REGULATION Archives - Cryptotimes Africa

News

Binance Halts Visa Debit Card Service in Europe Amid Regulatory Concerns

by Crypto Oracle October 23, 2023

Following Visa and Mastercard's termination of partnerships with Binance a couple of months ago, the world's largest cryptocurrency trading platform is now ceasing service of its Visa debit card in the European Economic Area (EEA). On December 20, 2023, Binance will discontinue…

News

Hong Kong Emerging as Crypto Hub Amid East Asia’s Regulatory Challenges – Is China Reversing Course?

by Crypto Oracle October 4, 2023

Although Eastern Asia - once a top market - has seen a decline in crypto activity over the past several years, Hong Kong may provide the region with "a potential tailwind," according to research firm Chainalysis. While Hong Kong is rising as a global leader in the…

News

IMF Proposes Crypto Risk Assessment Matrix for Macrofinancial Impact on Countries

by Crypto Oracle October 2, 2023

The International Monetary Fund (IMF) published a working paper that highlights risk management strategies and policy changes for regulators. The paper titled, “Assessing Macrofinancial Risks from Crypto Assets” released on Sept 29 proposes a crypto-risk assessment matrix (C-RAM) for risk-prone nations to identify,…

News

Bybit to Stop UK Services as Fin Regulators Clamp Down – Are You Affected?

by Crypto Oracle September 24, 2023

Cryptocurrency exchange Bybit has revealed its decision to suspend services in the United Kingdom (UK) due to impending regulations from the country's Financial Conduct Authority (FCA). In a Friday announcement, the exchange said it would begin the suspension process on October 1 and would no…

News

Sam Bankman-Fried Jailed Ahead of Trial

by Crypto Oracle August 11, 2023

Bankman-Fried was accused of leaking former Alameda Research CEO Caroline Ellison's diary to the New York Times. NEW YORK — FTX founder Sam Bankman-Fried has been remanded into custody ahead of his October trial on multiple financial crime charges after a federal judge revoked…

Industry

Namibia signs crypto exchange regulation bill into law

by Crypto Oracle July 26, 2023

The law will officially enter into force at a date determined by Namibia’s Ministry of Finance. The Namibian government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency…

Industry News

How the $275M FTX disaster caused Temasek to shun digital currency investments

by Crypto Oracle July 19, 2023

It’s no secret that the collapse of Sam Bankman-Fried’s digital currency exchange FTX was devastating. However, it’s not just a past event; its consequences are still reverberating, causing institutional investors like Singapore’s sovereign wealth fund Temasek to shun the digital currency industry.…