Australia’s Treasury has announced plans to introduce a comprehensive licensing regime for cryptocurrency exchanges in an effort to regulate the rapidly expanding industry. The proposed framework requires exchanges to obtain an Australian Financial Services license (AFSL) from the Australian Securities and Investments Commission (ASIC) if they hold more than AUD 1,500 of any single client’s […]
Cybercriminals have found a new method to spread malware by exploiting BNB Smart Chain (BSC) smart contracts. This technique, known as ‘EtherHiding,’ involves compromising WordPress websites and injecting code that retrieves partial payloads from blockchain contracts. The attackers hide these payloads in Binance smart contracts, using them as anonymous hosting platforms. They can update the […]
The G20, an intergovernmental forum consisting of 19 countries, the European Union, and the African Union, has embraced a regulatory roadmap proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) for the regulation of digital currencies. The roadmap emphasizes the implementation of comprehensive regulatory policies and advocates for supervision of the […]
Australian cryptocurrency exchanges have welcomed plans from the Australian Treasury to regulate the industry under existing financial services licensing measures. The Treasury’s consultation paper outlined proposed regulations that would subject cryptocurrency exchanges to existing financial services rules and introduce new guidelines for all Australian firms dealing in digital assets. The new regime aims to provide […]
Grayscale Bitcoin Trust (GBTC), an investment vehicle for Bitcoin, is currently trading at its lowest discount in almost two years. The discount to Bitcoin’s net asset value (NAV) has narrowed to 15.87% as of October 13th. This discount measures how much a mutual fund or ETF is trading below its true value. The narrowing of […]
The Australian federal government is planning to introduce new regulations that will require cryptocurrency exchanges to obtain a financial services license. The regulations will focus on the exchanges themselves rather than individual tokens or cryptocurrencies. Exchanges holding more than $5 million in aggregate or exceeding $1,500 for any individual user will be required to obtain […]
Upbit, South Korea’s largest cryptocurrency exchange, has received in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) granted the approval, allowing Upbit Singapore to offer digital payment token services to institutional investors while awaiting its full license. This approval is seen as a strategic milestone for Upbit […]
The Australian federal government is considering implementing new regulations that would require cryptocurrency exchanges to obtain a financial services license from the Australian Securities and Investment Commission (ASIC). The aim of these regulations is to protect consumers while still fostering innovation in the digital asset sector. The proposed framework focuses on regulating exchanges and service […]
The Moscow Stock Exchange is planning to introduce a digital financial asset (DFA) for real estate assets in 2024. This move aims to make investing in real estate more accessible by lowering the entry barrier for investors. The National Settlement Depository (NSD) will oversee the issuance of these DFAs, which will be traded on the […]
Stablecoin issuer Circle has partnered with digital asset provider Coins.ph to improve remittance services in the Philippines. The partnership aims to promote the use of USDC-denominated remittances as a safe, affordable, and fast method for international money transfers. The Philippines received $36.1 billion in remittance flows in 2022, highlighting the importance of remittances to the […]
