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A new study found that typical Kenyan crypto users to be under 40. Kenyans not only trade cryptocurrencies but use them for investment and as a hedge against inflation. Kenya Seeks IMF Assistance According to a study by a Kenyan Technical Working Group, Kenyan residents continue to trade cryptocurrencies despite repeated warnings from the central … Read more
Two of the three Democratic commissioners at the SEC will be leaving before Donald Trump takes office on Jan. 20. Go to Source
BitMEX has been hit with an additional financial penalty following its 2022 guilty plea for violating the US Bank Secrecy Act. Go to Source
With a Republican majority having taken control of the US Senate in January, Tim Scott said the Banking Committee would have an “open-minded environment” for digital assets. Go to Source
Malaysia is reportedly exploring cryptocurrency regulations after its prime minister held discussions with Abu Dhabi leaders and Binance founder Changpeng Zhao. Go to Source
Thailand’s former prime minister has urged cryptocurrency-friendly policies and a 20% tax on online gambling, projecting billions in revenue to spur economic modernization. Ex-Prime Minister Calls for Crypto-Friendly Policies to Spur Economic Innovation Former Thai Prime Minister Thaksin Shinawatra has urged the government to prioritize cryptocurrency reforms alongside online gambling to modernize Thailand’s economy, according … Read more
A crypto firm has been fined $1.1 million for deceiving customers and misusing funds, as the CFTC highlights growing concerns about unregistered investment schemes. CFTC Strikes: Fraudulent Crypto Firm Banned, $1.1 Million Fine Issued The Commodity Futures Trading Commission (CFTC) announced on Monday that Mosaic Exchange Ltd. and its CEO, Sean Michael, have been ordered … Read more
“With Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” said Emmer. Go to Source
The U.S. Securities and Exchange Commission (SEC) has deferred its decision on the Bitwise 10 Crypto Index exchange-traded fund (ETF), citing the need for additional time to thoroughly review the proposal. SEC Needs More Time to Decide on Bitwise 10 Crypto Index ETF The SEC disclosed its decision to extend the review period for a … Read more
Singapore’s gambling regulator blocked access to Polymarket, a predictions market, considering it online gambling under their law. Offenders Face Stiff Fines or Jail Time Singapore’s Gambling Regulatory Authority (GRA) has reportedly blocked access to Polymarket, a predictions market, as part of a broader crackdown on unlicensed gambling service providers. Under Singaporean law, predictions markets like … Read more