Maltas futuristic Blockchain Island is facing a setback. In 2018, Malta announced its intention to regulate virtual financial assets by initiating legislation. The European country also invited several companies to...

Campaign group Positive Money is calling central banks to issue digital currencies. Positive Money published a report titled Money We Trust: Designing Cashs Digital Counterpart. The report called central banks like Bank...

Fintech Monzo has applied for a U.S. banking license. The U.K.-based bank has over 4 million customers. On April 20, it applied to the US Office of the Comptroller of the Currency for the license, The Telegraph...

Ripple Labs and CEO Brad Garlinghouse are suing YouTube. Ripples complaint against YouTube centers around the XRP Giveaway scams that rely on hijacked accounts and fool victims into believing that they will receive more...

The central bank of the Netherlands, De Nederlandsche Bank (DNB), wants to play a huge role in the digitalEuro. The central bank released a 45-page report expressing its interest in playing a leading role in central...

The Central bank of Argentina is working on a proof of concept that is focused on implementing a decentralized platform powered by RSK technology that allows end-to-end traceability of account debit claims. IOV Labs...

The US Congress published another COVID-19 bill titled Automatic Boost to Communities Act or ABC Act and it included the digital dollar. In March, previous bills from Democrats and the senate also suggested the use of...

The National Crowdfunding and Fintech Association of Canada (NCFA) advises Prime Minister Justin Trudeau to use fintech firms to speed up the distribution of capital to small businesses during the coronavirus...

The High Court of Singapore has decided to block the primary web domain of crypto exchange KuCoin. The court issued a temporary injunction on March 24 banning KuCoin from moving its assets including its websites. Domain...

The Libra Association is applying for a payment license from the Swiss Financial Market Supervisory Authority (FINMA). Libra (LBR) drew a lot of criticisms and was met with disapproval when it was announced in June...

China has been working on its central bank digital currency (CBDC) and a screenshot of its online wallet is making the rounds online. Ledger Insights shared a snap of how Chinas CBDC wallet looks like. The wallet...

The Financial Stability Board (FSB) published a document about the regulatory, supervisory and oversight challenges of global stablecoins like Facebooks Libra. In June 2019, G20 asked FSB to explore the regulatory...

MakerDAO users filed a class-action lawsuit against stablecoin issuer Maker Foundation following a protocol failure on March 12 dubbed Black Thursday. The suit was filed in the Northern District Court of California by...

The New York Southern District Court decided to move the sentencing of OneCoin co-founder Konstantin Ignatov to three months from now. Ignatovs sentencing date was originally set for April 8. However, the court approved...

Crypto exchange Binance released a statement about the controversial B.K. user case. In a lengthy statement, Binance explained that it came across false information against them relative to a user account that was...