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As interest in NFTs and Web3 begins to diminish, Starbucks has made the decision to shut down its Web3 loyalty program, Odyssey, which had been in beta since late 2022. According to the official FAQ, the beta phase of Odyssey is set to conclude on March 31, 2024. Users are urged to wrap up any […]

IRS’s Initial Prosecution for Crypto Tax Evasion Highlights Strengthened Enforcement Efforts A recent case involving crypto tax fraud underscores the IRS’s increased focus on enforcing tax laws in the cryptocurrency sphere. In a significant move, the agency, in collaboration with the Department of Justice, pressed criminal charges against Frank Richard Ahlgren III of Austin, Texas, […]

Crypto.com has been slapped with a €2.85 million ($3.1 million) fine by the Netherlands Central Bank for conducting business in the country without the necessary registration for a duration of two years. The sanction is aimed at Forix DAX Mt, Crypto.com’s Dutch trading arm. A statement on March 13 disclosed that the Apex Bank levied […]

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SEBI Chief Madhabi Puri Buch highlights the need for instant settlement in traditional markets to prevent investors from shifting to cryptocurrency. SEBI’s head states traditional markets need instant settlements to compete with crypto. “Investors are likely to move to crypto if traditional markets cannot offer tokenization and instantaneous settlement,” said SEBI’s Madhabi Puri Buch. The […]

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Thailand has given the green light to U.S. Spot Bitcoin ETFs for institutional players, indicating a notable change in its approach to cryptocurrency investments. MAIN POINTS Thailand permits institutional investors to engage in U.S. Spot Bitcoin ETFs. The SEC warns of the significant risks involved in investing in digital assets. Other international entities are also […]

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Mudrex, a startup supported by Y-Combinator and headquartered in California, has a branch that is officially registered with the Intelligence Unit of India. The cryptocurrency investment platform Mudrex is introducing U.S. spot-bitcoin exchange-traded funds (ETFs) to its Indian clientele. Initially, Mudrex will introduce four spot ETFs – BlackRock, Fidelity, Franklin Templeton, and Vanguard. The plan […]

SafePal, a provider of crypto hardware wallets, has strategically invested in Swiss bank Fiat24, aiming to offer users a banking gateway for digital asset payments and compliant fund transfers. This collaboration aims to expedite the integration of cryptocurrency into everyday transactions. Users can create individual, fully compliant bank accounts and utilize the USD Coin (USDC) […]

The Enforcement Directorate (ED) has taken a significant step in its ongoing investigation into a cryptocurrency scam by filing a charge sheet against 299 entities, including individuals of Chinese origin, under the anti-money laundering law. Exposing the Cryptocurrency Fraud Scheme This charge sheet follows allegations of investor deception related to cryptocurrency mining, including Bitcoin. The […]

The US branch of Binance collapsed after facing charges from the SEC for breaking securities laws, stated by the company’s COO, Christopher Blodgett. In a deposition revealed on December 15, Blodgett mentioned that the lawsuit from the SEC dealt a critical hit to the branch, forcing it to terminate over 200 employees since June, which […]

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The Financial Supervisory Commission (FSC) of Taiwan aims to propose updated digital asset regulations in September 2024. Huang Tien-mu, FSC chairman, stated the draft bill aims to enhance regulations for digital asset markets and ensure investor safety, according to a March 4 report by UDN. Taiwan Plans New Digital Asset Regulations In October, Taiwanese legislators […]

Starbucks Shuts Down Its NFT-Based Loyalty Program, Odyssey

IRS Gets Serious: First Prosecution for Crypto Tax Evasion

Crypto.com fined €2.85 million by the Dutch Central Bank for regulatory noncompliance

India’s Market Regulator Urges Instant Settlements to Compete with Crypto

Thailand Allows U.S. Spot Bitcoin ETFs for Institutions, Highlighting Crypto Investment Shift

Mudrex, an Indian Cryptocurrency Investment Platform, Plans to Provide U.S. Bitcoin ETFs to Indian Investors

SafePal Partners with Swiss Bank to Bring Banking Services to Crypto Wallet Users

India’s ED Takes Action Against Cryptocurrency Scam, Files Charge Sheet Against 299 Groups

SEC Lawsuit Hits Binance.US: Staff Cut by Two-Thirds, Revenue Drops 75%

Taiwan’s FSC Plans Digital Currency Regulations by September 2024

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

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