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Regulation — Page 90

Brazil Approves First Spot XRP ETF as XRP Surges 8%

Brazil's Comissão de Valores Mobiliários (CVM) has approved the country's first spot XRP exchange-traded fund (ETF), the Hashdex Nasdaq XRP Index Fund, set to trade on the B3 exchange. The decision, announced on Febru…

Feb 20, 20252 min read

South Korea to Allow Institutional Crypto Trading in 2025

South Korea’s Financial Services Commission (FSC) will lift its long-standing ban on institutional cryptocurrency trading, aligning with global trends and rising domestic demand for blockchain ventures.

Feb 13, 20251 min read

Hashflare Co-Founders Plead Guilty in $577M Crypto Fraud Scheme

Hashflare co-founders Sergei Potapenko and Ivan Turõgin pleaded guilty to conspiracy to commit wire fraud for operating a $577 million crypto mining Ponzi scheme. Arrested in Estonia in November 2022 and extradited to…

Feb 13, 20251 min read

South Korean Lawmaker Acquitted in Crypto Disclosure Case

South Korean lawmaker Kim Nam-kuk has been acquitted of charges related to concealing cryptocurrency holdings and obstructing public duty. The Southern Seoul District Court ruled that Kim was not legally required to d…

Feb 10, 20251 min read

Utah Moves Closer to Establishing a Bitcoin Reserve

Utah is on the verge of becoming the first U.S. state to establish a Bitcoin reserve as its "Strategic Bitcoin Reserve" bill advances to the Senate. House Bill 230 (HB230), also known as the Blockchain and Digital Inn…

Feb 7, 20252 min read

Missouri Eyes Bitcoin Reserve to Future-Proof State Finances

Missouri Representative Ben Keathley has introduced House Bill 1217, aiming to establish a Bitcoin Strategic Reserve Fund to diversify the state’s investment portfolio and hedge against fiat currency inflation. Filed …

Feb 7, 20252 min read

Bybit Fined $1.06M by India's FIU Over Compliance Violations

Bybit, the world’s second-largest crypto exchange by trading volume, has been fined 9.27 crore rupees ($1.06 million) by India’s Financial Intelligence Unit (FIU) for violating the Prevention of Money Laundering Act (…

Feb 5, 20251 min read

LayerZero Settles Legal Dispute with FTX Bankruptcy Estate

LayerZero Labs has reached a settlement with the FTX bankruptcy estate, ending a two-year legal battle over transactions involving Alameda Research. The dispute stemmed from a deal where Alameda, under former CEO Caro…

Jan 31, 20252 min read
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