Hong Kong SFC enforces 98% cold storage rule for crypto exchanges by 2025
Hong Kong SFC mandates stricter crypto custody rules for exchanges like Binance and OKX, requiring 98% cold storage by 2025 to enhance security.
New York Assembly proposes 0.2% tax on Bitcoin and NFT transactions in 2024
New York Assembly proposes 0.2% excise tax on crypto and NFT transactions, affecting Bitcoin and Ethereum traders, with potential $50M annual revenue.
3000 Bitcoin mining rigs seized in Tajikistan and Kazakhstan in 2023
Illegal Bitcoin mining surges in Tajikistan and Kazakhstan, with 3000 rigs seized in 2023, costing governments $50 million in lost revenue annually.
Bitcoin designated US Treasury reserve asset with MicroStrategy holding 190,000 BTC
MicroStrategy’s Michael Saylor announced Bitcoin as a US Treasury reserve asset, holding 190,000 BTC, valued at $8 billion, alongside Tesla and Square.
BPI says GENIUS Act loopholes risk $17T banking sector with stablecoin yields
BPI warns GENIUS Act loopholes let stablecoins like USDT and USDC offer 5% yields, threatening traditional banks and $17T deposits.
Hong Kong SFC requires 98% cold storage for crypto exchanges by 2025
Hong Kong SFC enforces stricter custody rules for crypto exchanges like Binance and OKX under ASPIRe, requiring 98% cold storage by 2025.
DOJ seizes $300M in crypto from fraud schemes involving Binance
Authorities seized $300M in crypto tied to fraud; Binance and Tether transactions flagged; DOJ reports 12 arrests in global crackdown on financial crimes.
Czech police arrest trafficker in $12M Bitcoin fraud case involving Europol
Czech police arrested a convicted trafficker tied to a $12M Bitcoin scandal involving Europol and Binance, marking a major crypto crime breakthrough.
South Africa enforces crypto flow rules for Bitcoin and Ethereum in 2024
South Africa plans to regulate cross-border crypto flows, affecting Bitcoin and Ethereum. The move follows a 30% rise in crypto transactions in 2023.
Hong Kong SFC mandates stricter crypto custody after $3.8B 2022 losses
Hong Kong SFC enforces stricter crypto custody rules following global security breaches, affecting Binance and Coinbase, with $3.8B lost in 2022 hacks.
