@OKX has received a pre-authorization for the Markets in Crypto-Assets Regulation (MiCA) concerning Virtual Financial Assets, marking a significant step towards obtaining a full MiCA license after establishing a dedicated hub in Malta. #Update #Legal (+4) ↗
Hong Kong’s Legislative Council held its first meeting on the stablecoin bill since December, aiming to regulate issuers via licensing from the Hong Kong Monetary Authority. The region seeks to strengthen its position as a cryptocurrency hub. #Update #Legal (+3) →
@BitMEX has been fined an additional $100 million for Bank Secrecy Act violations, following a previous $110 million penalty. This comes after the exchange’s guilty plea for anti-money laundering failures from 2015-2020. #Breaking #Legal (-9) ↘
On Jan. 13, the Bank of Namibia granted provisional authorization to @MindexVAE and Landifa Bitcoin Trade to operate as virtual asset service providers, marking a significant step in Namibia’s two-step licensing process for crypto firms. #Update #Crypto (+3) ↗
A new study reveals that most Kenyan crypto users are under 40, using cryptocurrencies for trading, investment, and inflation hedging despite central bank warnings. Kenya seeks IMF assistance as crypto use persists. #Update #Crypto $BTC (+3) ↗
The incoming Trump administration plans to reverse key Biden-era cryptocurrency regulations, targeting the Securities and Exchange Commission’s policies, as revealed by insiders to The Washington Post. #Breaking #Crypto @SECGov (-9) ↘
Singapore has banned access to @Polymarket as part of a crackdown on unlicensed online gambling, affecting 3,800 sites and blocking $37M in transactions. Violators face fines or imprisonment. #Update #Legal (+6) ↘
Several key figures in cryptocurrency enforcement at the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are stepping down, signaling a shift towards innovation-focused oversight under the new administration. #Breaking #Crypto $BTC (+8) ↗
Kenya is drafting legislation to regulate cryptocurrencies, with a proposal open for public feedback until Jan. 24, marking a significant step in crypto oversight by the Kenyan government. #Update #Legal #Crypto (0) →
Kenya is set to regulate cryptocurrencies with a draft proposal open for public feedback until Jan. 24, marking a significant step in the country’s digital asset landscape. #Update #Legal #Crypto (+3) ↗
The Nigerian Securities and Exchange Commission (SEC) warns that some virtual asset service provider (VASP) license applicants fail to meet regulatory standards, urging compliance to avoid rejection. • #Update • #Legal • @SECGov • (+3) • →
A group of insiders at the Federal Deposit Insurance Corporation (FDIC) has exposed a coverup involving Operation Chokepoint 2.0, revealing efforts to hide documents from FOIA requests and run disinformation campaigns against detractors on social media. • #Breaking • #Legal • @FDICgov • (+8) • ↗
Outgoing CFTC Chair Rostin Behnam warns of insufficient U.S. crypto regulation amid rising mainstream adoption, highlighting potential risks without comprehensive oversight. • #Update • #Crypto • @CFTC • (+6) • →
The Markets in Crypto-Assets Regulation (MiCA) is now live across the European Union, marking a milestone for digital asset oversight with new rules for stablecoins and crypto services. • #Update • #Legal • @paddi_hansen • (+6)
