Singapore Increases Risk Level for Crypto Exchanges
The Monetary Authority of Singapore (MAS) has revised the country’s Terrorism Financing regulations, increasing the risk level for crypto exchange platforms from medium-low to medium-high. The Singaporean regulator published an update to the country’s National Risk Assessment (NRA) and National Strategy for Countering the Financing of Terrorism (CFT) on July 1. The purpose of the […]
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 […]
South Korea FIU To Expel ‘Unsuitable’ Crypto Exchanges in 2024
The Financial Intelligence Unit (FIU) of South Korea has announced publicly that, beginning in 2024, it will increase scrutiny over cryptocurrency exchanges and expel platforms considered “unsuitable” from the domestic market. The Korea Times reported on February 12 that the FIU additionally aims to broaden the range of screening protocols utilized in the cryptocurrency market […]
MiCA to Aid Exchanges Expansion Across Europe – Crypto.com President
Eric Anziani, president of Crypto.com, asserts that executing the Markets in Crypto-Assets (MiCA) legislation may accelerate the expansion endeavors of major cryptocurrency exchanges throughout Europe. Anziani, in an exclusive interview with Cointelegraph, described how the “fragmented” character of European regulations governing the industry and heightened regulatory scrutiny have made it difficult for exchanges to serve […]
Binance Considers Exiting Russian Market
Binance, Leading Crypto Exchange, Considers Full Exit from Russia Amid Sanctions and Fund Transfer Allegations. In light of the intensifying global scrutiny and economic sanctions against Russia, Binance, the largest cryptocurrency exchange in the world, is considering a complete withdrawal from the Russian market. As international tensions increase, the crypto giant is eager to distance […]