Crypto Regulation

Bithumb has been added to South Korea's conglomerate watchlist, requiring stricter financial regulations due to its rapid growth in 2024. The Fair Trade Commission also included four other companies, while moving Dunamu to a lower category, as part of its ongoing efforts to regulate large firms in key sectors like crypto and defence.

The SEC has closed its investigation into PayPal’s stablecoin PYUSD without taking any action. This clears the way for PayPal to expand its crypto plans, including partnerships and a new rewards programme for users.

Canada has officially nominated Mark Carney as their next Prime Minister, as he takes on a key role in an uncertain economic context, and his monetary policy and cryptocurrencies could very well redefine the contours of the Canadian economy in the years to come.

Australia’s financial intelligence agency, AUSTRAC, has launched a sweeping crackdown on inactive registered crypto exchanges, aiming to eliminate potential vehicles for fraud and financial crime.

USDC stablecoin issuer Circle has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).

The UK is overhauling its crypto rules to support Web3 innovation while protecting consumers, working closely with US regulators and focusing on bad actors. Still, scepticism lingers in the crypto community due to past regulatory overreach and uneven enforcement.

The Trump-backed World Liberty Financial has signed a letter of intent to assist Pakistan with DeFi, stablecoin and real-world asset tokenization innovation in the country.

South Korea’s leading right wing political party-People Power Party-is pushing for a new bill that aims to end an era of uncertainty and regulation, urging lawmakers to embrace digital assets as a cornerstone of the new economy.

The Russian Energy Ministry is considering extending crypto mining bans to three additional regions as local electricity grids face mounting pressure from surging energy demand.

Ljubljana, Slovenia’s capital, has overtaken Hong Kong and Singapore to become the world’s most crypto-friendly city. How did this low-profile European hub outpace the industry’s giants?