OKX, Bybit Remove Tinkoff Bank, Sberbank from Payments List
Due to international financial sanctions on Russian banks, cryptocurrency exchanges Bybit and OKX have followed in Binance’s footsteps to remove Tinkoff Bank and Sberbank from their P2P transactions list. According to Russian media outlets, local users can no longer receive fiat currency in exchange for their cryptocurrency on Tinkoff or Sberbank accounts via the P2P […]
Prime Minister Modi Calls for Global Crypto Framework at G20 Summit
During the annual Group of 20 (G20) summit, Indian Prime Minister Narendra Modi urged cooperation in developing a global cryptocurrency regulatory framework. The G20 comprises 19 countries and the European Union, representing the world’s major developed and emerging economies. It leads to international economic cooperation, which is crucial in strengthening global architecture and governance on […]
Court Grants Vauld Permission to Restructure Board
Vauld, a Singapore-based cryptocurrency exchange in bankruptcy proceedings since August 2022, has received court approval to restructure its board of directors. The new upper management will oversee the company’s rescue operation. Vauld’s co-founder Darshan Bathija announced on X (previously Twitter) on August 24 that a Singapore court approved the company’s scheme of arrangement. The proposal […]
Tornado Cash Co-founder Released on Bail – Lawyer
Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, was arrested on money laundering and other offenses on August 23. According to his lawyer, he was released on bail shortly after detention by the United States Department of Justice (DOJ). On August 24, Storm’s attorney, Brian Klein, announced on X (formerly Twitter) that Storm […]
Spain Launches AI Regulatory Task Force
Spain has established its own Artificial Intelligence (AI) regulatory task force, the Agency for the Supervision of Artificial Intelligence (AESIA), which will guarantee that AI development in the country will be “inclusive, sustainable, and citizen-centered.” The Council of Ministers authorized a Royal Decree establishing the AESIA on August 22. The Spanish Ministry of Finance and […]