Belarus Sets to Ban P2P Crypto Transactions
The Belarusian foreign ministry is drafting amendments to the law to prohibit peer-to-peer (P2P) transactions involving Bitcoin and other cryptocurrencies, citing a high crime rate associated with cryptos. The Ministry of Foreign Affairs (MFA) of the Republic of Belarus issued an official announcement on Telegram on July 2 regarding new legislation prohibiting individuals from engaging […]
Poly Network Issues Withdrawal Notice to Users After Exploit
Cross-chain bridge platform Poly Network on July 2, was attacked by a hacker, and the exploit affected 57 crypto assets. This has prompted the network to urge users to withdraw their funds. In a tweet dated July 2, Poly Network confirmed it was the latest victim of decentralized finance (DeFi) exploit after attackers were able […]
Revolut Sets to Delist ADA, MATIC, and SOL
Cryptocurrency-friendly neobank Revolut will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform in the United States; however, holding and selling remain available until mid-September. According to a company spokesperson, Revolut plans to entirely delist tokens such as Cardano, Polygon, and Solana from its platform in September. Revolut notified its U.S. customers of […]
SEC to Reply Coinbase’s Legal Defense on July 13
According to a court order issued on Thursday, June 29, the United States Securities and Exchange Commission (SEC) will respond to Coinbase’s initial legal defense on July 13. In a filing with the court, the SEC requested an extension of three business days. This extension was asked to allow the SEC sufficient time to prepare […]
South Korea Passes Virtual Asset User Protection Bill
The Virtual Asset User Protection bill in South Korea aims to tackle unfair cryptocurrency trading and safeguard cryptocurrency investors from collapses like the Terra ecosystems’. The National Assembly passed Virtual Asset User Protection legislation on June 30. According to SBS Biz, the bill is intended to regulate unfair trade practices and defend crypto investors. The […]