Brazil Supreme Court Backs Suspension of Elon Musk’s X
A Brazilian Supreme Court panel unanimously upheld a decision to suspend social media platform X after its owner, Elon Musk, refused to appoint a legal representative in the country. A Brazilian Supreme Court panel has upheld the decision of one of its justices to suspend the operations of social media platform X in the country. […]
OKX bags Singapore crypto license
OKX has received an MPI license in Singapore, allowing it to offer cryptocurrency trading and cross-border transfers without volume limits. Having obtained a complete license in Singapore, the cryptocurrency exchange OKX is now able to offer cryptocurrency trading as well as transfers across international borders. The company also announced that it had hired a former […]
Qatar Reveals Regulatory Framework for Digital Assets
Qatar’s central bank governor believes the framework will benefit the country’s financial sector. The Qatar Financial Centre (QFC), a business hub based in Doha, Qatar, has introduced a detailed set of regulations for managing and establishing digital assets. The Qatar Financial Centre Authority (QFCA) and the Qatar Financial Centre Regulatory Authority (QFCRA), the QFC’s regulatory […]
Binance Bahrain To Offer Derivatives For South African Users
Binance Bahrain becomes South Africa’s derivatives provider, complying with Bahrain and South African regulations. Binance Bahrain B.S.C. has been named the new provider of derivatives products for residents of South Africa, ensuring alignment with the required regulatory frameworks. This shift allows Binance to stay compliant with the regulations of the Central Bank of Bahrain and […]
Monthly NFT Sales Drop Below $400M, Hitting Yearly Low
The monthly NFT sales experienced a significant decline in August 2024, falling to $374 million, the lowest this year. Non-fungible token (NFT) sales saw a monthly volume of $374 million in August, continuing their downward trend and marking the lowest sales month of 2024. This is the first time this year that the volume of digital […]