligence, an Africa-focused risk consultancy firm, has warned that the bribery allegations levied by Binance CEO Richard Teng against Nigerian government officials may hinder foreign investment efforts in the country. SBM Intelligence, in its analysis of recent occurrences and […]
IMF Advises Nigeria to License International Crypto Exchanges
As part of its economic reformation initiatives, the International Monetary Fund (IMF) recommends that Nigeria grant licenses to international cryptocurrency exchanges. According to a recent IMF report, aiming to solidify Nigeria’s position in the African cryptocurrency market is the objective of the country’s effort to integrate cryptocurrencies into its financial system. It is suggested that […]
Binance, KuCoin Crypto Exchanges Receive FIU Approval in India
Despite the crypto regulatory ban in India, Binance and KuCoin exchanges have obtained approval from India’s Financial Intelligence Unit (FIU). The FIU of India’s authorization of Binance and KuCoin represents a turning point in the regulatory landscape following a period of regulatory ambiguity and prior prohibitions on offshore cryptocurrency entities. This action represents a pivotal […]