Browsing: Business
EU’s twelfth sanctions package targets Russian crypto ownership and diamond trade, using blockchain for diamond traceability to ensure compliance.
Coinbase CEO Brian Armstrong warns that anti-crypto stances could backfire politically, citing 52 million U.S. crypto holders and growing youth interest in digital assets.
Montenegro’s Appellate Court overturns decision to extradite Terraform Labs’ Do Kwon, citing significant procedural violations, and orders retrial.
Revolut Business suspends cryptocurrency purchases in the UK from Jan. 3, 2024, to comply with new FCA regulations on crypto advertising, effective Jan. 8.
Brazil’s President Lula signs a law taxing up to 15% on overseas cryptocurrency profits, aiming to enhance financial regulation and generate revenue.
CoinList agrees to a $1.2 million settlement with OFAC for processing 989 transactions in Crimea, marking a significant enforcement action in crypto sanctions violations.
Philippines SEC sets a three-month deadline for the Binance ban, urging investors to use registered entities for consumer protection and compliance.
Gemini Earn creditors oppose a proposed reorganization plan that could slash their Bitcoin repayments to just 30% of current market value, sparking widespread backlash.
Coinbase launches spot crypto trading for institutional investors outside the U.S., offering Bitcoin and Ether trades against USD Coin starting Dec. 14.
Worldcoin’s World ID 2.0 enhances online verification, now integrated with Shopify, Mercado Libre, Reddit, and Telegram for secure user authentication.