China appears to be ahead of the pack in the central bank digital currency race. The Peoples Bank of China, the countrys central bank, has already tested its CBDC pilot also known as the digital yuan in a variety of...

Three United States senators recently expressed concerns over the possibility of American athletes using Chinas central bank digital currency also known as the digital yuan. The lawmakers sent a letter urging Olympic...

The Enforcement Directorate (ED) has issued a notice to crypto exchange WazirX demanding an explanation on why withdrawals from its crypto wallets should not be considered violations of the Foreign Exchange Management Act...

Regulatory certainty will soon be coming to Turkeys crypto industry. The countrys Ministry of Treasury and Finance recently announced the completion of a draft bill that will establish the legal framework for crypto...

Malaysia is literally crushing illegal crypto mining activities in the country. Authorities hired a steamroller to destroy more than a thousand Bitcoin (BTC) miners worth over a million dollars. Malaysian authorities...

Crypto exchange Binance is no longer offering stock tokens or crypto assets tied to the value of the shares of certain companies such as Apple, Coinbase, and Tesla. The move came as the company faces increasing scrutiny...

Japan is ramping up its efforts to regulate crypto. This could hint at the governments growing concern over the increasing use of private money such as stablecoins and their potential to disrupt the financial...

The Italian Companies and Exchange Commission (CONSOB) has warned the public on crypto exchange Binance. The countrys securities market regulator said in a statement that the Binance Group is not authorized to operate and...

Regulatory uncertainty over the crypto industry in India will likely continue for some time. A recent report suggests that the highly anticipated crypto bill wont likely be discussed during Parliaments upcoming session...

Investing in Bitcoin (BTC), Ether (ETH), and other cryptocurrencies is now harder for Indian investors after local banks cut ties with crypto exchanges. ICICI Bank, the largest private sector bank in the country, took a...

The current wave of regulatory scrutiny on crypto could be a good thing for the industry in the long run, according to billionaire Wu Jihan. The former CEO of Bitcoin (BTC) mining firm Bitmain believes that it could flush...

South Korea is now tightening its regulations on the crypto industry. Financial Services Commission (FSC) Chairman Eun Sung-soo said that foreign exchanges that deal in Korean won must also comply with the countrys...

The U.K.s Financial Conduct Authority ordered crypto exchange Binance last month to stop all regulated activities in the country. The regulators move might have benefited the companys rival platforms such as Bitstamp,...

The Nigerian government tried to crack down on crypto earlier this year. However, it now appears that its efforts were not that effective as crypto adoption continues to surge in the country. The Central Bank of Nigeria...

The Philippine Stock Exchange (PSE) said that cryptocurrency trading should be done on its platform as it can offer investor protection safeguards. The exchange noted that mounting interest in crypto means that the asset...