Cryptocurrency scams: scammers took a record of $14B in 2021
According to fresh data from blockchain analytics firm Chainalysis, scammers amassed a record of $14B in cryptocurrency in 2021. Theft and scams drove a 79% increase in losses from crypto-related crime compared to the previous year. In 2021, the most common type of cryptocurrency-related crime was scumming, which was followed by theft, the majority of which […]
Binance receives regulatory license of operation in Canada
The year-end seems to be a good one for Binance as it has received a crypto financing license from the Canadian government. The crypto exchange also recently received in-principle approval from the Central Bank of Bahrain. Binance has been granted a crypto financing license by the Canadian government, which allows it to set up a […]
Binance is reportedly making plans to set up a crypto exchange in Indonesia
The world’s largest crypto exchange by trading volume Binance according to reports is planning to launch a crypto venture in Indonesia as part of its global expansion process after the whole regulatory issues it has faced. According to Bloomberg, the world’s largest exchange has revealed that it is in talks to establish up a crypto […]
Bank of Thailand restricts local banks from trading crypto
Bank of Thailand stated on Tuesday that it does not want commercial banks to trade digital assets directly, citing the risks of extreme price volatility. Thai lenders have begun investing in local digital asset exchanges, according to senior director Chayawadee Chai-Anant of the Bank of Thailand (BOT). Siam Commercial Bank Pcl (SCB) announced a $537 […]
Japan’s Financial regulator to propose restriction of stablecoins
According to Nikkei Asia, Japan is considering new regulations that will enable only banks and wire transfer firms to create stablecoins. The Financial Services Agency (FSA), Japan’s primary financial regulator, is apparently considering legislation that would limit stablecoin supply to banks and wire transfer providers. Crypto service providers engaging in stablecoin transactions, such as wallets, […]