The Government of India is taking its position on cryptocurrencies to report to the Financial Action Task Force (FATF) next year. The FATF peer review system includes detailed reports from countries through which experts analyze the implementation and effectiveness of measures to combat money laundering and terrorist financing. The Ministry of Economy of the country […]
Brazil Court Orders Founder of GAS Consultoria to Return $3.7 Billion to Fraud Victims
According to a federal court ruling in Rio de Janeiro, the founder of GAS Consultoria, suspected of crypto fraud, must return almost $3.7 billion to more than 122,000 investors. Glaidson Acácio dos Santos, a former Christian Democrat candidate, is accused of having links to a pyramid scheme with his company GAS Consultoria. Dos Santos must […]
Binance exchange will open two offices in Brazil
Cryptocurrency exchange Binance has announced plans to expand in Latin America, which will open two offices in Brazil and consider issuing a debit card for the region. The two new offices in Rio de Janeiro and Sao Paulo will be a co-working space that can accommodate all 150 employees of the exchange. Note that at […]
Hong Kong Regulator to Test State Cryptocurrency in Q4 2022
The Hong Kong Monetary Authority (HKMA) has announced that it plans to start testing its own cryptocurrency, the digital Hong Kong dollar, in the coming months. HKMA Deputy Executive Director Howard Lee said the e-HKD pilot project will involve banks, payment institutions and technology companies. In April, the agency opened public discussions to discuss issues […]
New bill to regulate stablecoins introduced in the US
A new bill has been submitted to the US House of Representatives that proposes to ban the creation of algorithmic stablecoins like TerraUSD for two years. It seems that US lawmakers are worried about the possibility of a repeat of the collapse of TerraUSD (UST). The bill proposes to ban the creation of algorithmic stablecoins […]
“White hacker” received $540,000 instead of $2 million for the discovery of a critical vulnerability in Arbitrum
Developers of Ethereum scaling solution Arbitrum have announced a $2M bounty program for finding critical vulnerabilities, but only pay out $540,000. Such a complaint on the social network Twitter was published by a “white hacker” under the pseudonym Riptide. According to him, he discovered an extremely serious vulnerability in the Arbitrum Nitro code, which, theoretically, […]
Binance Receives Permanent License for Virtual Asset Service Provider in Dubai
Cryptocurrency exchange Binance has received a permanent minimum viable product (MVP) license from the Dubai Virtual Assets Regulatory Authority (VARA). Binance received a temporary VARA license in March. During the period of the temporary license, the exchange’s ability to provide cryptocurrency services was limited. The change in licensee status will allow Binance to offer full […]
Nasdaq will launch its own cryptocurrency storage service
One of the world’s major stock exchanges is opening a cryptocurrency division that will offer customers digital asset storage services, as well as tools to ensure the security of crypto companies. The US exchange Nasdaq is acting as part of a Wall Street strategy to attract institutional investors in the face of a recession in […]
DTCP Venture Fund invests in Web3 development
The European company Digital Transformation Capital Partners announced the closing of its third investment fund, which raised $300 million. The fund will invest in Web3, fintech and a number of other technology industries. DTCP plans to continue raising capital and close the fundraiser in 2023 with a $500 million target and a cap of $600 […]
EurocoinPay and Mastercard to launch cryptocurrency debit cards
Spanish licensed trading platform EurocoinPay has teamed up with international payment service Mastercard to issue a cryptocurrency debit card. According to Mastercard CEO Michael Miebach, the card will help EurocoinPay users make purchases in more than 90 million stores worldwide. EurocoinPay believes that the decision is a step towards making cryptocurrencies useful for customers in […]