MAS is also working to restrict crypto service providers from facilitating lending or staking for retail customers, but not for institutional ones.

Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declare bankruptcy.

The Ministry of Foreign Affairs of the Republic of Belarus cited a high crypto crime rate for banning all citizens from exchanging Bitcoin with each other.

The rumors, which have set Crypto Twitter ablaze, are the latest example of AI disinformation at work.

Bittrex has aligned its arguments closely with those made by Coinbase.

The task force will advise on the “sustainable and responsible” development of Web3 in Hong Kong, according to the statement.

Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year.

Crypto-friendly neobank Revolut has halted purchases of Cardano, Polygon and Solana for U.S. customers, but holding and selling remains available until mid-September.

As the EU works on its upcoming AI bill, executives from 160 companies in the industry drafted an open letter on the implications of too-strict regulations.

The court also rescheduled the pre-trial conference to a pre-motion conference, shifting it to July 13 from its original date of Aug. 24.