Global #regulatory

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Riding the wave of heightened interest in U.S. election betting, crypto-based prediction market platform Polymarket is on the hunt for $50 million in fresh funding, as reported by tech news outlet The Information.

The US federal government is ramping up regulatory measures in the cryptocurrency sector, imposing stricter Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations.

Donald Trump has officially confirmed the WLFI token associated with his family’s decentralized finance (DeFi) project, World Liberty Financial, during a recent livestream on X Spaces.

The cryptocurrency landscape in Asia is experiencing notable shifts as countries like Singapore, India, and Japan implement significant regulatory and policy changes.

In a notable sign of growing institutional confidence in digital assets, U.S. Bitcoin exchange-traded funds (ETFs) have experienced a surge in inflows, attracting $2.4 billion in the second quarter of 2024.

In a significant enforcement action, the Securities and Exchange Commission (SEC) has fined New York-based broker-dealer OTC Link $1.19 million for failing to file Suspicious Activity Reports (SARs) over a period of three years.

Indian law enforcement agencies have demanded $86 million (722 crore Indian rupees) from Binance in unpaid taxes, as part of an investigation into the crypto exchange’s operations in the country.

The cryptocurrency market witnessed a significant downturn as Bitcoin, the leading digital currency, dropped below the $53,000 mark. This decline reflects broader uncertainties in global financial markets and highlights ongoing volatility in the crypto sector.

The rapid growth of stablecoins, particularly in emerging markets and developing economies (EMDEs), has ignited a heated debate about their potential benefits and risks.

South Korea's plans to introduce a tax on cryptocurrency gains have encountered another delay, with the potential implementation date pushed back to as late as 2028. The government is set to announce the final decision and estimated date later this month.

The competition to launch the first US spot Solana (SOL) exchange-traded fund (ETF) has intensified, fueled by institutional interest and political considerations leading up to the November elections.