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)
Australian Treasurer Jim Chalmers advocates for balanced crypto regulation to modernize finance, amid skepticism from RBA Governor and Trump re-election impact. #Update #Crypto @RBA ↗ +3
The National Bank of Cambodia (NBC) mandates licensing for crypto transactions, impacting fund mobilization, trading, and settlements; non-compliance risks penalties (Dec. 26). #Breaking #Legal @NBC ↗ (+7)
@Binance and founder Changpeng “CZ” Zhao request dismissal of US Securities and Exchange Commission lawsuit, citing failure to meet Howey test and lack of investor harm evidence. $BNB price rises 2% to $685.20. #Update #Legal @Binance ↗ (+3)
@Hashdex and @FranklinTempleton receive SEC approval for spot cryptocurrency ETFs investing in $BTC and $ETH, launching January 2025 with an 80/20 allocation favoring Bitcoin. #Update #Crypto @Hashdex ↗ (+3)
